PlayStation boss to step down

Sony Corp. said on Thursday the chief executive and president of its North American video game operations, Jack Tretton, who has played a crucial role in increasing its PlayStation business, will step down at the end of March.

A Reuters report cites a statement from the company, stating he stepped down following a mutual agreement to "not renew their contractual relationship."

The division's executive vice president and chief operating officer, Shawn Layden, will succeed Tretton starting on April 1, Sony said.

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