Jack Tretton is stepping down as president and CEO of Sony Computer Entertainment America (SCEA). His last day will be March 31st. According to the announcement, this was a "mutual agreement... not to renew their contractual relationship." Replacing Tretton will be Shawn Layden, currently EVP of Sony Network Entertainment International.

Tretton has been with SCEA since its inception in 1995, helping to launch every PlayStation console to date. "Working at SCEA for the past 19 years has been the most rewarding experience of my career," Tretton said in a press release. "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."

Layden is one of the founding members of Sony Network Entertainment, which started in 2010. He previously worked as a producer in SCEI in Japan before becoming president of SCEJ. "It's an honor and privilege to join Sony Computer Entertainment America and be a part of the team that is leading the next generation of gaming and entertainment," said Layden. "SCEA is committed to delivering breakthrough gaming experiences that inspire fans and exceed their wildest expectations."