Sony Corporation on Wednesday confirmed the appointment of executive deputy president Kazuo Hirai as CEO and company president, replacing Howard Stringer, who is currently President and CEO. Hirai will assume his new position on April 1st and Stringer will take a new role on the company’s board of directors as its chairman starting in June. ”Kaz is a globally focused executive for whom technology and the cloud are familiar territory, content is highly valued, and digital transformation is second ...

Kazuo Hirai will take over as the president of Sony in the next few months, Nikkei reported on Friday. Howard Stringer, who previously had served as the president, chairman and CEO of the company will remain on board as chief executive officer. Sony is expected to be a big presence at the Consumer Electronics Show this year and could unveil a “different kind of TV set” early next week. Sony also recently announced that it will purchase Ericsson’s stake in its Sony Ericsson joint venture for...

All eyes have been on Apple to reinvent the television set, but Sony CEO Howard Stringer recently confirmed that Sony, too, is working on re-imagining the TV. “There’s a tremendous amount of R&D going into a different kind of TV set,” Stringer said during a breakfast hosted recently by The Wall Street Journal. “We can’t continue selling TV sets [as we currently do]. Every TV set we all make loses money.” Stringer said that he has “no doubt” that Steve Jobs h...

Nearly two and a half months after its networks were breached by the hacker group LulzSec, Sony will finish restoring its PlayStation Network later this week when it reactivates the service in Japan. According to Bloomberg, Sony has been working with the FBI to identify the LulzSec hackers who were responsible for the attack on its San Diego data centers, during which the hackers obtained account information for more than 100 million PlayStation Network users. Reportedly, LulzSec rented and used servers from ...

In an effort to fuel growth across the company, Sony’s CEO — Howard Stringer — has taken a 16% cut in his annual pay according to The Wall Street Journal. Stringer will take home $4.27 million for the fiscal year that ended March 30th, down from the $5.25 million he made last year. During Sony’s shareholder meeting on Tuesday, PlayStation head Kazuo Hirai said that the firm’s “most important task” was turning around its television business — an arm of Sony that has seen sev...

Speaking to The New York Times in an interview on Tuesday, Sony’s CEO Howard Stringer discussed the company’s recent security breach, and what his firm is doing to make sure such a large scale attack doesn’t happen again. Stringer argued that Sony reported the breach quickly, despite waiting nearly a week to notify its customers that hackers had stolen personal information, including credit card numbers. “We still have a lot of investigation to do to find out how this happened, but we&...

Sony will access to its PlayStation Network and Qriocity services by May 31st, Bloomberg is reporting. Sony took its networks offline after a confirmed 101 million accounts were compromised and 12.3 million credit card numbers were stolen by hackers. Sony’s president, chairman, and CEO, Howard Stringer, has said Sony is “absolutely dedicated to restoring full and safe service as soon as possible,” and has promised users a “Welcome Back” package that includes a free month of its P...

While speaking at an event in New York on April 1st, Sony CEO Sir Howard Stringer may have accidentally let slip info regarding Apple’s next-generation iPhone 5. Apple has been rumored to be looking for a new camera module supplier for some time, and now it looks as though Sony may be that supplier. Stringer, while speaking to The Wall Street Journal’s Walt Mossberg on stage at Carnegie Hall, mentioned that Sony’s image sensor facility in Sendai was impacted by the recent catastrophe in Japa...

Things aren’t looking too hot for Sony CEO Howard Stringer. Back in October his company predicted that it would end its current fiscal year with an operating profit of $2.2-billion but a Japanese newspaper is reporting Sony is well on track for a loss of at least $1.1 billion. So what happened to Sony? For starters the Japanese economy, the second largest in the world, was one of hardest hit victims of the credit crunch. Japan’s largest stock market index, the Nikkei 225, ended 2008 down 50% from ...