Digg CEO steps down

by: Bradley Wint on April 5th, 2010 at 3:06 pm

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With a new Digg on the way, CEO Jay Adelson announced via the Digg blog that he is resigning with immediate effect. He has handed over the reigns to Digg founder Kevin Rose to lead the company into the future. It seems he may be moving on the bigger things saying “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.”

He also mentioned that Digg was in a very good state, had a very good revenue model (Digg Ads) and is hiring a truckload of fresh blood for the revamped company.

Kevin also made a note saying that he looks forward to the challenges ahead and that the entire staff are working to roll out the new design, as well as the mobile apps for the iPhone and Android phones. Here are their messages.

Got some news. After five years, forty million users, and an amazing ride, I’ve decided to step down as CEO of Digg. With the new Digg getting ready to launch, Digg Ads doing well, our sales force growing, our hiring ramping, and the company maturing well beyond its startup phase, I feel that now is the right time.

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. Of course, I will continue to serve as an adviser to Digg. In the interim, Kevin has agreed to step in as Chairman and CEO.

I’d like to thank Kevin, the Digg staff and the Digg community for their support, insight and, most of all, their loyalty in turning Digg into the force that it is today. – Jay

I want to be the first to thank Jay for the last five years of amazing work. You’ve been a great friend and mentor, we wouldn’t be where we are today if it wasn’t for you.

While I’ll miss working w/Jay day-to-day 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.

Thank you very much for your on-going support of Digg, I’m truly excited about the next five years, big things coming! – Kevin

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