According to a report by Puck News, Lucasfilm president Kathleen Kennedy is contemplating stepping down by the end of 2025, marking the end of her current contract. Initially, Kennedy had considered retiring in 2024 but chose to delay her decision. While Variety has cited a source close to Kennedy dismissing Puck's report as "pure speculation," The Hollywood Reporter has corroborated Puck's story, adding credibility to the news.

Kennedy joined Lucasfilm in 2012, initially serving as co-chair alongside George Lucas before taking over as president following Lucas's departure. Under her leadership, Lucasfilm has navigated through the production of the Star Wars sequel trilogy, including Episodes 7-9, and spearheaded the franchise's expansion into streaming with successful series like The Mandalorian, The Book of Boba Fett, Andor, Ahsoka, Skeleton Key, and more. While some projects like "Star Wars: The Force Awakens" have been major successes, others, such as "Solo: A Star Wars Story," have faced financial challenges at the box office.

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Kennedy's potential departure raises questions about the future of several announced and rumored projects, including new films from directors James Mangold, Taika Waititi, and Donald Glover, as well as an untitled Rey movie that has yet to fully take shape. The upcoming slate of Star Wars projects includes "The Mandalorian & Grogu" and a new trilogy from Simon Kinberg.

Before her tenure at Lucasfilm, Kennedy co-founded Amblin Entertainment with Steven Spielberg and Frank Marshall. Her illustrious career includes producing iconic films such as E.T., Jurassic Park, Back to the Future, and other 90s classics, earning her eight Academy Award nominations for Best Picture.