Jack Tretton the President & CEO of Sony Entertainment Of America (SCEA), announced this week he will be stepping down from his role at Sony America. Tretton joined Sony in March 1995, and was part of the team that was responsible for the Sony PlayStation Console. In November of 2006, Tretton was promoted to president & CEO of Sony Entertainment of America. Tretton presented the Sony E3 conferences from 2007-2013.

Tretton released this statement:
“Working at SCEA for the past 19 years has been the most rewarding experience of my career. Although I will deeply miss the talented team of SCEA and the passion demonstrated everyday 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.”

It is unclear why Jack Tretton is parting ways with Sony, but both sides has stated that is was a “mutual agreement”.

Sony also release a statement saying “This is a result of a mutual agreement between Mr. Tretton and SCEA not to renew their contractual relationship,”

Sony said in a statement. “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,” Layden said. “SCEA is committed to delivering breakthrough gaming experiences that inspire fans and exceed their wildest expectations. As PS4 shows us every day, there has never been a better time to be part of the PlayStation community and I look forward to working with our retail, development, publishing, and network partners to further demonstrate why PlayStation is the best place to play.”

Sony Computer Entertainment president and Group CEO Andrew House added a statement of his own, thanking Tretton for his contributions to the company and welcoming Layden to the group.

“I’ve worked with Jack for nearly two decades and I want to personally thank him for his leadership and the considerable contributions he’s made to the SCEA business and PlayStation brand over the years. I wish him nothing but the best in his future endeavors,” House said. “I also want to welcome Shawn to the Sony Computer Entertainment America team. I have the utmost confidence in Shawn’s leadership capabilities, and his deep knowledge of the gaming industry and commitment to gamers, will help keep PlayStation at the forefront of entertainment and innovative gameplay.”

Sony Network Entertainment International (SNEI) VP and COO Shawn Layden will become CEO of SCEA effective April 1, 2014.