Sony recently released a statement informing that the Sony Interactive Entertainment (SIE) President and CEO, Jim Ryan, will be stepping down from his position and retiring in Q1 2024. According to the statement, his retirement will occur in March next year. Following this statement, the Japanese corporation also mentioned that COO and CFO Hiroki Totoki will support the transition as Chairman of SIE, effective April 1, 2024.
Totoki will be appointed Interim CEO of the SIE while continuing his current position at the Sony Group Corporation. The official Sony blog post also mentioned that Totoki will be working closely with the Sony Group Corporation Chairman and CEO Kenichiro Yoshida and the management team of SIE. At the same time, he helps define the next chapter of PlayStation's future.
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PlayStation CEO Jim Ryan to Retire from his position in Q1 2024
Jim Ryan recently stated that he has struggled to balance his home and work life between Europe and North America. After 30 years in the company, he decided to retire from SIE in the coming year. While he stated that his experience working with wonderful people and incredible partners has been amazing, he still found it increasingly difficult to balance his work and home life.
In a statement from the upcoming Interim CEO of the SIE, Hiroki Totoki expressed his gratitude to Jim Ryan, commending him for his outstanding achievements and contributions over the past 30 years—a period very few people have achieved in his position. Ryan was also a massive part of the corporation during the launch of the recent PlayStation 5, a console that fans will praise for generations to come.
Ryan has been positively overseeing the PlayStation business since 2019. Moreover, he has also worked at Sony's PlayStation division for 20 years. With all the given experience, the British executive has nonetheless been an asset to the corporation. With a giant like him stepping down, it is yet to see how Sony shapes its future.