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Co-founder and CEO of MySpace, Chris DeWolfe, will soon be stepping down from his executive role at the company.

There is little information on the reasons behind Chris's departure other than the following internal email that was leaked on the web.

This email was sent to Fox Interactive employees by Jonathan Miller, News Corp CEO Digital Media.

To FIM Employees:

I am writing to share the news that MySpace CEO Chris DeWolfe will be stepping down from his executive role in the near future. He has agreed to serve as a strategic advisor to the Company and will remain on the board of MySpace China.

In addition, I am currently in discussions with MySpace President Tom Anderson regarding his role within the organization.

I want to take this opportunity to thank them both for their incredible contributions to the Company, and for pioneering one of the greatest social media revolutions of our time. I wish Chris nothing but the best in any new endeavors and, like many in this industry, am eager to witness his next innovations.

I understand the importance of having a dynamic, inspiring and innovative management team, and am dedicated to ensuring that MySpace continues to benefit from the highest levels of passion and enthusiasm.

I also want to thank everyone across FIM for giving me the opportunity to work with all of you. With MySpace, IGN, Photobucket, Fox Audience Network and our Digital Publishing Group, this is an exciting collective of properties and I’m enthusiastic about the opportunities that lie ahead.

I hope to meet and work closely with many of you over the weeks and months to come.

Best regards,
Jonathan Miller

If anyone has any other details to share, please spill.