Sony has announced that Jim Ryan, the current president and CEO of Sony Interactive Entertainment, will be retiring in March of next year. Ryan, who has been with the company for nearly 30 years, took over the PlayStation division in 2019 after leading Sony Computer Interactive Europe.

In a statement regarding his retirement, Ryan mentioned the difficulties of balancing living in Europe and working in North America. He expressed gratitude for the opportunity to work on products that have impacted the lives of millions and expressed optimism for the future of Sony Interactive Entertainment.

Starting in October of this year, Hiroki Totoki, the president, chief operating officer, and chief financial officer of Sony Group Corporation, will become the chairman of Sony Interactive Entertainment to support Ryan during his transition. Eventually, Totoki will assume the role of interim CEO on April 1st, 2022, in addition to his current responsibilities at Sony.

Sony CEO Kenichiro Yoshida praised Ryan for his achievements and acknowledged the importance of finding a suitable successor for the Game & Network Services business. Yoshida emphasized the company’s commitment to further evolution and growth in this sector.