(Reuters) -Sony Pictures Entertainment CEO Tony Vinciquerra will step down from his role at the beginning of next year and will be succeeded by COO Ravi Ahuja effective Jan. 2, 2025, the company said in a statement on Tuesday.

Vinciquerra, who joined SPE in 2017, will remain in an advisory role for SPE as non-executive chairman until the end of December 2025.

He was involved in making decisions including divesting in most of the company’s cable networks and the Crunchyroll acquisition in 2021, the company said.

Ahuja joined SPE in 2021 to oversee the production businesses, which has produced several award-winning series, including The Crown, The Boys, Better Call Saul, Shark Tank, The Last of Us and many more.

(Reporting by Lisa Richwine and Harshita Meenaktshi; Editing by Devika Syamnath and Alan Barona)