Sony shakes up top leadership – Kazuo Hirai will become President and CEO


Seems there’s been some major changes at Sony – the Japanese firm has just confirmed that Kazuo Hirai has been appointed as President and Chief Executive Officer once April 1, 2012. Hirai’s predecessor, Sir Howard Stringer, will become Chairman of Sony’s Board of Directors. The change comes as Sony faces massive challenges in the consumer electronics space, with the company recently posting a Q3 loss of 159 billion yen (about 2 billion USD). For his part, Hirai acknowledged that the company faces challenging times, saying that “were it not for the strong leadership of Sir Howard Stringer these past seven years, we would have been in a much more difficult position.” He adds, “I am grateful to Sir Howard and to the Board for their confidence in me, and I look forward to working with everyone at Sony more closely than ever before to build a strong future for our customers, shareholders, partners and employees. The path we must take is clear: to drive the growth of our core electronics businesses – primarily digital imaging, smart mobile and game; to turn around the television business; and to accelerate the innovation that enables us to create new business domains.”

Source: Sony