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Adam Goodman will leave his job as president of Paramount Pictures Film Group in a major studio shakeup, Variety has confirmed.

There’s still a year left on Goodman’s current pact, but nonetheless, sources say, his departure is rapidly approaching. Insiders say that Paramount is currently reviewing its creative organization. It’s not clear who will replace Goodman.

A Paramount spokeswoman said the company does not comment on employee matters.

Goodman has been at the studio since 2008 and played a vital role in shepherding a number of key projects to the screen, such as their recent “Teenage Mutant Ninja Turtles” reboot, “Mission:Impossible – Ghost Protocol” and the “Paranormal Activity” franchise.

Last summer brought about “Transformers: Age of Extinction,” the highest-grossing film at the global box office. However, Paramount has scaled back the number of films it produces annually, which has caused its market share to shrink. Last year, it had the sixth largest share of the overall domestic box office pie, behind its major studio rivals.

This year, Paramount had a hit with “The SpongeBob Movie: Sponge Out of Water,” which has grossed more than $200 million globally, and did respectable business with the Civil Rights drama “Selma,” but it has faltered with “Project Almanac” and “Hot Tub Time Machine 2.”

Goodman began his career in movies while still in high school, working as a production assistant on “Home Alone” producer John Hughes’ films. He later joined DreamWorks as an assistant, rising up the ranks to become president of production.

TheWrap first reported Goodman’s exit.

Justin Kroll contributed to this report.