Stringer Named Sony Corp. CEO

Sony Corp. has announced that it is making major changes to its management structure, including the promotion of Howard Stringer as the company’s new chief executive. Stringer, who will replace Nobuyuki Idei as chairman, group CEO and representative CEO, will run Sony’s overall group business operations on a global basis from headquarters in both New York and Tokyo. He will also continue in his role as the head of the Entertainment Business Group and head of Sony Corp. of America.

Idei will transition into the role of chief corporate advisor for Sony Corp. and Kunitake Ando, currently director, representative corporate exec officer and president, will become advisor. Each will support the new management team from an overall Sony Group management standpoint. All new appointments are now in effect and will become official on June 22, granted they meet approval at Sony Corp.’s shareholder’s meeting that day.

Dr. Ryoji Chubachi, currently corporate exec officer, exec deputy president and COO of MSNC and EMCS, will assume the position of representative corporate exec officer, president of Sony Corp. and CEO of the company’s Electronics Business Group. Also, Katsumi Ihara will be upped from corporate exec officer, exec deputy president and group CFO to representative corporate exec officer, exec deputy president and group CFO. Ihara will oversee financial matters and support Stringer and Chubachi in overall corporate strategy and resource allocation.

Sony says this is a pivotal year for the company and the management changes are intended to enable the company to streamline its operation and provide a more cohesive focus for operating its businesses around the world.