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
Disney to buy 21st Century Fox assets for $52.4 billion

The Walt Disney Co has set up a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire.

Television TV Channels Movie Channels
MOVIES NOW brings #StopDreamingAndStartWinning with 100 Mania Season 5 for its viewers

Movies Now, India’s english movie channel, rings in the festive season with its property ‘100 Mania’, beginning Friday, 15 December at 9pm. In its 5th season, the channel has curated a line-up of some of the biggest Hollywood blockbusters like Furious 7, Jurassic World, Disney’s The Jungle Book,...

Television TV Channels English Entertainment
SPN India to telecast Real Madrid vs Barcelona at 4:30 pm

Less than two weeks to Christmas and Sony Pictures Sports Network (SPSN) launches its “Christmas Comes Early” campaign as a build-up to the biggest football clash of the year, El Clasico.

Television TV Channels Sports
PEN to launch Hindi music channel Dream TV

MUMBAI: Despite the glut of pure-play Hindi music channels on television today, Popular Entertainment Network (PEN) is adding one more to the fray. The new channel, called Dream TV, will provide 24-hour programming.

Television TV Channels Music and Youth
RTL Group restructures top management

MUMBAI: There’s change at the top at RTL Group–which owns Fremantle Media and operates a clutch of 61 TV channels–including RTL CBS and RTL CBS Extreme–and 30 radio stations in Europe. At his own behest, Guillaume de Posch will step down as co-CEO of RTL Group, effective 1 January 2018. He will...

Television TV Channels People
Disney expected to announce 21 CF buyout tomorrow: media reports

The Mouse House is closing in on the Fox. Media reports have emerged that Disney’s bid to acquire the Murdoch-owned 21st Century Fox (21 CF Fox) group’s entertainment assets is near closure. The price being talked about is anywhere between $60 billion and $68 billion and an announcement is...

Television TV Channels News Broadcasting
World television premiere of Maragadha Naanayam on Zee Tamil

Zee Tamil announced the world television premiere of critically acclaimed Maragadha Naanayam – the fantasy-comedy-thriller film that features Aadhi Pinisetty and Nikki Galrani on Sunday, 17 December at 4:00 PM only on Zee Tamil. Written and directed by ARK Saravan, the movie is a perfect blend of...

Television TV Channels Regional
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories