A surprise announcement from Sony
Sony Interactive Entertainment (SIE) announced on Wednesday that its president and CEO Jim Ryan will retire in March 2024, after almost 30 years in the PlayStation business. Ryan joined SIE in 1994 and became the CEO in 2019, leading the launch of the PlayStation 5, which is PlayStation’s most successful platform.
According to Sony, Ryan is leaving the company to spend more time with his family in Europe, as he found it difficult to reconcile living in Europe and working in North America. Sony Group Corporation president, COO and CFO Hiroki Totoki will assume the role of SIE chairman next month to support the transition, and will take over as interim CEO once Ryan retires.
A legacy of innovation and success
Ryan has been a key figure in the PlayStation brand, holding various senior positions such as president of SIE Europe, head of global sales and marketing at SIE and deputy president of SIE. He has been instrumental in expanding PlayStation’s global reach, developing partnerships with game developers and publishers, and enhancing PlayStation’s online services and features.
Under Ryan’s leadership, PlayStation has achieved remarkable milestones, such as selling over 115 million units of PlayStation 4, launching PlayStation VR, PlayStation Now and PlayStation Plus, and introducing PlayStation 5, which has sold over 13 million units since its release in November 2020. Ryan has also overseen the acquisition of several game studios, such as Insomniac Games, Housemarque and Nixxes Software, to strengthen PlayStation’s exclusive titles and franchises.
A challenge for the future
Ryan’s departure comes at a time when PlayStation is facing increasing competition from rivals such as Microsoft, Nintendo and Google, as well as new entrants in the gaming industry, such as Netflix, Amazon and Apple. PlayStation also has to deal with the ongoing challenges of the COVID-19 pandemic, which has affected the supply chain, production and distribution of its consoles and games.
Sony has expressed its gratitude to Ryan for his contributions and achievements, and has assured its fans and stakeholders that it will continue to deliver the best gaming experiences and entertainment to its customers. Sony has not yet announced who will be the permanent successor of Ryan, but it is expected that the company will look for someone who can maintain PlayStation’s leadership and innovation in the gaming industry.