Sony Chief Exec Named President
Posted in: sony, Today's ChiliSony today announced that its chairman and chief executive will be collecting yet another title for his door as the company’s new president. Howard Stringer will be replacing Ryoji Chubachi in that position.
The company, which has had a less than spectacular year, will also be doing some major reshuffling in its electronics and gaming divisions. “We have two distinct challenges facing us,” Stringer announced in press conference. “The first is the global slowdown, which force us to make significant adjustments. The second challenge is the evolution of our competitive environment. New competitors springing out everywhere.”
The news of reorganization comes after an announcement that Sony will be eliminating some 16,000 jobs worldwide.