Skrenta Steps Down at Topix

Rich Skrenta, CEO of news aggregator and local search site Topix since its launch five years ago, is stepping down from his position, but retain a seat on Topix's board. He'll be succeeded by Chris Tolles, who has been VP of marketing at Topix since 2004, and who worked with Skrenta to build the Open Directory Project before selling it to Netscape in 1998.

Earlier this year, Topix revised its news aggregation model to become more of a citizen journalism site.

You can read more about Skrenta's decision on his blog.