Digg CEO Jay Adelson steps down; replaced by founder Kevin Rose

Summary:Digg CEO Jay Adelson said he would step down after five years to pursue his "entrepreneurial calling." Founder Kevin Rose will replace him.

Digg CEO Jay Adelson said on Monday that he was stepping down after five years to pursue his "entrepreneurial calling."

Founder Kevin Rose will replace Adelson as chairman and acting CEO.

Adelson:

The entrepreneurial calling is strong, and I am ready to incubate some new business ideas over the next twelve months. As the economy exits a very deep recession, I believe that it is an excellent time for new companies to develop.

The move demonstrates Rose's increased commitment to the social news website, which is preparing for a major redesign to better compete with Facebook and Twitter for users' eyeballs.

Rose founded the site in 2004.

Rose:

I am excited to be taking on the role of Chairman and acting CEO, driving Digg forward on our promise to enable social curation of the world's content and the conversation around it. We've been super busy on the product side getting ready for the upcoming Digg redesign and delivering our mobile apps for the iPhone and Android.

Most recently, Rose has been an angel investor in startups such as Gowalla and Foursquare. Previously, he juggled several side projects, including Pownce and WeFollow.

Adelson stepped down as CEO of Digg sister company Revision3 in 2007. He said he would continue to advise Digg but

Topics: CXO

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Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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