Amy Pascal Stepping Down as Sony Co-Chairman Following Hacking Scandal
On Thursday, the 56-year-old announced that she will be stepping down as the studio’s co-chairman, a post she’s held since 2006.
But her next job won’t be too far from her old coworkers.
Pascal is expected to transition to a new venture — producing — with the studio in May 2015, a move that The Hollywood Reporter notes is quite common with “ousted studio heads.”
“I have spent almost my entire professional life at Sony Pictures and I am energized to be starting this new chapter based at the company I call home. I have always wanted to be a producer. Michael and I have been talking about this transition for quite some time, and I am grateful to him for giving me the opportunity to pursue my long-held dream and for providing unparalleled support. As the slate for the next two years has come together, it felt like the right time to transition into this new role. I am so grateful to my team, some of whom I have worked with for the last 20 years and others who have joined more recently. I am leaving the studio in great hands. I am so proud of what we have all done together and I look forward to a whole lot more.”
“Michael” is Michael Lynton, Sony Entertainment CEO, who notified staff of Pascal’s departure via e-mail:
“I am happy to say that Amy’s decision is not the end of her relationship with the studio but the start of a new and exciting chapter in her extraordinary career that promises to be mutually beneficial. She can refocus her career on her first great love — filmmaking — and SPE can continue its association with an extremely talented and valued associate. Her decision has the full support of Kazuo Hirai.”
[Statements via THR]
Pascal’s move comes just a few short months after the studio suffered a major setback when hackers revealed more information than Hollywood could ever prepare for, including actors’ salaries and shocking e-mails between Pascal and other Sony execs.