Jim Ryan, Sony Interactive Entertainment's (SIE) President and CEO, is stepping down in March 2024. In a post announcing his retirement, the executive said he's been finding it "increasingly difficult" to juggle his home life in the UK and his job that's located in the US. Ryan has been with SIE since 1994, before the first PlayStation was launched worldwide. He helped establish the company's presence in Europe and held several positions before he was eventually named as the CEO of SIE in 2019.

SIE launched the PlayStation 5 under Ryan's leadership. While the company struggled to produce enough consoles in the height of the pandemic due to component shortages, it was eventually able to increase production and meet demands. In the first quarter of 2023, Sony shipped 3.3 million PS5 units, bringing the total number of consoles sold to 41.7 million. Sony CEO Kenichiro Yoshida praised Ryan for "overseeing the launch of PlayStation 5 in the midst of the global COVID pandemic," saying that the device is now "on track to become SIE’s most successful console yet."

On April 1, 2024, Hiroki Totoki will step in as interim CEO of SIE, taking on the responsibility on top of his roles as the president, COO and CFO of Sony Group Corporation. The company said that he will work with management to "help define the next chapter of PlayStation's future" and to find the next boss for Sony Interactive Entertainment.