Former Sony CEO Stringer to retire
Worldwide, Daily news | ankakh | March 11, 2013 15:35Howard Stringer, the first foreigner to lead Japanese electronics giant Sony during some of its most challenging times, has announced he will retire from the struggling firm.
The Welsh-born American stepped down as chief executive in February last year to become the non-executive chairman, a job title that often precedes retirement in major Japanese firms.
And on Friday the 71-year-old said he would leave the firm that he headed during a tumultuous period that included an embarrassing data breach at its online gaming service and struggles in its money-losing television unit.
Stringer, a former journalist, had a long career at US broadcaster CBS before joining Sony, rising to become chief executive in 2005 as the Japanese giant’s first foreign chief.
He was succeeded by Kazuo Hirai, a games and music veteran, who said in a statement that “Howard’s achievements as CEO of Sony are innumerable”, citing a reorganisation of the firm’s corporate focus.
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