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Sony President and CEO Kazuo Hirai to Step Aside

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Feb 2, 2018, 8:15 AM   by Eric M. Zeman

Sony today said it plans to make changes to its corporate leadership later this year. Current President and CEO Kazuo Hirai, largely seen as responsible for turning around the company's fortunes, will stand down from his leadership role on April 1. He will transition to the Chairman of Sony's board of directors. "I have stated that my mission is to ensure Sony continues to be a company that provides customers with kando — to move them emotionally — and inspires and fulfills their curiosity," said Hirai. "To this end, I have dedicated myself to transforming the company and enhancing its profitability, and am very proud that now." Kenichiro Yoshida, Sony's current CFO, will assume Hirai's responsibilities as President and CEO on April 1. The bulk of Sony's fortunes come from its PlayStation business. Sony continues to make mobile devices, most recently the Xperia XA2 and XA2 Ultra. Sony may announce more phones at the forthcoming Mobile Word Congress trade show alter this month. Sony reported profits of $3.2 billion for its fiscal third quarter, its highest earnings ever during that period.


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