The New York Times is reporting that Paul Steiger is stepping down as Editor-in-Chief and CEO of ProPublica in January. Steiger is going to take on the role of Executive Chairman, and Stephen Engelberg, currently the site’s Managing Editor, will succeed him. Additionally, Richard Tofel, ProPublica’s General Manager, will become President. Both Engelberg and Tofel will share the CEO role.

Steiger is moving on because he believes in Engelberg and Tofel, but also because ProPublica — which launched in 2008 — is on solid ground. “It seems like the right time, and, in addition, I have two colleagues who are totally ready to take over,” Steiger explained to the Times. “The message is getting across, more people understand why for this kind of journalism, part of the solution needs to come from philanthropy.”

Each change takes effect on January 1, 2013.