Jim Safka Out as CEO of Chegg.com

Chegg.com has been busy lately. Recently, the company set a new Guinness World Record on the UCLA campus. Now Chegg.com has lost its CEO.

Image: Chegg.com

Jim Safka announced that he’s stepping down from the CEO position to accept a role as a consultant. Safka explains that the move is to free up more time with his family.

“Due to the extraordinary demands of Chegg over the last several months and exceptional growth, the work required of the CEO of the next 12-18 months has compacted into a much shorter period of time,” explained Safko. “Given my personal priorities and family desires, I have decided to pass the reigns to a new CEO but look forward to consulting with Chegg on marketing.”

Chegg.com, launched in 2007, is a company that allows people to rent textbooks online. The site has nearly 2.4 million textbook titles and is available at more than 6,000 colleges across the United States.