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Sony Group Corporation announces PlayStation CEO Jim Ryan’s retirement in March 2024, heralding a transition to new leadership under Hiroki Totoki.
Ryan is currently working as Sony Interactive Entertainment LLC’s (SIE) president and chief executive officer, but he decided to retire in March next year. He will exit after being with the company for 30 years - mostly leading Sony’s PlayStation business.
Jim Ryan’s Tenure at Sony Corporation
The Sony Group confirmed the upcoming retirement of Ryan on Wednesday, Sept. 27. As per CNN Business, Totoki will assume the role of SIE CEO next month to ensure a smooth leadership transition.
It was in 1994 when Ryan first joined SIE. He became the video game company’s chief executive officer in 2019. Before this, he held various senior executive roles at the company, including SIE’s chairman of global sales and marketing, SIE Europe’s president, and deputy president of the company. He led the introduction of PlayStation 5, which Sony said is the most successful version yet in the history of PlayStation.
New Management of PlayStation Business
Reuters reported that Hiroki Totoki will take over as interim CEO and may be in this position for a year. The company’s spokesperson said there is also a possibility that Sony may already appoint a permanent chief by the time Ryan retires.
“Jim Ryan has been an inspirational leader throughout his entire period with us, but never more so than in overseeing the launch of PlayStation 5 in the midst of the global COVID pandemic,” Sony’s CEO since 2018, Kenichiro Yoshida, said in a press release. “That extraordinary achievement made by the entire SIE team has been steadily built on and PlayStation 5 is on track to become SIE’s most successful console yet. I’m immensely grateful to Jim for all his achievements.”
Yoshida added, “Respecting Jim’s decision to finish his long career at Sony leaves me with an important decision regarding his succession given the significance of the Game & Network Services business. We have discussed intensively and have determined the new management structure.”
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