He will leave at the end of March

After nearly two decades with the company, Sony Computer Entertainment America (SCEA) president and CEO Jack Tretton is stepping down.

According to Forbes, Tretton will leave at the end of March. Starting April 1, executive VP and COO of Sony Network Entertainment International Shawn Layden will take over Tretton's position. 

The reason for Tretton's sudden departure? SCEA and Tretton reportedly were unable to renew their contractual relationship.

"Working at SCEA for the past 19 years has been the most rewarding experience of my career," said Tretton. "Although I will deeply miss the talented team at SCEA and the passion demonstrated every day by our fans, I’m very excited about starting the next chapter of my career. I want to thank the employees, partners and customers for their tireless commitment to the PlayStation brand and, of course, to our fans who have pushed us to new heights of innovation and entertainment over the past two decades. I leave PlayStation in a position of considerable strength and the future will only get brighter for PlayStation Nation."

Jack Tretton [SOURCE: Wired]

Tretton joined SCEA in 1995 and has been an important part of the PlayStation brand in North America. He's been around since the original PlayStation console, and subsequently saw the release of the PS2, PS3 and the most recent PS4 console. 

The PS4 has seen a successful launch, with the console passing 6 million sales globally just earlier this week. It was released in November 2013. 

Last month, PlayStation SVP Guy Longworth said January PS4 sales nearly doubled the "nearest next gen competitor," which points to the Xbox One. 

It's hard to say which console will win on hardware sales from here. On one hand you have the PS4, which is $100 cheaper and was recently released in Japan, likely offering a big sales boost. On the other, you have the popular "Titanfall" game coming to Xbox One in March, which could prompt those who have been on the fence about buying the console to take the plunge.

Source: Forbes

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