Sony shareholders approved a new management setup at the Japanese electronics and entertainment co
mpany on Friday that will center power around Chief Executive Howard Stringer and a team of younger executives. They approved 15 directors, including Welsh-born American Stringer, the first foreigner to head Sony, who is taking on an additional title of president as well as serving as chairman and chief executive. Ryoji Chubachi, who has resigned as president, will remain a director. He will become vice chairman overseeing product quality and environment policies and take a more supportive role. Another part of Sony's new management reshuffle, which has gained public attention recently, is the appointment of Masao Morita, the son of Sony co-founder Akio Morita, as the head of the company's music and movies operations in Japan. Sony has been no exception among Japan's export-reliant manufacturers in racking up huge losses for the fiscal year that ended in March -- its first.
mpany on Friday that will center power around Chief Executive Howard Stringer and a team of younger executives. They approved 15 directors, including Welsh-born American Stringer, the first foreigner to head Sony, who is taking on an additional title of president as well as serving as chairman and chief executive. Ryoji Chubachi, who has resigned as president, will remain a director. He will become vice chairman overseeing product quality and environment policies and take a more supportive role. Another part of Sony's new management reshuffle, which has gained public attention recently, is the appointment of Masao Morita, the son of Sony co-founder Akio Morita, as the head of the company's music and movies operations in Japan. Sony has been no exception among Japan's export-reliant manufacturers in racking up huge losses for the fiscal year that ended in March -- its first.For further details visit at:www.businessweek.com/ap/financialnews/D98TIJ002.htm
No comments:
Post a Comment