Sony Interactive Entertainment CEO Jim Ryan to Retire in 2024
Sony Interactive Entertainment (SIE) has announced that CEO Jim Ryan will retire in March 2024 after nearly thirty years with the PlayStation business.
The company stated that Hiroki Totoki, President, COO, and CFO of Sony Group Corporation, will become Chairman of SIE in October 2023 to support Ryan during the transition. Effective April 1, 2024, Totoki will be appointed Interim CEO of SIE while continuing his current role at Sony Group Corporation.
Totoki will work closely with Kenichiro Yoshida, Chairman and CEO of Sony Group Corporation, and the SIE management team to define the future of PlayStation, including the succession of the SIE CEO role.
Jim Ryan Cites Challenges in Balancing Personal Life and Work Responsibilities
In his personal statement, Jim Ryan mentioned difficulties in managing his home life in Europe and work responsibilities in North America as the reason for his retirement.
After expressing gratitude for his time at Sony and the privilege of working on impactful products, Ryan stated his optimism about the future of SIE and thanked Yoshida for his trust and support.
Changes in Leadership and Future Plans
Kenichiro Yoshida, CEO of Sony Group, praised Ryan’s leadership during the launch of PlayStation 5 and acknowledged the significance of finding the right successor for the Game & Network Services business.
Hiroki Totoki, the upcoming Interim CEO of SIE, expressed gratitude for Ryan’s achievements and committed to working closely with him and the senior management team to ensure continued success and growth for PlayStation and the game industry.
Jim Ryan’s Contribution to PlayStation
Since 2019, Jim Ryan has overseen the PlayStation business, including the successful launch of PlayStation 5. With almost 20 years at the company, he previously held positions as the head of SIE’s European business and global marketing.
Throughout his career, Ryan has been known for his at times controversial statements, such as questioning the appeal of playing older PlayStation games in 2017.