Cate Blanchett and husband Andrew Upton will step down as co-artistic directors of the Sydney Theater Company when their contracts end in 2013.

STC has denied a report in a Sydney newspaper that the company decided not to renew the contracts with the duo, whose tenure has given a major boost to STC’s international profile.

“As they announced at the launch of the 2012 season, it was always their intention to stay for two terms,” said STC chairman David Gonski. “We asked Cate and Andrew to stay on but we respect their decisions to leave in two years’ time to pursue other professional interests.”

The pair will gradually hand over the reins ahead of the 2014 season, freeing them for other projects after a successful six years at the STC. Their tenure included internationally touring shows “A Streetcar Named Desire” and “Gross und Klein,” both starring Blanchett.

The couple’s time at the theater also encompassed environmental initiatives, closer ties with the U.K. and a turnaround in the STC books.