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.

Read more from Reuters.