Digg CEO Jay Adelsonsaid 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.
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.
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