Sony has announced that PlayStation CEO Jim Ryan is stepping down from his role and will retire in March 2024. Hiroki Totoki will become the Chairman of Sony Interactive Entertainment in October 2023 then take over as the company’s interim CEO on April 1, when Ryan officially retires.
“After 30 years, I have made the decision to retire from SIE in March 2024. I’ve relished the opportunity to have a job I love in a very special company, working with great people and incredible partners,” Ryan said in a statement.
Totoki added, “I would like to express my heartfelt gratitude to Jim Ryan for his outstanding achievements and contributions over his 30-year career at Sony, including the great success of launching the PlayStation 5.”
Ryan has been in the spotlight recently for his involvement in trying to prevent Microsoft from acquiring Activision Blizzard. In particular, he claimed that Call of Duty becoming a potential Microsoft exclusive would be detrimental to the gaming community and the acquisition as a whole would be anti-competitive.
Ryan also oversaw the launch of the PS5 while Sony was enjoying its most dominant years in the video game industry with the massively successful PS4. He also reversed the decision to close down the PS3 and PS Vita digital storefronts after fan backlash and pushed Sony into a new initiative with more games as a services titles. Ryan oversaw many of Sony’s most high-profile acquisitions including Insomniac Games, Bungie, and Housemarque.
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