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Sony Names Sir Howard Stringer as First Foreign Chairman and CEO

Authored by Mark Hefflinger on March 7, 2005 - 6:52am.
Tokyo -- Japanese electronics and media giant Sony Corporation on Monday appointed its first foreign chairman and chief executive, former CBS executive Sir Howard Stringer, who will replace outgoing company head Nobuyuki Idei. Stringer, who was born in Wales, holds dual British-American citizenship and speaks no Japanese, was previously vice chairman at Sony and CEO of Sony Corp. of America. "As with all great institutions, Sony has built a tremendous legacy over 60 years. But we cannot let that trap us or inhibit us. We need to take that legacy and reinvent it," Stringer said. "The dynamics and competitive landscape have changed. The pace of innovation across all the businesses in which we compete has changed. So Sony too must change." Sony also announced that company president Kunitake Ando will step down, to be replaced by Ryoji Chubachi, an executive with Sony Electronics.
tags: Sony | CEO | Sir Howard Stringer | Foreign Chairman |