Sony has announced that PlayStation CEO Jim Ryan is stepping down from his position and will retire in March 2024. Hiroki Totoki will become chairman of Sony Interactive Entertainment in October 2023 and will take over as interim CEO of the company on April 1, when Ryan officially retires.
“After 30 years, I have made the decision to retire from SIE in March 2024. “I have enjoyed the opportunity to have a job I love at a very special company where I work with great people and incredible partners,” Ryan said in a statement.
Totoki added: “I would like to extend my heartfelt thanks to Jim Ryan for his outstanding achievements and contributions throughout his 30-year career at Sony, including the great success in launching the PlayStation 5.”
Ryan was recently in the spotlight for trying to stop Microsoft’s acquisition of Activision Blizzard. In particular, he claimed that acquiring Call of Duty as a potential Microsoft exclusive would harm the gaming community and that the acquisition would be anti-competitive overall.
Ryan also oversaw the launch of the PS5, while Sony enjoyed its most successful years in the video game industry with the hugely successful PS4. He also reversed the decision to close the PS3 and PS Vita digital storefronts after fan backlash and pushed Sony for 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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