Sony to Appoint Hiroki Totoki as Chairman

Sony to Appoint Hiroki Totoki as Chairman

Sony announces personnel change; Yoshida to remain CEO

Sony announced that Kenichiro Yoshida would remain as CEO, while executive vice president Hiroki Totoki will take on the position of president of the group, starting April 1, according to the Nikkei newspaper. The announcement is expected to be made official today along with Sony’s quarterly financial report for October to December.

A press conference related to the change of personnel has been called for 16:00 local time (07:00 GMT). The change of presidency is set to take effect with the start of the new Japanese fiscal year.

Totoki, 58, has a degree in Commerce from the Waseda University and joined Sony in 1987, having held roles focused on finance. In 2016, he assumed the position of executive vice president and two years later that of financial director.

Yoshida, 63, joined the company in 1983, working mainly in the financial department. In 2013, he returned to the parent company as deputy financial director and a year later was named Sony’s CFO under the chairmanship of Kazuo Hirai.

Both men have been key figures in Sony’s growth, and help a key role in the creation of Son Banky in 2001.

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