Sony announced today that Jim Ryan, the President and CEO of Sony Interactive Entertainment (SIE), will retire from the company starting March 2024.
In a press statement, Ryan cited the difficulty of living in Europe and working in North America as one of the reasons for stepping back from the role.
“After 30 years, I have made the decision to retire from SIE in March 2024. I’ve relished the opportunity to have a job I love in a very special company, working with great people and incredible partners,” he said. “But I’ve found it increasingly difficult to reconcile living in Europe and working in North America. I will leave having been privileged to work on products that have touched millions of lives across the world; PlayStation will always be part of my life, and I feel more optimistic than ever about the future of SIE. I want to thank Yoshida-san for placing so much trust in me and being an incredibly sensitive and supportive leader.”
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Hiroki Totoki, President, COO and CFO at Sony Group Corporation, will become the chairman of SIE starting next month to “support Mr. Ryan in his transition”, as well as work closely with Sony Group Corporation Chairman and CEO Kenichiro Yoshida to find the successor to the SIE CEO role.
Jim Ryan’s retirement comes at a peculiar time for the company. He became the CEO of SIE in 2019 and helped launch the PS5, which went on to sell more than 40 million units so far. He also introduced PlayStation’s grand plan of diverging into multiplayer games based on its current IPs and bought Bungie to help navigate the process.
While we do not see his successor changing the plans too much, it will be interesting to see how they execute it moving forward.
Mufaddal Fakhruddin has been writing about games and technology for the past 15 years. He has lost count as to how many reviews he has written over the years, but he is sure headphone reviews make up at least 70% of that.