Sony Corp gets its first non-Japanese CEO in Stringer

MUMBAI: In what can be called a rare move for a Japanese company; Sony Corp has named Sir Howard Stringer as its first non Japanese chairman and CEO. Sir Stringer currently is the head of Sony's US division.


The new development culminated this morning, wherein Sony's board agreed to appoint Sir Stringer. As a result of this, the company's present CEO Nobuyuki Idei will be stepping down after five years at the helm.

Sir Howard Stringer

This is the first time ever for Sony to name a foreigner to head the major Japanese electronics firm as the company seeks to improve results at its faltering core electronics business, for which, outgoing CEO Idei has taken the full responsibility.

Stringer, a former television journalist, will have a tough task of enhancing profitability at Sony. He has been with Sony since 1997 and has a reputation for intelligence and self-deprecating humour. Prior to joining Sony, he was with CBS television network as producer and executive.

According to a media report, Stringer oversaw Sony's decision to combine its music business with Bertelsmann AG in 2003 and last year's move to take over MGM. The appointments will be formally approved by shareholders on 22 June but the management transition will start immediately, the report added.

Stringer, who does not speak much Japanese, will remain based in the US. He was born in Wales and holds dual citizenship of UK and US.

The major corporate restructuring will also see Sony president Kunitake Ando being ousted. He will be replaced by Ryoji Chubachi, who is currently executive deputy president and chief operating officer for electronic components and manufacturing. According to one media report, Sony shares have tumbled around 60 per cent since Idei assumed the roles of chairman and CEO in June 2000.

Stringer was quoted in a media report as saying, "The world is simply not the same place it was a few years ago. The needs and expectations of our customers have changed. The dynamics of the competitive landscape have changed. The pace of innovation across all the businesses in which we compete have changed. So Sony too must change."

According to a media report, the corporate shake-up also included the resignation from Sony's board of directors of Sony Computer Entertainment Inc president and group CEO and Sony's home electronics and semiconductor businesses COO Ken Kutaragi. While, he will continue to head Sony's games business, he would be stepping down from the other positions.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

Whether businesses and industries practice their art of selling fairly although they have 'Fair Practices' training during the academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India.

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories