Sony chairman, ex-CEO Stringer to leave amid restructuring

March 09, 2013

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. Kazuko Hirari and Howard Stringer "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. To read this article in full or to leave a comment, please click here

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