John Smedley has stepped down as president and CEO of Daybreak (formerly Sony Online Entertainment), the developer has confirmed to GamesBeat.

"I can confirm that John Smedley will be taking some time off from the company for the near-term and transitioning to a different role to be determined," a spokesperson for Daybreak told the site. "Upon finalization of his plans, further communication will be provided."

Current COO Russell Shanks will step in as the new president of the company.

Smedley recently hit the headlines after threatening to sue Julius Kivimaki, a member of the cyber crime group Lizard Squad. Smedley was on-board a plane which was grounded after a bomb threat was made by the group.

Kivimaki was convicted of more than 50,000 computer-related offences, but faced no jail time. Smedley reacted on Twitter by stating he was "coming for" Kivimaki. This put Daybreak in the firing line, and on July 9 Lizard Squad launched a DDoS attack on Daybreak's servers.

Source: VentureBeat

Carry on the conversation on the VideoGamer forums!