Stefan Mileschin

Company's second "mid-range" business plan starts in April

Sony's top corporate executive is pruning himself from the branches of CEO and passing the baton of leadership to new management, according to the company's latest press release. Kazuo Hirai, who served six years as CEO, will soon become Chairman in a move that allows him to focus on other strategies and milestone targets under a second "mid-range" business plan that starts in April.

Hirai is said to have made the decision because he is weary from an intense six-year long travel excursion as chief executive and now wants to spend more hours with his family in Northern California. He has indicated to internal colleagues that as newly appointed Chairman, he intends to stay involved with Sony's US-based entertainment businesses. "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". Hirai said he'd taken the action "for the future of Sony and also for myself to embark on a new chapter in my life".

https://fudzilla.com/news/45519-sony...rai-steps-down