The Chief Executive Officer of Sony, Kaz Hirai, will be stepping down by his own decision. His new role will be as Chairman at Sony.
After 6 years of success, including the dominant performance of the PlayStation brand in that time, Kaz Hirai oversaw a “One Sony” strategy. This included giving more focus to the PlayStation brand, as well as selling the Vaio laptop business and overhauling the TV side of the company. The gaming side of the company has contributed massively to Sony’s recent upturn.
Once Harai had proposed the move to the Sony Nominating Committee, it left to the Sony Board of Directors agreeing to the choice. The beginning of Hirai’s statement, which can be read in full here, discusses his time at the company:
“Ever since my appointment as President and CEO in April 2012, 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. To this end, I have dedicated myself to transforming the company and enhancing its profitability, and am very proud that now, in the third and final year of our current mid-range corporate plan, we are expecting to exceed our financial targets. And it excites me to hear more and more people enthuse that Sony is back again. 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.”
As of April 1st, the start of new fiscal year 2018-2019, Kenichiro Yoshida will take over as CEO. Yoshida is in the position of Chief Financial Officer until that time. Harai also talked about his successor in the latter portion of his statement: