"PlayStation Boss Jim Ryan's Retirement Sparks Crucial Decision for Sony"

Phil Spencer, the head of Xbox, has paid tribute to Jim Ryan, the CEO and president of Sony Interactive Entertainment, following Ryan's announcement of his retirement next year. Spencer praised Ryan as a "great contributor to our industry" and a "fierce leader for PlayStation." Ryan, who has worked at Sony for three decades, cited difficulties balancing his home life in Europe and work responsibilities in North America as the reason for his departure. Sony Group Corporation president Hiroki Totoki will serve as interim CEO. Ryan's tenure oversaw the launch of the PlayStation 5, and Sony aims to ship 25 million PS5 consoles by March 2024.