Sony Group President Hiroki Totoki will assume the role of chairman at Sony Interactive Entertainment (SIE), overseeing PlayStation. Jim Ryan, SIE’s current CEO, will retire in March. Totoki will serve as interim CEO. This move suggests a focus on tighter cost controls in the gaming division, which has seen declining earnings. Totoki, also Sony’s CFO, voiced concerns over the segment’s performance last November. The gaming industry is evolving, with content gaining prominence over hardware. SIE’s operating profit for the fiscal year is projected to drop by around 20% from three years ago.
