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Tokyo — Sony Group president Hiroki Totoki will add the CEO role from April 1, while incumbent chair and CEO Kenichiro Yoshida will remain as chair, the entertainment and technology conglomerate said.
The moves cement the leadership of Totoki as Sony, once famous for its consumer electronics such as the Walkman, pushes to strengthen its position in entertainment. Yoshida is credited with helping engineer the shift.
Shares in Sony, whose business includes movies, music and image sensors, closed 3.8% higher, outperforming a 1% rise in the broader Tokyo market on Wednesday.
Totoki assumed the president’s post in 2023 and has also served as finance chief. He already helms Sony’s earnings briefings and took the role of chair of the gaming unit behind the PlayStation 5 console as it took steps to improve margins.
“He spearheaded growth strategies for the Sony Group, such as our investments in content IP [intellectual property] and semiconductors, and is a leader capable of shaping our vision and strategy for growth,” Yoshida said in a company statement.
Lin Tao become the first woman to serve as CFO after serving as an executive at the games business. Hideaki Nishino was appointed CEO of that unit after serving as head of the technology side of the business.
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