Jim Walton has announced that he will step down as President of CNN Worldwide at the end of this year. He will continue in his current role until that time.

Walton’s decision has the support and respect of Turner Broadcasting CEO Phil Kent. Kent will lead the search for Jim’s successor.

Walton said in his note to staff, “CNN needs new thinking. That starts with a new leader who brings a different perspective, different experiences and a new plan, one who will build on our great foundation and will commit to seeing it through. And I’m ready for a change. I have interests to explore and I want to give myself time to do it.”