Audible founder Don Katz will turn over the position of CEO to former IDG and Dun & Bradstreet executive Bob Carrigan on January 2. Carrigan will assume day-to-day operations for Audible’s global operations, while Katz will transition to executive chairman.

In making the announcement, Katz said in a release he has known Carrigan for years and admired his work at IDG and D&B. “I have watched [Carrigan] positively disrupt institutional status quos to measurable and lasting effect,” Katz said. “I could not be more thrilled that the stars have aligned to allow him to join the Audible adventure full-time.”

Katz founded Audible in 1995 and sold it to Amazon in 2008. In his new role as executive chairman, he will work closely with Carrigan on overarching strategies, while also focusing on Audible’s global content strategy and social and public policy objectives in Newark, where Audible is based, as well as at other company locations.