“Sony Corp named Vice President Kazuo Hirai as president and CEO, replacing Howard Stringer who will step down from day-to-day management in a long-expected change for a company struggling to regain its driving force in consumer electronics,” Yoko Kubota reports for Reuters.
“Stringer will remain chairman of the company until June, when he will become chairman of the board of directors, a separate post that will not be directly involved in company management, Sony spokeswoman Mami Imada said,” Kubota reports. “The are no plans to replace him in the chairman’s role, she added.”
Kubota reports, “Sony announced the changes ahead of its earnings report on Thursday, which is expected to forecast the company will post a net loss for the fourth year in a row as its TV division bleeds red ink. Hirai will take over on April 1.”
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