After nearly 30 years with the firm, PlayStation CEO Jim Ryan will retire in March 2024.
He became CEO of Sony Interactive Entertainment (SIE) in February 2019, having joined Sony a few months before the PlayStation’s debut in 1994.
His resignation comes as a surprise given the PS5’s recent success, which he has supervised since its release in 2020.
Mr Ryan stated that he decided to leave due to challenges he was experiencing while living in Europe and working in North America.
“I’ve relished the opportunity to have a job I love in a very special company, working with great people and incredible partners,” he stated in a statement.
“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.”
Following Mr Ryan’s retirement, Sony’s chief operations officer, Hiroki Totoki, will serve as temporary CEO.
When the PS5 first came out, there were considerable supply concerns, which led to scalpers scooping up the systems and selling them for double the price.
However, those issues have now been rectified, and Sony has sold 40 million systems worldwide.
“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,” stated Kenichiro Yoshida, CEO of Sony.
“The whole SIE team’s amazing performance has been continuously based on an