Sony Vice President, COO, and CFO Hiroki Totoki will be Sony Interactive Entertainment’s interim CEO for a maximum of one year, and his tenure will be aimed at finding a replacement for the former retired head Jim Ryan as quickly as possible.
The news, confirmed during today’s financial call for the company’s FY2023 Q2 earnings, seems to suggest that Jim Ryan may not have exactly retired but may have been asked to step down, as not having a replacement ready in the wings for such an important position sounds weird for a company like Sony. With SIE also cutting down the number of live service games planned to release by March 2025 from 12 to 6 games also seems to indicate how Sony wasn’t entirely happy with the direction Jim Ryan was spearheading.
Sony President, COO & CFO Hiroki Totoki says he will be an interim CEO of Sony Interactive Entertainment from April 2024 for a maximum of 1 year!
He says during this time his most important mission is to find the next CEO of SIE and transition to that person as soon as possible. pic.twitter.com/zRS5qRt2ES
— Genki✨ (@Genki_JPN) November 9, 2023
Jim Ryan announced his retirement as Sony Interactive Entertainment head after 30 years at the company with a statement last month. You can find it in full below.
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. But I’ve found it increasingly difficult to reconcile living in Europe and working in North America. I will leave having been privileged to work on products that have touched millions of lives across the world; PlayStation will always be part of my life, and I feel more optimistic than ever about the future of SIE. I want to thank Yoshida-san for placing so much trust in me and being an incredibly sensitive and supportive leader.