PlayStation CEO Jim Ryan has announced that he will be stepping down and retiring from Sony in March 2024 after 30 years at the company. Ryan overlooked the launch of the PS5 with the Head of PlayStation Studios Hermen Hulst. He cited difficulties balancing his personal life in Europe and work in North America as one of the key reasons for his departure.
Sony released an official statement confirming that Ryan will be stepping down as Sony Interactive Entertainment president and CEO in March 2024. Sony COO and CFO Hiroki Totoki will assume the role of interim CEO of SIE from 1 April 2024 as the company searches for a new CEO to step into the role.
Sony’s statement on Ryan’s exit from the company reads:
“Sony Interactive Entertainment (SIE) today announced that SIE President and CEO Jim Ryan has made the decision to retire in March 2024 after almost thirty years with the PlayStation business. To support Mr. Ryan in his transition, Sony Group Corporation President, COO and CFO Hiroki Totoki will assume the role of Chairman of SIE effective October 2023. Effective April 1, 2024, Mr. Totoki will be appointed Interim CEO of SIE while he continues his current role at Sony Group Corporation.”
“Mr. Totoki will work closely with Sony Group Corporation Chairman and CEO Kenichiro Yoshida and the management team of SIE to help define the next chapter of PlayStation’s future, including the succession of the SIE CEO role,” continues the statement.
Ryan released his own statement talking about the difficulties of juggling his home life in Europe and work life in North America:
“I’ve relished the opportunity to have a job I love in a very special company, working with great people and incredible partners. 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.”