Feb 2, 2018

Sony chief executive Kazuo Hirai to step down

Sony's chief executive Kazuo Hirai is stepping down and handing the reins over to finance chief Kenichiro Yoshida. Mr Yoshida, Sony's chief financial officer, is to take over control of the Japanese electronics giant from 1 April. Mr Yoshida and Mr Hirai have been instrumental in turning Sony around to focus on smartphone image sensors. Sony said its profits quadrupled in the three months to December. "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," said Mr Hirai in a statement.

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