Longtime Bungie Boss Pete Parsons Announces Departure After Two Decades

Pete Parsons, the longtime CEO of Bungie, has announced his departure from the studio after over two decades. Parsons joined Bungie in 2002 and served as COO before being promoted to CEO in 2016. In his departure statement, Bungie called his tenure "the honor of a lifetime" and praised his leadership. Parsons endorsed Justin Truman, the Chief Development Officer, as his successor to lead Bungie forward. The news comes amid reports that Bungie will lose its independence and fully integrate into PlayStation Studios. Bungie's upcoming game, Marathon, was previously slated for release in September but has been delayed indefinitely. The early buzz for Marathon has been compared to Concord, a failed live-service shooter that was pulled by Sony just weeks after its release. However, Sony has since recommitted to live-service titles, and the company's CFO believes Marathon will be released before the end of Sony's fiscal year in March 2026.