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Jack Tretton stepping down as president of Sony Computer Entertainment America

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At the end of March, Sony Computer Entertainment America president and CEO Jack Tretton will be stepping down from his position after nearly two decades with the company. According to SCEA, the decision was made after Tretton and the company were unable to "renew their contractual relationship." Starting April 1st, Shawn Layden, currently executive VP and COO of Sony Network Entertainment International, will take over his position.

"I leave PlayStation in a position of considerable strength."

Tretton has long been one of the most prominent faces of the PlayStation brand in North America, having been part of SCEA since the company's inception in 1995. He was part of the founding executive team and helped launch every major PlayStation device, dating back to the original console. "Working at SCEA for the past 19 years has been the most rewarding experience of my career," Tretton said in a statement. Tretton's departure comes at an interesting time for PlayStation — while the Vita handheld continues to struggle, last year's launch of the PlayStation 4 has largely been successful, with the console routinely outselling the Xbox One in its first few months of existence.

"I leave PlayStation in a position of considerable strength," says Tretton.