According to Price, the succession process has been in the works for a while. “I actually made this decision last year,” he explains. “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.

Thirty years after founding Insomniac Games, Ted Price is stepping down as the developer's CEO to retire. Price mentioned that he made the decision last year, informing his team last week before making a public announcement today.

Ted Price has confirmed his retirement from the company he founded in 1994. He was responsible for the birth of several key franchises.

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.

Insomniac Games founder and president Ted Price will be stepping down and enjoying a long retirement. Three developers will lead the studio.

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.

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.

They are 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,

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.