- Push-out Score suggests push-out forces
- After about six years in the position
- Praise and thanks for Hirai
- Kenichiro Yoshida taking over
- Hirai will remain as Chairman at Sony
- Hirai spoke at length and said 288 words
(exechange) — Tokyo, Japan, February 2, 2018 — Kaz Hirai, chief executive of Sony, leaves the position. It is a change at short notice. As announced by Sony Corporation in a news release and in a regulatory filing published on Friday, February 2, 2018, Kazuo (Kaz) Hirai leaves his post as Chief Executive Officer at the Japanese electronics giant after about six years in the position, effective April 1, 2018.
Hirai’s duties will be taken over by Kenichiro Yoshida, currently Chief Financial Officer at Sony Corporation.
“The company approaches a crucial juncture”
Hirai’s imminent departure from the CEO post is explained as follows. Hirai said: “As the company approaches a crucial juncture, when we will embark on a new mid-range plan, I consider this to be the ideal time to pass the baton of leadership to new management, for the future of Sony and also for myself to embark on a new chapter in my life.”
Sony said: “The above management transition was proposed by Mr. Hirai to the Sony Nominating Committee, and following deliberation by the Nominating Committee, was approved by the Sony Board of Directors at a Board meeting held earlier today.”
Hirai will remain as Chairman at Sony
“Kazuo Hirai, currently Director, Representative Corporate Executive Officer, President and Chief Executive Officer, will become Director, Chairman, also effective April 1, 2018,” Sony said.
Share price rise since February 2016
The change follows a rise in the share price of Sony Corporation since February 2016.
Chaired by Osamu Nagayama
Sony Corporation is chaired by Osamu Nagayama.
In the position of CEO since 2012
Hirai is the President and CEO of Sony Corporation.
He also serves as a board member of Sony Interactive Entertainment and chairman and Co-CEO of Sony Entertainment.
Hirai became the President and CEO of Sony on April 1, 2012.
Sony will embark on its next mid-range corporate plan
Sony said: “Following this realignment, Sony will embark on its next mid-range corporate plan starting April 1, 2018, under a new management structure led by Yoshida.”
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Kaz Hirai’s imminent move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 6.2018 ($).