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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuessonypersonnelconsumer electronics

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

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?