We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Video: Sony CEO Howard Stringer hands the reins to Kazuo Hirai


Sony's CEO Howard Stringer appeared alongside his incoming replacement at a press conference in Tokyo.

Kazuo Hirai, who currently heads the company's core consumer products division, will take over in April, at the start of the new fiscal year.

Stringer's term will have lasted seven years.

 "Now more than ever it's time to bring about generational change, and I am happy to be an agent of change, and thrilled that the symbol and reality of it will be my friend and colleague, Kaz Hirai".

The two appeared side-by-side for perhaps the last time in Tokyo, after the company announced its third-quarter earnings.

Sony now expects to lose nearly three billion dollars in the current fiscal year through March.

The company booked several one-time accounting charges, but also saw sales fall in its core consumer division, where it swung into a deep loss from a year earlier.

Hirai's main challenge is Sony's TV business, which has been in the red for eight years, but Hirai said the company no intentions to quit the business.

Howard Stringer, who led the company for seven years, including deep losses through his last four, faced repeated questions about his legacy.

"It would be nice if there were no earthquakes, no floods, no hackers, no anything, but on our own skills, we can get the company back to the targets we've already issued, which is five percent, and we'll be back. And when we do come back, I'll come back to this press conference and address one or two of you reporters again."

For IDG News Service, this is Jay Alabaster in Tokyo.

 

Video Source: IDGNS Tokyo
Article Author:
Video Category: News

Share this video



Comments

Most Popular Videos
5 reasons why PCs are better than Macs: Mac vs Windows PC - which is best? play video

5 reasons why PCs are better than Macs: Mac vs Windows PC - which is best?

What is best: Mac or PC? Here we examine five key areas, and help you to decide if you should buy a Mac or a Windows PC or laptop. (Answer: get a Windows machine.)
watch video »


Acer Aspire Switch 10 video review: A Windows 8 hybrid on a budget play video

Acer Aspire Switch 10 video review: A Windows 8 hybrid on a budget

The Acer Aspire Switch 10 is a cheap laptop and tablet in one. Watch our video review to find out more about this Windows 8.1 gadget.
watch video »


Road trip! We travel the length of the country to find out the UK's best mobile networks of 2014 play video

Road trip! We travel the length of the country to find out the UK's best mobile networks of 2014

We took to the road to test mobile broadband under real-world conditions over the length of the UK. We traveled from London to Edinburgh to discover which 3G and 4G networks are best for speed, best for reliability.
watch video »




IDG UK Sites

Android One vs Android Silver vs Google Nexus: What is the difference?

IDG UK Sites

Apple updates MacBook Pro line-up: Price cuts & spec boosts for 6 MacBook Pro models

IDG UK Sites

Long live the internet fridge: the Internet of Things is coming

IDG UK Sites

How Prometheus' colourist Juan Ignacio Cabrera gave a tense, edgy feel to Chosen