Hollywood Reporter:

Ed Catmull, who co-founded Pixar along with Steve Jobs and John Lasseter and in doing so revolutionized the animation industry, is retiring after a ground-breaking five-decade career, during which he has been involved with dozens of hit films from Toy Story to Frozen to this year’s Incredibles 2.

Catmull, who acts as president of both Walt Disney and Pixar Animation Studios, will step down from his current roles at the end of this year, according to a Disney announcement on Tuesday, and then stay on as an adviser through July 2019 before formally retiring.

End of an era. If you are at all a fan of Pixar, I strongly suggest reading Catmull’s brilliant book, Creativity Inc.

Side note, Steve Jobs did invest a large chunk of change and became the majority shareholder, and John Lasseter came along later on. Check the Pixar Wikipedia page for the history details.