Sony Appoints Two PlayStation Co-CEOs Following Jim Ryan’s Departure

Sarah Kearns
·1-min read

Months after PlayStation CEO Jim Ryan retired, Sony has officially announced who will be taking his place. To the surprise of many, PlayStation will now be helmed by two co-CEOs.

Stepping into Ryan’s shoes are Hideaki Nishino and Hermen Hulst. Presently, Nishino is the SVP of the Platform Experience Group. As the CEO, he’ll focus on Sony’s CEO Platform Business Group. Hermen Hulst, meanwhile, has served as the SVP and Head of PlayStation Studios and will direct his attention as CEO to Sony’s Studio Business Group. Both CEOs will begin their new roles on June 1.

As for how the two CEO positions differ, Nishino will be largely responsible for PlayStation consoles, sales, technology and relationships with publishers and developers, whereas Hulst will oversee game and content development, including licensing games for movie and show adaptations.

Nishino and Hulst will work under Hiroki Totoki, the President – as well as the COO and CFO – of Sony Interactive Entertainment. Totoki has been the interim CEO since Ryan stepped down.

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Fresh rate cut fears send ASX lower

    Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.

  • ATO ramps up data checks to ‘protect honest people and businesses’

    The ATO has expanded its data-matching programs and can use it to pick up people doing the wrong thing.

  • South32 Limited (ASX:S32) most popular amongst individual investors who own 58% of the shares, institutions hold 36%

    Key Insights South32's significant individual investors ownership suggests that the key decisions are influenced by...

  • Single Aussie woman sets up retirement with $2.3m property portfolio - here's how you can too

    Audrey Lee has done it all on her own and now she has three investment properties and her own home but she has had to make some sacrifices. Find out more here.

  • Nvidia stock pops 9%, tops $1,000 after earnings beat forecasts, announces stock split and dividend hike

    Nvidia reported its fiscal first quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines while raising its dividend and announcing a 10-for-1 stock split.

  • Dow falls more than 600 points, notching worst day of the year

    The Dow tumbled by more than 600 points Thursday, notching its worst day of 2024, as all three major indexes closed lower. The drop came even after AI-darling Nvidia delivered stellar quarterly earnings and announced a 10-for-1 stock split.

  • Boeing sees free cash burn in 2024 as deliveries remain sluggish

    (Reuters) -Boeing will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the company's finance chief said on Thursday, as the U.S. planemaker grapples with a crisis that is pinching production of its strongest-selling aircraft. CFO Brian West told the Wolfe Research Global Transportation and Industrials Conference that he expects Boeing's full-year free cash flow to be negative, due partly to the delays in deliveries, compared with March's outlook for positive cash generation in the low single-digit billions. The remarks on the negative cash flow caused Boeing's shares to fall 7.6% to close at $172.21 on Thursday.

  • Bold bid to consider public bank

    With hundreds of bank branches closing in recent years, a parliamentary probe into the matter has delivered its final recommendations.

  • Big tech companies are plowing money into AI startups, which could help them dodge antitrust concerns

    DeepL, an AI language translation startup, raised $300 million on a $2 billion valuation; Scale AI, a data-labeling platform for machine learning models, secured $1 billion as its valuation nearly doubled to $13.8 billion; and H, a fledgling French startup working on its own frontier models, raised an eye-watering $220 million seed round at an undisclosed valuation (though it surely takes H comfortably into unicorn territory). While all the usual institutional investors are present, such as Accel, Index, and Y Combinator (YC), these investments really underscore the corporate clamber to get in on the action while keeping regulators at arm's length. Take Scale AI, a company that had so far attracted purely institutional and angel investors from its inception in 2016 through its Series E round in 2021.

