LOS ANGELES (CelebrityAccess) — In the wake of a very embarrassing hacking scandal that saw the release of vast stores of private data, Sony has announced that co-chair Amy Pascal would be resigning from her position at Sony Pictures.
According to Variety, Pascal will remain with the studio in a producing role and Sony will fund her production company and retain rights for worldwide distribution of films she produces.
“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,” said Pascal in a statement. “I have always wanted to be a producer.”
Pascal is widely regarded as one of the most powerful women in Hollywood and fostered a number of commercial and critical successes for the studio over the course of her career, such as "Zero Dark Thirty," "American Hustle" and "The Social Network."
However, Pascal became a center of controversy following the hack when emails, which exposed Pascal's candid and often derisive thoughts on many of her colleagues and even after issuing a public apology, the exposure left her in a difficult position, professionally.
Sony shares rose 2.97% to $26.71 after Pascal’s departure was announced.