Sir howard stringer sony ceo kazuo
Sir howard stringer sony ceo kazuo stock...
Sir howard stringer sony ceo kazuo
Howard Stringer steps down, Sony looks to Kazuo Hirai to stop the bleeding
Sony will promote Kazuo Hirai to president and CEO in April, ending Sir Howard Stringer's six year reign as the company's chief executive.
Hirai was Stringer's personal recommendation to succeed him, and Stringer will continue to serve in an executive capacity with the company as chairman of the board beginning in June 2012.
"Three years ago, I started to work with the Board on succession plans, and in February, 2009 we named a new generation of leaders to be my management team", Stringer says.
"Among them was Kaz Hirai, who had distinguished himself through his work in the PlayStation® and networked entertainment businesses".
Hirai's promotion to CEO was widely expected among industry watchers considering the PlayStation business is one of Sony's few solidly performing businesses.
With Sony in the red for all but two years of Stringer's tenure, Hirai certainly has his work cut out for him.
Stringer had a