Sony Entertainment CEO Michael Lynton is stepping down from his position to focus on another role: Chairman of Snap Inc.
Lynton has been a trusted adviser to Snap’s Evan Spiegel and on the board of Snapchat’s parent company since 2013. He’s now been recognised officially as chairman of the board at Snap, according to The New York Times.
“As some of you are already aware, I have been involved with Snapchat since its early days. Given Snapchat’s growth — and my growing role and responsibilities in it — I recently determined that the time was right to make a change,” Lynton said in his note to the company.
He’ll remain with Sony for the next six months to oversee the transition. Snap declined to comment.
Lynton’s close ties with Snapchat were infamously exposed following the Sony hack in December 2014. Lynton’s leaked emails exposed the inner-workings of the secretive company, including the unannounced acquisition of Vergence Labs which became the basis of Snap’s recently released Spectacles smart glasses.
NOW WATCH: The fabulous and charmed life of 26-year-old self-made billionaire, Snap CEO Evan Spiegel
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.