Sony Pictures’ Amy Pascal has stepped down as co-chair of Sony’s movie studio following a debilitating cyber attack last year.
Ms Pascal will start a production company that will launch in May 2015.
She had been criticised for certain revelations that came as a result of the leaked emails.
Last month, Sony condemned the “vicious” attack, which led it to suspend the release of the film ‘The Interview’.
“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 Ms Pascal in a statement.
She added that her transition to a production role had been discussed “for some time”.
As part of the agreement, Sony will fund her production company for at least the next four years, and it will retain distribution rights.
Sony did not immediately name a successor to Ms Pascal, leaving Michael Lynton as the sole head of one of Hollywood’s biggest production studios.
Ms Pascal was one of the highest profile Sony names whose emails were leaked as part of the hack.
She reportedly commented on the viewing habits of President Barack Obama in a derogatory manner in an email to producer Scott Rudin, implying he would like only movies that featured African-Americans.
Ms Pascal and Mr Rudin both subsequently apologised for the emails.