  • Nvidia CEO Jensen Huang: We're building AI factories

    It's hard to find a company that has gained more from the AI boom than Nvidia (NVDA). In the first quarter, the company posted a 262% rise in revenue. Its Data Center unit specifically saw its revenue soar 427% year over year to $22.6 billion. Why? Nvidia founder and CEO Jensen Huang says its because the company is basically making "AI factories." "These AI factories are essentially what we build. We build it as a holistic unit, as a holistic architecture and platform, but then we disaggregate it so that our partners could take it and put it into data centers of any kind," Huang tells Yahoo Finance in an exclusive interview. When it comes to demand for these products, Huang claims it's "so strong," adding "Hopper demand grew throughout this quarter after we announced Blackwell, and so that kind of tells you how much demand there is out there. People want to deploy these data centers right now." Be sure to check out the full interview with Nvidia CEO Jensen Huang. This post was written by Stephanie Mikulich. For more Yahoo Finance coverage of Nvidia: Nvidia stock pops 4% after earnings beat forecasts, announces stock split and dividend hike Nvidia CEO says Tesla 'far ahead' in self-driving tech as autonomous driving efforts boost chip demand Why this analyst says Nvidia is not a stock to buy Nvidia is 'central to the growing tech story': Strategist Beyond the Ticker: Nvidia

  • Why Apple's $110 Billion Buyback Program Works

    The share repurchase program could help push the stock at least 17% higher to $222 per share

  • Bets on BOJ Hike Spur Biggest Rush to Yen Bond Market Since 2019

    (Bloomberg) -- Overseas issuers sold yen bonds at the fastest pace in five years this month, chasing cheap funds before an expected interest rate hike by the Bank of Japan pushes up borrowing costs.Most Read from BloombergSingapore Air Changes Seatbelt Rules After Fatal TurbulenceSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationNvidia Stock Surges as Sales Forecast Delivers on AI HopesChina’s $538 Billion Deposit Exodus Supercharges Rally in BondsHarvard Students Walk Out of Commenceme

  • Experts Explain How To Avoid Becoming Cash Poor with a 401K in Retirement

    In an effort to be prepared for the increasingly higher costs of retirement, it's possible to save too much money in your 401(k) account, thus tying up liquid funds. Learn More: Retirement Savings: I...

  • Global-E Online First Quarter 2024 Earnings: Beats Expectations

    Global-E Online ( NASDAQ:GLBE ) First Quarter 2024 Results Key Financial Results Revenue: US$145.9m (up 24% from 1Q...

  • S&P 500, Nasdaq open higher on Nvidia Q1 earnings bump

    The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) are grooving to the tune of Nvidia's (NVDA) fiscal first-quarter earnings beat reported after the market close on Wednesday. The Nasdaq is in the green, seeing gains as high as 190 points at Thursday's market open. The Dow Jones Industrial Average (^DJI) is the standalone index laggard this morning. Morning Brief Anchors Seana Smith and Brad Smith examine the bump that the broader market is getting from the chip giant's overwhelmingly positive earnings print. Catch Yahoo Finance's interview with Nvidia CEO Jensen Huang here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Should I Take a $200,000 Lump Sum or $1,850 Monthly Payments for My Pension?

    If you have a pension, your employer will usually give you a choice at retirement: buyout or payments. It's important to review this carefully. In broad terms, many make this choice based on expected lifetime returns. If you take and invest the buyout, what can you reasonably expect in portfolio returns? How will that expectation […] The post Should I Take a $200,000 Lump Sum or $1,850 Monthly Payments for My Pension? appeared first on SmartReads by SmartAsset.

  • Investors in Shangri-La Hotels (Malaysia) Berhad (KLSE:SHANG) have unfortunately lost 51% over the last five years

    While it may not be enough for some shareholders, we think it is good to see the Shangri-La Hotels (Malaysia) Berhad...

  • Rocky Brands, Inc.'s (NASDAQ:RCKY) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

    Rocky Brands (NASDAQ:RCKY) has had a great run on the share market with its stock up by a significant 35% over the last...

  • China's exporters, eager for Russia foothold, tread lightly to avoid financial bear trap

    In recent weeks, the 25th floor of the Shanghai Tower has been swarmed with Chinese exporters. Legions of businesspeople have flocked from all over the country to open a new account at VTB Bank - the only Russian bank currently in operation within China's borders. Among the crowd on Tuesday was Yeno Yan, an agricultural machinery manufacturer who had flown in from the eastern province of Shandong. Eager to clear up headaches caused by trying to collect payments from Russian clients - a common pr

  • Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

    U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. Perhaps more importantly, the report from the University of Michigan also said U.S. consumers’ expectations for inflation in the coming year rose by less in May than earlier feared.