Daily fantasy sports operator FanDuel has a new chief exec after co-founder Nigel Eccles announced his intention to ride off into the sunset.

On Monday, FanDuel confirmed a long-percolating rumor that Eccles was leaving the company he co-founded in 2009 to “focus on his next venture.” FanDuel’s former chief financial officer, Matt King, has returned to the fold and stepped into Eccles’ CEO shoes effective immediately.

Eccles had kind words for King, saying he couldn’t imagine “a better individual to steer FanDuel forward.” King called it “an incredible honor” to be welcomed back to the company, and hailed Eccles for having “built one of the most disruptive companies in the sports world.”

The 42-year-old Eccles offered further details via his Twitter feed, saying he was “excited but a little sad” to be leaving his baby after “an amazing 8 years.” Eccles also offered more insight into the scope of his next venture, saying he was “building something awesome in eSports.”