Sony have just announced that Kazuo Hirai will be, from the 1st of April, the company’s new President and CEO. Sir Howard Stringer will become Chairman of the Board of Directors a couple of months later. This is all ahead of tomorrow’s earnings release, which some suspect won’t be entirely great news.
“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,” said Stringer. “Among them was Kaz Hirai, who had distinguished himself through his work in the PlayStation and networked entertainment businesses.”
“Kaz is a globally focused executive for whom technology and the cloud are familiar territory, content is highly valued, and digital transformation is second nature. I believe his tough-mindedness and leadership skills will be of great benefit to the company and its customers in the months and years ahead.”
“As challenging as times are for Sony now,” said Kaz, “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. 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,” he continued, “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.”
“The foundations are now firmly in place for the new management team and me to fully leverage Sony’s diverse electronics product portfolio, in conjunction with our rich entertainment assets and growing array of networked services, to engage with our customers around the world in new and exciting ways.”