Doug Belgrad is leaving his post as president of Sony Pictures Motion Picture Group, an individual familiar with the decision told TheWrap.
Belgrad has been an employee at the studio since 1989. His next venture is currently unknown, though he is expected to move into a producing role.
A Sony Pictures representative declined to comment.
Belgrad, 50, was promoted to second in command of the film group in 2014. He was widely considered a frontrunner to replace Amy Pascal as Motion Picture Chairman when she exited the post last year following the devastating hack of Sony’s computers in late 2014.
But Sony Entertainment CEO Michael Lynton instead brought in former Fox executive Tom Rothman for the studio’s top job, leaving Belgrad in place as No. 2.
The news comes one day after the bombshell announcement that Sony Pictures Television Chairman Steve Mosko would not renew his contract and is departing the highly profitable division by the end of this year.
Belgrad was hired by Columbia Pictures in 1989 into its executive training program and worked his way up from there. He became co-president of production at Columbia in 2003 and president in 2008 — which he maintained in addition to the entire motion picture group.
The executive made big impression in the ’90s with projects like Will Smith‘s “Men in Black” and Adam Sandler‘s “Big Daddy.” He also shepherded “Bad Boys,” “Hitch,” and the “Grown Ups” films, as well as next month’s female-led reboot of “Ghostbusters.”