Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Nvidia Develops New Location-Verification Technology for AI Chips 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Sony Group Corporation announces PlayStation CEO Jim Ryan’s retirement in March 2024, heralding a transition to new leadership under Hiroki Totoki.
Ryan is currently working as Sony Interactive Entertainment LLC’s (SIE) president and chief executive officer, but he decided to retire in March next year. He will exit after being with the company for 30 years - mostly leading Sony’s PlayStation business.
Jim Ryan’s Tenure at Sony Corporation
The Sony Group confirmed the upcoming retirement of Ryan on Wednesday, Sept. 27. As per CNN Business, Totoki will assume the role of SIE CEO next month to ensure a smooth leadership transition.
It was in 1994 when Ryan first joined SIE. He became the video game company’s chief executive officer in 2019. Before this, he held various senior executive roles at the company, including SIE’s chairman of global sales and marketing, SIE Europe’s president, and deputy president of the company. He led the introduction of PlayStation 5, which Sony said is the most successful version yet in the history of PlayStation.
New Management of PlayStation Business
Reuters reported that Hiroki Totoki will take over as interim CEO and may be in this position for a year. The company’s spokesperson said there is also a possibility that Sony may already appoint a permanent chief by the time Ryan retires.
“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,” Sony’s CEO since 2018, Kenichiro Yoshida, said in a press release. “That extraordinary achievement made by the entire SIE team has been steadily built on and PlayStation 5 is on track to become SIE’s most successful console yet. I’m immensely grateful to Jim for all his achievements.”
Yoshida added, “Respecting Jim’s decision to finish his long career at Sony leaves me with an important decision regarding his succession given the significance of the Game & Network Services business. We have discussed intensively and have determined the new management structure.”
Photo by: Kamil S/Unsplash
