Sony Group Corp (NYSE:SONY) said Sony Interactive Entertainment (SIE) President and CEO Jim Ryan has made the decision to retire in March 2024 after almost thirty years with the PlayStation business.
Sony Group President, COO and CFO Hiroki Totoki will assume the role of Chairman of SIE effective October 2023 to support Ryan in his transition.
Effective April 1, 2024, Totoki will be appointed Interim CEO of SIE while he continues his current role at Sony Group Corporation.
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Totoki will work closely with Sony Group Chairman and CEO Kenichiro Yoshida and the management team of SIE to help define the next chapter of PlayStation’s future and the succession of the SIE CEO role.
“Jim Ryan has been an inspirational leader throughout his entire period with us, but never more so than in overseeing the launch of PlayStation 5 in the midst of the global COVID pandemic,” said Sony Group Chairman and CEO Kenichiro Yoshida.
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Price Action: SONY shares closed higher by 1.54% at $82.55 on Wednesday.
