MySpace CEO Chris DeWolfe Steps Down

Apr 22 2009, 9:05pm CDT | by Luigi Lugmayr

MySpace co-founder Chris DeWolfe is stepping down as CEO “in the near future” and “by mutual agreement” his contract will not be renewed with parent company News Corp, according to a release. DeWolfe will remain with MySpace in an advisory capacity and continue to serve on the board of MySpace China.

While no immediate replacement has been named, All Things Digital cites sources claiming former Facebook COO Owen Van Natta is high on the list.

The move to replace DeWolfe could come in response to MySpace losing ground to Facebook, the global social networking leader, despite MySpace claiming more registered users in the US.

DeWolfe said in a statement, “In a little under six years we’ve grown MySpace from a small operation with seven people to a very profitable business with over 1,600 employees. 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.”

[Via CNET]

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.