Sony chief to step in as PlayStation boss as profit margins shrink

Group president expected to push cost discipline at independent unit

20230928N Playstation Fives REUTERS

Sony's sales of the PlayStation 5 have not grown as anticipated. © Reuters

KEIICHI FURUKAWA and KENTARO TSUTSUMI, Nikkei staff writers

TOKYO -- Sony Group President Hiroki Totoki will perform double duty as head of the subsidiary in charge of PlayStation, the company said Thursday, after he sounded a warning on the video game segment's earnings downturn.

Totoki begins serving next month as chairman of California-based Sony Interactive Entertainment. Jim Ryan, SIE's current president and CEO, retires at the end of March. Totoki will then become "interim CEO," Sony said.

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