Kathleen Kennedy is stepping down as president of Lucasfilm after 14 years, the studio announced Thursday, marking the end of an era for the company that produces the Star Wars franchise. Kennedy, handpicked by George Lucas to lead the company in 2012 when Disney acquired it, will transition to a full-time producer role.

During her tenure, Kennedy spearheaded the reboot of the Star Wars saga, overseeing the release of five feature films that collectively grossed over $5 billion. While she presided over successes like "The Force Awakens," she also navigated the franchise's first box office disappointment with "Solo: A Star Wars Story." Her leadership was instrumental in expanding the Star Wars universe, extending its reach across various platforms and mediums.

Dave Filoni, known for his extensive work on Lucasfilm's animated series, will assume the role of president and chief creative officer, working alongside co-president Lynwen Brennan. Filoni acknowledged Kennedy's role in overseeing the "greatest expansion" in Star Wars storytelling.

Kennedy's departure signifies a pivotal moment for Lucasfilm, a studio that has become a cornerstone of Hollywood's blockbuster landscape. Her influence extended beyond the Star Wars franchise, encompassing the Indiana Jones series as well. Her ability to balance honoring the legacy of these iconic properties while introducing new narratives and characters has been a defining characteristic of her leadership.

The transition comes at a time when the entertainment industry is undergoing significant shifts, with streaming services and evolving audience preferences reshaping the landscape. Filoni's appointment signals a continued commitment to expanding the Star Wars universe, leveraging his deep understanding of the franchise's lore and his experience in animation to chart a course for the future. The move also highlights the importance of creative leadership in maintaining the cultural impact and audience appeal of major franchises.