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Sony CEO steps down

Kez Hirai to move to chairman role; Kenichiro Yoshida named new CEO

Sony CEO Kaz Hirai has announced his intention to step down as of 1st April.

Hirai will move to a new role as chairman of the company.

He will be succeeded by current chief financial officer Kenichiro Yoshida.

“As the company approaches a crucial juncture, when we will embark on a new mid-range [corporate] 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,” Hirai said.

Meanwhile, this morning Sony has announced group revenue up 11 per cent to $23.6 billion in Q3 2017.