Tech
Sony CEO set for April exit
Asian electronics giant Sony has announced that CEO Kaz Hirai will be replaced on the 1st of April this year.
While CFO Kenichiro Yoshida is named as his replacement, Hirai will become Chairman, just as Howard Stringer did when Hirai replaced him in 2012.
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Hirai will retire as CEO with Sony in a much better state than when he took over, after turning its businesses around under his One Sony strategy.
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Over the last few years, Sony has cut costs repeatedly, selling its Vaio PC operation, revamping the way it makes and sells TVs and refocusing its mobile business.
One incident that marred Hirai’s tenure as chief was the 2014 hacking of Sony Pictures — its leader Michael Lynton left about a year ago and the studio is leading in the box office so far for 2018 with Jumanji.
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