After over 30 years with the firm, PlayStation's CEO, Jim Ryan, will retire in March 2024.
He joined Sony a few months before the 1994 release of the PlayStation and assumed the role of CEO of Sony Interactive Entertainment (SIE) in February 2019.
After the PS5's recent success, which he has supervised since its 2020 introduction, his resignation is shocking.
Ryan said that he made the choice to move due to problems he was having while working in North America while living in Europe.
He said, "I've had the chance to have a job I love at a really exceptional firm, working with amazing colleagues and incredible partners.”
“I've had the honor of working on products that have changed the lives of millions of people across the globe. PlayStation will always hold a special place in my heart, and I'm more hopeful than ever about the future of SIE,” he added.
Ryan will step down as CEO, and Sony's COO Hiroki Totoki will serve in that capacity temporarily.
When the PS5 first came out, there were considerable supply problems, which caused scalpers to purchase the systems and resell them for more money.
However, those issues have subsequently been fixed, and Sony has already sold 40 million of the systems globally.
Kenichiro Yoshida, CEO of Sony, remarked that Jim Ryan "has been an inspirational leader throughout his entire period with us, but never more so than when he oversaw the launch of PlayStation 5 in the middle of the global COVID pandemic."
The PlayStation 5 is on course to become SIE's most profitable system to date, thanks to the steady advancement of that outstanding accomplishment the whole SIE team accomplished.