Sony CEO Kaz Hirai steps down - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Sony CEO Kaz Hirai steps down

Updated:
© Bill Roberson/Digital Trends © Bill Roberson/Digital Trends


By  


Provided by

Sony CEO Hirai Kazuo, best known outside of Japan as Kaz Hirai, will step down from his role at the company on April 1, 2018. His successor is current Chief Financial Officer Yoshida Kenichiro. Hirai will not leave Sony, but will instead take on the role of director and chairman at that time. The decision came from Hirai himself, and his proposal was approved by Sony’s board of directors on February 2.

In a statement, Hirai says, “As the company approaches a crucial juncture, when we will embark on a new mid-range plan, I consider this to be the ideal time to pass the baton of leadership to new management, for the future of Sony and also for myself to embark on a new chapter in my life.”

Hirai became CEO in 2012, but was well-known before then as president of Sony Computer Entertainment, during which time he turned the PlayStation brand around and returned it to success. According to Hirai he has been working closely with Yoshida since late 2013, who has been a, “valuable confidant and business partner,” and the pair took on, “the challenge of transforming Sony together.” “As chairman,” Hirai continues, “I will offer my full support to Mr Yoshida and the new management team.”

Yoshida became CFO in April 2014, around the same time Sony faced damaging scandals after hackers exposed emails revealing private information about the company, its staff, and future plans. In an interview with the Financial Times in December 2014, Yoshida is described as, “straight-talking,” and with a “reputation for being ‘blunt’ and ‘ruthless’ when it comes to achieving targets.” He was instrumental in changing the way Sony Entertainment was managed, and in making other decisions key to turning around Sony’s fortunes.

He says in Sony’s official statement, “Together with the outstanding talent we have across the Sony Group, I will aim to build on the business foundations established by Mr. Hirai, and execute further reform measures that enhance our competitiveness as a global enterprise, and enable us to realize long-term profit growth.”

His first order of business will be to finalize Sony’s plans for the near future, and to put its 2018 plan into action. Hirai has not announced any future plans beyond his role as chairman at Sony.

This article was originally posted on Digital Trends

Content provided by
INFORMATIONAL DISCLAIMER The information contained on or provided through this site is intended for general consumer understanding and education only and is not intended to be and is not a substitute for professional financial or accounting advice. Always seek the advice of your accountant or other qualified personal finance advisor for answers to any related questions you may have. Use of this site and any information contained on or provided through this site is at your own risk and any information contained on or provided through this site is provided on an "as is" basis without any representations or warranties.
  • Entertainment NewsEntertainment NewsMore>>

  • Trump sends mean tweets, first lady talks positivity online

    Trump sends mean tweets, first lady talks positivity online

    Monday, August 20 2018 10:18 AM EDT2018-08-20 14:18:37 GMT
    Wednesday, August 22 2018 2:09 AM EDT2018-08-22 06:09:15 GMT
    (AP Photo/Pablo Martinez Monsivais). First lady Melania Trump speaks as she attends the 6th Federal Partners in Bullying Prevention (FPBP) Summit at Health and Human Service in Rockville, Md., Monday, Aug. 20, 2018.(AP Photo/Pablo Martinez Monsivais). First lady Melania Trump speaks as she attends the 6th Federal Partners in Bullying Prevention (FPBP) Summit at Health and Human Service in Rockville, Md., Monday, Aug. 20, 2018.
    Melania Trump is encouraging technology and social media companies to provide more opportunities for children to share ideas on how to be good citizens online. 
    Melania Trump is encouraging technology and social media companies to provide more opportunities for children to share ideas on how to be good citizens online. 
  • Rapper Post Malone's jet blows 2 tires but then lands safely

    Rapper Post Malone's jet blows 2 tires but then lands safely

    Tuesday, August 21 2018 1:02 PM EDT2018-08-21 17:02:20 GMT
    Wednesday, August 22 2018 1:39 AM EDT2018-08-22 05:39:39 GMT
    Authorities say a plane that blew two tires during takeoff at a small New Jersey airport will attempt to make an emergency landing at an airport in Massachusetts. 
    Authorities say a plane that blew two tires during takeoff at a small New Jersey airport will attempt to make an emergency landing at an airport in Massachusetts. 
  • 'Crazy Rich Asians' hoopla elicits mixed feelings in Asia

    'Crazy Rich Asians' hoopla elicits mixed feelings in Asia

    Tuesday, August 21 2018 4:12 AM EDT2018-08-21 08:12:59 GMT
    Wednesday, August 22 2018 1:28 AM EDT2018-08-22 05:28:01 GMT
    (Photo by Evan Agostini/Invision/AP, File). FILE: In this Aug. 14, 2018, file photo, Actors Michelle Yeoh, from left, Henry Golding, Constance Wu, Ken Jeong and Awkwafina participate in the BUILD Speaker Series to discuss the film "Crazy Rich Asians" a...(Photo by Evan Agostini/Invision/AP, File). FILE: In this Aug. 14, 2018, file photo, Actors Michelle Yeoh, from left, Henry Golding, Constance Wu, Ken Jeong and Awkwafina participate in the BUILD Speaker Series to discuss the film "Crazy Rich Asians" a...
    Hoopla over 'Crazy Rich Asians' to premiere in Singapore as critics debate its take on city's uber rich. 
    Hoopla over 'Crazy Rich Asians' to premiere in Singapore as critics debate its take on city's uber rich. 
Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.