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 »


Nokia Lumia 735 video review: Selfie smartphone is last to wield Nokia logo play video

Nokia Lumia 735 video review: Selfie smartphone is last to wield Nokia logo

We check out the selfie smartphone for Windows Phone users, the Nokia Lumia 735.
watch video »


Apple iPad mini 3 video review - and why we could have used last year's iPad mini 2 footage play video

Apple iPad mini 3 video review - and why we could have used last year's iPad mini 2 footage

The iPad mini 3 is Apple's latest small tablet, but it's hard to spot the differences from last year's iPad mini. Here's our iPad mini 3 video review.
watch video »




IDG UK Sites

Best Black Friday 2014 tech deals: Get bargains on smartphones, tablets, laptops and more

IDG UK Sites

What the Internet of Things will look like in 2015: homes will get smarter, people might get fitter

IDG UK Sites

See how Trunk's animated ad helped Ade Edmondson plug The Car Buying Service

IDG UK Sites

Yosemite tips: Complete Guide to OS X Yosemite