Sony appoints Kazuo Hirai CEO, Stringer takes chairman role

By on February 1, 2012 at 9:45 AM.

Sony appoints Kazuo Hirai CEO, Stringer takes chairman role

Sony Corporation on Wednesday confirmed the appointment of executive deputy president Kazuo Hirai as CEO and company president, replacing Howard Stringer, who is currently President and CEO. Hirai will assume his new position on April 1st and Stringer will take a new role on the company’s board of directors as its chairman starting in June. “Kaz is a globally focused executive for whom technology and the cloud are familiar territory, content is highly valued, and digital transformation is second nature,” Stringer said in a statement. “I believe his tough-mindedness and leadership skills will be of great benefit to the company and its customers in the months and years ahead.” Hirai acknowledged that Sony faces serious challenges and he pointed to digital imaging, mobile and gaming as the three key businesses that will carry Sony into the future. The company’s full press release follows below. More →

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Kazuo Hirai to take over as Sony president, Stringer remains as CEO

By on January 6, 2012 at 1:01 PM.

Kazuo Hirai to take over as Sony president, Stringer remains as CEO

Kazuo Hirai will take over as the president of Sony in the next few months, Nikkei reported on Friday. Howard Stringer, who previously had served as the president, chairman and CEO of the company will remain on board as chief executive officer. Sony is expected to be a big presence at the Consumer Electronics Show this year and could unveil a “different kind of TV set” early next week. Sony also recently announced that it will purchase Ericsson’s stake in its Sony Ericsson joint venture for $1.47 billion. More →

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Sony CEO Howard Stringer takes a 16% pay cut

By on June 28, 2011 at 11:50 PM.

Sony CEO Howard Stringer takes a 16% pay cut

In an effort to fuel growth across the company, Sony’s CEO — Howard Stringer — has taken a 16% cut in his annual pay according to The Wall Street Journal. Stringer will take home $4.27 million for the fiscal year that ended March 30th, down from the $5.25 million he made last year. During Sony’s shareholder meeting on Tuesday, PlayStation head Kazuo Hirai said that the firm’s “most important task” was turning around its television business — an arm of Sony that has seen seven straight years of losses. Hirai named a number of ways the company could accomplish that task, including boosting the efficiency of operations, tweaking product strategies, and reducing costs. More →

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Sony execs: We’re still investigating privacy breach, putting new security system in place

By on May 17, 2011 at 6:39 PM.

Sony execs: We’re still investigating privacy breach, putting new security system in place

Speaking to The New York Times in an interview on Tuesday, Sony’s CEO Howard Stringer discussed the company’s recent security breach, and what his firm is doing to make sure such a large scale attack doesn’t happen again. Stringer argued that Sony reported the breach quickly, despite waiting nearly a week to notify its customers that hackers had stolen personal information, including credit card numbers. “We still have a lot of investigation to do to find out how this happened, but we’re not there yet,” Stringer explained. Sony’s corporate executive officer and executive vice president, Kazuo Hirai, said also noted that Sony is working to examine security on “every level of the company … from televisions to eBooks, and onwards.” Sony will create new security positions within the company, and the security employees with be tasked with setting up a “system to avoid this type of event again — putting a new system in place,” Hirai explained. Sony began restoring its PlayStation Network services in the United States last weekend after issuing a firmware update for the PlayStation 3. More →

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