Insomniac Games founder and CEO Ted Price is stepping down from his role atop the Sony Interactive Entertainment-owned studio after more than 20 years running the company behind PlayStation’s “Ratchet & Clank” franchise and “Marvel’s Spider-Man” games.

Insomniac Games CEO Ted Price will retire from the games industry at the end of March after 30 years, he announced. Studio veterans Chad Dezern, Ryan Schneider, and Jen Huang will become Insomniac

A change-up is happening at Insomniac Games as the founder and CEO, who has been in the role for more than 30 years, is stepping down.

After three decades at the helm, Insomniac Games founder and president Ted Price has announced he’s retiring. Price will officially step away at the end of March, and he’s being replaced by three new studio heads who will take over Insomniac moving forward.

Insomniac Games founder and president Ted Price has announced that he’s retiring. Having founded the Spider-Man and Ratchet & Clank studio in February 1994, Price will leave the games industry in March. Following his departure, Insomniac veterans Chad Dezern, Ryan Schneider and Jen Huang will serve as co-studio heads.

After Ted Price's departure, Insomniac names a trio of veterans to take over the leadership of the company.

Insomniac Games founder and CEO Ted Price announced he is retiring from the games industry at the end of March. As a result, Price also revealed the studio’s new Co-studio Heads, who will lead their future projects.

Ted Price, the CEO and founder of Insomniac Games, has stepped down after more than 30 years with the company in order to retire from the industry.