PlayStation U.S. boss Jack Tretton is stepping down

One of the founding members of Japanese media giant Sony’s gaming arm in North America is walking away while the new PlayStation 4 home video game console is on top.

Sony Computer Entertainment of America president and chief executive Jack Tretton is stepping down from his position with the company at the end of March, according to Sony. He was part of the executive team that first put together Sony’s American gaming division in 1995, and he helped guide the PlayStation brand from an upstart to overthrowing Nintendo and selling more than 340 million consoles to date. A statement from Sony says the decision to not renew Tretton’s contract is mutual. Current Sony Network Entertainment International executive vice president Shawn Layden will take over as president and CEO of one of the biggest companies in the multibillion-dollar gaming industry.