Chairman Amy Pascal to step down following Sony hacks

In an announcement that has been widely expected since Sony was hacked several months ago, chairman Amy Pascal will step down from her top role at the company.

The Hollywood Reporter has a comprehensive rundown of Pascal's career at Sony Pictures, which began in 1988. She was personally responsible for a vast array of duties, and sheperded dozens of successful movies and franchises, including Spider-Man and the rebooted James Bond series that began with Casino Royale, along with major Oscar contenders like The Social Network and American Hustle.

Several months ago, Pascal became the most visible Hollywood executive impacted by the hack when several internal email exchanges were leaked and posted, including a heated debate over a Steve Jobs biopic and an off-color joke about President Obama. In a statement, Sony Entertainment CEO Michael Lynton praised Pascal's "resilience and grace" during the hacks.

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Though she's vacating the chairman role, Pascal will remain with Sony, spearheading a new production venture based in Culver City, California.