You are viewing the archive: “Kazuo Hirai”

Sony CEO Says Board Will Have “Thorough Discussion” About Selling Showbiz Units: Video

By THE DEADLINE TEAM | Thursday May 30, 2013 @ 2:49pm PDTTags: Daniel Loeb, Kazuo Hirai, Sony, Third Point

“It’s premature at this point in time to speculate one way or the other,” Sony president and CEO Kazuo Hirai told CNBC today when asked whether an investor proposal to sell off portions of the company’s entertainment assets will succeed. The Sony chief made his comments as the company hired Morgan Stanley and Citi to review the proposal from shareholder Daniel Loeb’s hedge fund Third Point. “The process really is, as was described earlier, a discussion that needs happen really at the board level of the organization and we want to make sure that we have a through discussion of the merits of the proposal before we come to any conclusion,” he told the business network. Any discussion of Third Point’s proposal will have to wait until the new Sony board is elected later this month.

Related: Who Is Daniel Loeb And What Does He Want With Sony?

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Sony/ATV Becomes Top Music Publisher With Acquisition of EMI Catalog

By DAVID LIEBERMAN, Executive Editor | Friday June 29, 2012 @ 12:36pm PDTTags: EMI Music Group, Kazuo Hirai, Sony/ATV

It’s a big day in music publishing with the closing of the $2.2B cash and debt deal by a consortium led by Sony/ATV — Sony’s partnership with Michael Jackson’s estate — for one of the industry’s crown … Read More »

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Sony Chief Lays Out Plan To “Revitalize” Electronics Business

By DAVID LIEBERMAN, Executive Editor | Thursday April 12, 2012 @ 4:33am PDTTags: Kazuo Hirai, Sony

CEO Kazuo Hirai says his effort will result in major changes in the television and mobile businesses — and confirmed his plan to slash about 10,000 jobs this year, equal to 6% of Sony’s employees worldwide. But he … Read More »

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Sony Tax Charge Results In Record Loss For Latest Fiscal Year

By DAVID LIEBERMAN, Executive Editor | Tuesday April 10, 2012 @ 4:19am PDTTags: Kazuo Hirai, Sony

The company’s U.S. shares are down nearly 8% in pre-market trading after it said that it lost about $6.4B in the fiscal year that ended in March — up from the $2.7B loss it projected in February. The difference is due … Read More »

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Sony Plans To Slash 10,000 Jobs: Reports

By DAVID LIEBERMAN, Executive Editor | Monday April 9, 2012 @ 4:52am PDTTags: Kazuo Hirai, Sony

The total represents about 6% of its workforce, according to multiple reports apparently beginning with Japan’s Nikkei. About half of the layoffs will come from Sony’s chemicals and its flat-panel businesses. Development Bank of Japan has already agreed to … Read More »

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Sony’s New CEO Reorganizes Electronics Businesses, And Will Oversee TV Sets

By DAVID LIEBERMAN, Executive Editor | Tuesday March 27, 2012 @ 4:12am PDTTags: Kazuo Hirai, Sony

Kazuo Hirai officially replaces Howard Stringer as Sony’s CEO next week. But today he signalled his determination to revitalize Sony’s struggling electronics operations — and potentially take on its more glamorous rival, Apple – by unveiling a wide-ranging reorg. The new plan eliminates the company’s consumer products and services group, which Hirai had led, and the business-oriented professional device and solutions group. Hirai will personally run a new Home Entertainment Business that will include TV sets, arguably Sony’s most important product right now. But the company says that it is “positioning digital imaging, game and mobile as the three core pillars of its electronics business, and going forward aims to concentrate its resources in these areas to further reinforce the businesses.” Here’s the company’s announcement: Read More »

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Sony Reports Year-End Loss And More Bad News Ahead

By DAVID LIEBERMAN, Executive Editor | Thursday February 2, 2012 @ 3:46am PSTTags: Arthur Christmas, Glee, Howard Stringer, Kazuo Hirai, Sony Earnings

Now we know why Sony wanted to announce yesterday that Kazuo Hirai will replace Howard Stringer as CEO in April. U.S. shares are down about 5.4% in pre-market trading after the electronics and entertainment giant released a fiscal 3Q … Read More »

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Sony Names Kazuo Hirai President & CEO; Howard Stringer Chairman Of The Board

By NANCY TARTAGLIONE, International Editor | Wednesday February 1, 2012 @ 2:34am PSTTags: Howard Stringer, Kazuo Hirai, Sony Corp

Sony Corp has announced the ascension of Kazuo Hirai to the role of president and CEO, with current chief Howard Stringer to become chairman of the board of directors. The moves were expected as Sony last year expanded Hirai’s duties to oversee all of its all-important consumer products and services business. The Sony press release is below:

TOKYO, Japan – Sony Corporation (“Sony”) today announced that Kazuo Hirai has been appointed as President and Chief Executive Officer, effective April 1, 2012. Sir Howard Stringer, currently Chairman, CEO and President, will become Chairman of the Board of Directors in June, 2012.

Mr. Stringer recommended to the Sony Board of Directors that Mr. Hirai, currently Executive Deputy President, be his successor as President and CEO. Mr. Stringer will continue as Chairman of Sony Corporation until his ascension to the Board Chairmanship, which will become effective upon Board approval following the annual meeting of shareholders in June, when the current Chairman, Yotaro Kobayashi, will retire. Mr. Hirai is also expected to be appointed to the Board at the June shareholders meeting.

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