Sony Appoints New CEO, Kazuo Hirai will Remain as Chairman

Sony Appoints New CEO, Kazuo Hirai will Remain as Chairman. Kenichiro Yoshida will replace Kazuo Hirai as the head of the Japanese firm. He will take charge of the company from April 1st, 2018.

Sony Appoints New CEO, Kazuo Hirai will Remain as Chairman

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“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,”

Hirai said in a statement.

“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,”

he added.

Hirai took the CEO role in 2012 and he has worked in partnership with Yoshida. Among his key initiatives, Sony downsized its loss-making mobile division with layoffs and a more focused set of products, while the PS4 has been a huge financial success.

Sony has also announced its quarterly report. According to that, Sony hit an operating profit of 350.8 billion yen (3.2 billion dollars) in its third financial quarter running from October to December 2017.

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