Bungie’s veteran CEO Pete Parsons is leaving the company

Bungie CEO Pete Parsons has announced that he’s leaving the Halo developer after working at the studio for more than two decades. In Parsons’ place, Justin Truman, a general manager on Destiny 2 and Bungie’s chief development officer, is taking over as studio head.

“After more than two decades of helping build this incredible studio, establishing the Bungie Foundation and growing inspiring communities around our work, I have decided to pass the torch,” Parsons shared in a statement on Bungie’s website. “Today marks the right time for a new beginning. The future of Bungie will be in the hands of a new generation of leaders, and I am thrilled to announce that Justin Truman will be stepping into leadership as Bungie’s new studio head.”

Parsons oversaw Bungie during a consequential period in the studio’s history. Bungie started publishing its own games under his leadership, ending a longterm publishing deal with Activision that helped get Destiny released. Parsons also played a role in the studio’s $3.6 million acquisition by Sony, which placed Bungie at the center of plans to develop live-service games for the PlayStation — a move that hasn’t really paid off so far.

Bungie has faced notable difficulties since coming under Sony ownership. The studio’s relative independence did nothing to spare it from having to lay off 220 employees in 2024. Developing Bungie’s next game, Marathon, has also seemed like an uphill battle. The game was delayed indefinitely earlier this year following the discovery that the alpha version of Marathon used stolen art assets.

Truman’s new leadership role suggests Destiny 2 will remain a going concern for Bungie. It might also signal a new relationship with Sony and PlayStation Studios. During a recent earnings call, Sony CFO Lin Tao said Bungie would be less independent in the future, and eventually “become part of PlayStation Studios,” PC Gamer reports.