Kaz Hiari announced he will be stepping down as CEO after six years on April 1. He will be replaced by Sony CFO Kenichiro Yoshida and Hiari will take place as the director chairman at Sony.
Ever since my appointment as President and CEO in April 2012, I have stated that my mission is to ensure Sony continues to be a company that provides customers with kando – to move them emotionally – and inspires and fulfills their curiosity. To this end, I have dedicated myself to transforming the company and enhancing its profitability, and am very proud that now, in the third and final year of our current mid-range corporate plan, we are expecting to exceed our financial targets.
Over the past six years with Kaz Hiari running Sony, he was able redirect the brand from being 2nd place with last generation’s Playstation 3 to exceeding in sales for this current gen with the Playstation 4. Even a statement regarding Hiari’s achievements as Sony CEO, Chairman of the Board Osamu Nagayama said “The Board is grateful to Kazuo Hirai for his outstanding contribution over the past six years, taking leadership of the company amidst an extremely challenging business environment in 2012, and making great progress in revitalizing Sony’s business. Given these achievements, we were initially surprised by his proposal to step down from the role of President and CEO, but over time and following extensive further discussions we ultimately reached a decision to respect his wishes.”
As for what to expect with the future of Sony and Playstation, time will tell as Yoshida makes his way to CEO later this April.