MySpace CEO to Step Down

Chris DeWolfe, the current chief executive officer of MySpace, will step down from his position in the near future. News Corporation did not indicate just the exact deadline when the CEO seat would become empty, but it did emphasize that the move was the conclusion of a mutual agreement between DeWolfe and News Corporation’s Chief Digital Officer Jonathan Miller. Miller failed to point to any possible replacements for DeWolfe, and did not indicate any existing efforts to identify a successor. However, News Corporation is also looking to find a new role for Tom Anderson, MySpace’s current president.

“Chris and Tom are true pioneers and we greatly value the tremendous job they’ve done in growing MySpace into what it is today,” Miller noted. “Thanks largely to their vision, MySpace has become a vibrant creative community with 130 million passionate followers worldwide. It is an enormously successful property and we look forward to building on its achievements with a new management structure we’ll announce in the near future.”

Following the departure from the CEO position, DeWolfe will assume a new role serving on the board of MySpace China. In addition, the MySpace co-founder will also work as a strategic advisor to MySpace. While confirming the fact that he was stepping down as CEO, DeWolfe looked back and applauded the growth of MySpace. In just six years the social networking hotspot grew from just seven workers to 1,600 employees and is now enjoying an audience of over 130 million people worldwide.

“It’s been one of the best experiences of my life and we’re proud of, and grateful to, the team of talented people who helped us along the way. We thank them, as well as the MySpace community for making our vision a reality,” DeWolfe Stated.