Adding to the growing pile of resignations and upper-echelon members of the technology industry is the rumor that Federal Communications Commission Chairman, Julius Genachowski, will announce he will step down from his position.

The news is coming from an FCC official, who says Genachowski is stepping down from the agency after a four-year term that saw him focus on improving Internet access across the United States. The FCC chairman told FCC staff of his plans earlier today, according to an industry source. His exit from the FCC has been rumored for weeks, with his term set to expire in June.

Possible replacements for Genachowski are Lawrence Strickling, the head of the National Telecommunications and Information Administration, Karen Kornbluh, the recent ambassador for the Organization for Economic Cooperation and Development, and finally, Blair Levin, who is a former FCC staff member and now industry analyst.