There’s a bit of movement in the air down in Silicon Valley today; Jay Adelson is stepping down immediately as CEO of Digg. For the foreseeable future, founder Kevin Rose will take on the Chairman and CEO responsibilities.

Adelson is giving in to what he calls, ‘…the entrepreneurial calling…” and moving with some personal ventures, that haven’t been fully disclosed as of yet.

In statements posted on Mashable earlier today, Adelson had the following to say:

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.

Along with that, Kevin Rose had the following to add:

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!

Sounds like an exciting time all around ! I see this as nothing but positive for all involved and look forward to the innovation coming from both the minds of Adelson and Rose.