Jim Ryan, the President and Chief Executive Officer of Sony Interactive Entertainment, has announced his retirement. The move seems relatively unexpected given PlayStation and the PS5’s continued financial success. In a brief statement on the PlayStation Blog, Ryan simply thanks fans and the organization.
As you will have seen today in the news , I have announced my retirement after nearly 30 years at Sony Interactive Entertainment. I did not take this decision lightly and I absolutely love SIE and our community, but of late I’ve been finding it increasingly difficult to strike the right balance between having my home in the UK and my job in the United States. As mentioned in the press release, I will continue my role as President and CEO until March 2024. Effective April 1, 2024, Hiroki Totoki will be appointed Interim CEO of SIE while he continues his current role at Sony Group Corporation.
I feel humbled at having the opportunity to lead a company delivering products that touch millions of lives. From award-winning games to the incredibly immersive technical achievements delivered with PlayStation 5, I’m immensely proud of what we have achieved and very optimistic for the future of Sony Interactive Entertainment.
From my beginning in Europe, it was clear that Sony had built something truly special. Generations later I am still amazed by the excitement and passion of the PlayStation community. It is thanks to you that we have been able to keep innovating and delivering even greater experiences. Since 1994, generations of gamers have inspired us to be better, to push the boundaries, and the results have been incredible.
Thank you from the bottom of my heart.
Ryan will serve as CEO through April 1, 2024 likely to close out the fiscal year. He will be succeeded temporarily by Hiroki Totoki until a long-term replacement can be named.