Sony Interactive Entertainment (SIE) announced today that its President and CEO, Jim Ryan, will retire in March 2024 after nearly three decades with the PlayStation brand. Hiroki Totoki, currently serving as President, COO, and CFO of Sony Group Corporation, will take on the role of Chairman of SIE from October 2023 and will be appointed Interim CEO of SIE from April 1, 2024, while maintaining his existing role at Sony Group Corporation.
In a statement shared by Jim Ryan, he expressed his gratitude for the opportunity to work with the company and shared his optimism about the future of SIE. He cited the difficulty of managing work-life balance between Europe and North America as a factor in his decision to retire.
Jim Ryan thanks the PlayStation community as he announces his plans to retire from Sony Interactive Entertainment in March 2024: https://t.co/FFarEpedBh
— PlayStation (@PlayStation) September 27, 2023
As technology and competition rapidly advances it will be interesting to see how this change in leadership affects PlayStation’s plans regarding cloud gaming. Hiroki Totoki stepping into the role of could bring a fresh perspective and new strategies to SIE’s approach to cloud gaming. However, the transition period could also present challenges as the company adjusts to new leadership and potentially new strategic directions.
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