Bloomberg News

Sony Says Board Hasn’t Decided to Elevate Hirai to President

January 06, 2012

Jan. 6 (Bloomberg) -- Sony Corp. said it hasn’t made a formal decision to elevate Executive Deputy President Kaz Hirai to president.

No decision has been made by Sony’s board, which is entrusted with making such appointments, Shiro Kambe, a company spokesman in Tokyo, said today in an e-mail. He declined to comment further.

The Japanese news service Nikkei reported earlier that Hirai, 51, would be promoted to president by April, while Chairman and Chief Executive Officer Howard Stringer would retain his posts. Such a move would be in keeping with the consumer electronics company’s current succession plans.

Stringer, 69, told Bloomberg Businessweek in November that he doesn’t plan to step down soon. His latest three-year turnaround plan ends in March 2013, at which point Hirai probably will take over, according to several people interviewed for that story.

--With assistance from Cliff Edwards in San Francisco. Editors: Anthony Palazzo, Rob Golum

To contact the reporter on this story: Bryan Gruley in Chicago at bgruley@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net -0- Jan/06/2012 20:36 GMT


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