PlayStation exec Jim Ryan is stepping down as CEO after 30 years with the company

PlayStation exec Jim Ryan is stepping down as CEO after 30 years with the company
Nico Vergara Updated on by

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Sony Interactive Entertainment boss Jim Ryan has confirmed that he will be stepping down as CEO of the ever-popular gaming brand on April 1, 2024. Until this time, he will continue to serve as the company’s president, after which Hiroki Totoki will be appointed interim CEO. Totoki will then assist in the process of searching for a new SIE head, all while continuing his role as President, COO, and CFO of Sony Group Corporation.

This surprising development was initially revealed through an X post from Bloomberg’s Jason Schreier, wherein two separate sources apparently confirmed the SIE executive’s retirement. Afterward, another separate post from head Christopher Dring, then revealed that the reason for Jim Ryan’s sudden departure is merely because the former PlayStation CEO is retiring.

Following several minutes of chaos and farfetched speculations, Ryan then released a concise blog post detailing why he was suddenly stepping down from his position. In it, he announced his intention to retire, citing difficulties in striking “the right balance between having [his] home in the UK and [his] job in the United States.”

“I feel humbled at having the opportunity to lead a company delivering products that touch millions of lives,” Ryan continued. “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.”

Before being appointed CEO of Sony Interactive Entertainment in 2019, Jim Ryan had also held several different executive positions throughout his 30-year tenure with the company. This included President of SIEE, Head of Global Sales and Marketing at SIE, and Deputy President of SIE since January 2018. Sony Group Corporation President Hiroki Totoki and Chairman Kenichiro Yoshida have not indicated who Ryan’s replacement will be at the time of writing.