Sony Group announced that Jim Ryan, the CEO of Sony Interactive Entertainment (SIE), will retire in March. Ryan, who has been in the role since 2019, oversaw significant initiatives, including the successful launch of the PlayStation 5 console. Sony Group President Hiroki Totoki will serve as the interim CEO during the search for a successor. The decision for Ryan’s retirement was attributed to his desire to no longer manage the tradeoff between a U.S. job and a home in the UK. Sony aims to sell a record 25 million PlayStation 5 consoles this financial year but faces challenges in the evolving gaming industry landscape. Ryan’s successor will need to navigate shifts in gaming preferences, including a push towards PC and smartphone titles and an emphasis on live service games.