Andrea May 14th, 2024 - 12:01 AM
On May 13th, Sony Interactive Entertainment (PlayStation) announced two new CEOs were to replace Jim Ryan on June 1st. These two CEOs are Hermen Hulst, who will operate as CEO for the studios, and Hideaki Nishino, who will operate as CEO of platforms. Both Hulst and Nishino report to chairman Hiroki Totoki. Totoki was promoted to interim head of Sony Interactive April 2024, though the announcement of his promotion was dropped September 2023. Upon the other two taking the CEO roles, Totoki will shift over to a chairman role of Sony Interactive Entertainment.
It’s a true privilege to be asked to lead the new Studio Business Group for Sony Interactive. I’m excited to continue working with incredibly talented teams and studios to deliver unforgettable game and entertainment experiences. #sony #playstation #playstationstudios
— Hermen Hulst (@hermenhulst) May 13, 2024
According to the official announcement, which was also sent to Sony Interactive Employees on May 13th, Nishino will “continue his role leading the Platform Experience group, overseeing technology, products, services, and platform experience” in addition to third-party publisher/developer relations and commercial operations.
Hermen will oversee and lead PlayStation Studios/Production and Bungie, as well as overseeing operations of Sony Interactive Entertainment’s first-party content. Hermen will additionally be in charge of IP expansion opportunities under PlayStation Productions.
In the letter, Totoki also declared that later this May, Sony (Group) would send out details of its “long-term vision” which includes how Sony Interactive Entertainment is a fundamental part of said vision. He also stated that Fiscal Year 24 (April 1st, 2023 – March 31st, 2024) was the start of the “Mid-Range Plan Period” for Sony, in which Sony started an initiative for “sustainable growth”. Restructuring of Sony PlayStation earlier this year during February 2024 resulted in the reduction of ~900 employees, or 8% of the global workforce under Sony, detailed in a letter from former president/CEO Jim Ryan.
