Ted Price, founder and president of Insomniac Games, is retiring from the company he started in 1994. The news comes via an announcement on Sony’s website.
Price is set to leave his position in March after 31 years.
“I actually made this decision last year,” he said. “For me, after over 30 years of leading Insomniac, I felt it was simply time to step aside and let others pave the way for our team.
“During the past year, I had the opportunity to work with the senior leadership team at Insomniac to create a succession plan that I know will provide the continuity, stability and strong leadership necessary to deliver more of what our fans cherish over the next several decades.”
With Price leaving the company, Insomniac Games will be lead by three new Co-Studio heads: Chad Dezern, Ryan Schneider, and Jen Huang.
“I believe strongly that for us to continue our success, we need leaders at the top who are intimately familiar with how we do things, leaders who have helped build our culture and our processes, and who have earned people’s trust,” Price said.
“There is no way that I would ever consider handing the reins to a team I didn’t trust to take care of Insomniacs and lead us to even greater heights. Chad, Jen and Ryan are that team. For those who may not be familiar, please take a moment to get to know them here.”
In a statement on the official PlayStation blog, Dezern, Schneider, and Huang expressed gratitude for the opportunity to head the studio moving forward.
“Our shared intention is to preserve what has made Insomniac special for 30-plus years while exploring how we can strategically evolve to succeed for decades to come,” they said. “We’ll continue prioritizing our studio culture, built around transparency and collaboration. We strive for a workplace where employees can do the best work of their careers.”
First started in 1994 as Xtreme Software, Insomniac Games is known for franchises such as Spyro the Dragon, Ratchet & Clank, and, more recently, the Marvel Spider-Man games. The studio is currently working on a number of projects, including Marvel’s Wolverine. Insomniac was acquired by Sony in 2019.
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