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

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.

In the jointly written blog post, the three said: "Sharing the news that Ted is retiring from Insomniac Games is still just as emotional to type as it has been to think about. The three of us – Chad,

Chad Dezern, Ryan Schneider and Jen Huang will be stepping up as Insomniac Games' new co-studio heads when Price steps away from leading the studio after 30 years.

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.

After more than 30 years at Insomniac Games, CEO Ted Price has announced his retirement from the video game industry. He’ll officially leave the company at the end of March and will be succeeded by a trio of co-heads.