Sony CFO to Lead Entertainment Electronics Giant as Chairman

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TOKYO (AP) — Sony named a veteran executive as its chairman Thursday to lead the Japanese electronics and entertainment conglomerate through times of change.

Hiroki Totoki, Sony’s chief financial officer, will become president and chief operating officer, Sony Corp. said in a statement.

Kenichiro Yoshida remains president and chief executive officer, signaling continuity at the Tokyo-based maker of PlayStation gaming machines, Bravia TVs and Spider-Man movies.

Sony is forecast to report a decline in earnings in…

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TOKYO (AP) — Sony named a veteran executive as its chairman Thursday to lead the Japanese electronics and entertainment conglomerate through times of change.

Hiroki Totoki, Sony’s chief financial officer, will become president and chief operating officer, Sony Corp. said in a statement.

Kenichiro Yoshida remains president and chief executive officer, signaling continuity at the Tokyo-based maker of PlayStation gaming machines, Bravia TVs and Spider-Man movies.

Sony is forecast to report a decline in earnings in its corporate results update later in the day.

Yoshida proposed the executive change last year to strengthen Sony’s management of its various operations. He won the unanimous approval of the board on Thursday.

Sony, for decades synonymous with Japan’s technological prowess, brought mobile entertainment to the world with the music-on-the-go Walkman more than four decades ago. In recent years, it has come under fire for having difficulty coordinating its sprawling operations, which range from video games and music to digital cameras and robot dogs.

Totoki said that he will try to rise to the challenge.

“I would like to create a positive spiral that starts with customers choosing Sony, which then energizes our employees, allows us to attract more new talent, increases our corporate value and ultimately allows us to give back to the society,” he said. .

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Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

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