Sony Chairman, ex-CEO Howard Stringer to quit

The Sony executive said he will pursue 'new opportunities' that he's recently received

Sony Chairman and former CEO Howard Stringer, who has been at the company since 1997, will be leaving the company in June.

Stringer led Sony for seven years, facing harsh criticism as losses mounted before he was replaced last year. Speaking at an event at the Japan Society in New York on Friday, the executive said he would be leaving for a new offer, without divulging details.

"A new world is opening up for me, too, one that allows me to complete my plan to retire from Sony, which I expect to do at the conclusion of my term later this year.  That will allow me to move forward with new opportunities Ive been presented with lately," he said, according to a script of his comments provided to IDG News Service by Sony.

Stringer moved to become chairman of Sony in June of last year. He was replaced by current Sony CEO Kazuo Hirai, who issued a statement thanking his predecessor. Like Stringer before him, Hirai has implemented broad restructuring and job cuts to stem the company's losses.

"During the past year, he continued to provide me and the new management team with his invaluable support and insights as Chairman of the Board, on issues ranging from structural reorganization to strategic investment and M&A," Hirai said.

Stringer, the British-born former president of CBS who was knighted in 2000, joined Sony in 1997. He oversaw the cutting of about 10,000 jobs and slashed numerous product companies, while also selling off company assets to raise cash and closing factories.

The selection of a foreigner to lead a beloved Japanese company like Sony was seen as controversial domestically, and Stringer, who split his time between Japan, the US and UK, was sometimes criticized by local media and shareholders for not spending enough time in Tokyo.

Sony has stuck to its target for a small profit this fiscal year through March under Hirai, despite disappointing sales during the holiday season in key products like PlayStation game consoles. The company has recently sold off a string of pricey assets, including its New York headquarters, a large building complex in Tokyo and stock holdings

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuespersonnelconsumer electronicssony

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?