financetom
Business
financetom
/
Business
/
Sony's Totoki takes CEO role, cementing leadership postion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sony's Totoki takes CEO role, cementing leadership postion
Jan 28, 2025 9:16 PM

TOKYO, Jan 29 (Reuters) - Sony Group ( SONY ) President

Hiroki Totoki will add the CEO role from April 1, while

incumbent Chairman and CEO Kenichiro Yoshida will remain as

chairman, the entertainment and technology conglomerate said on

Wednesday.

The moves cement the leadership position of Totoki, who

assumed the president's post in 2023 and has also served as

finance chief of the company.

Sony ( SONY ), once famous for its consumer electronics such as the

Walkman, is aiming to strengthen its position in entertainment,

with Yoshida credited with helping to have engineered the shift.

Totoki already helms Sony's ( SONY ) earnings briefings and took

the role of chairman of the key gaming unit behind the

PlayStation 5 console as it took steps to improve margins.

"(Totoki) spearheaded growth strategies for the Sony

Group ( SONY ), such as our investments in content IP and semiconductors,

and is a leader capable of shaping our vision and strategy for

future growth," Yoshida said in a company statement.

Lin Tao will become the first woman to serve as chief

financial officer, after serving as an executive at the games

business, with Hideaki Nishino to become CEO of that unit after

serving as head of the technology side of the business.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Mullen Automotive Shares Are Gaining Today
Why Mullen Automotive Shares Are Gaining Today
Sep 6, 2024
Mullen Automotive, Inc. ( MULN ) shares are trading higher on Wednesday. Today, the company announced the dispatch of the first batch of vehicles as part of a substantial $210 million contract with Volt Mobility, a UAE-based company. Under this agreement, Mullen said it will start recognizing revenue in the first fiscal quarter beginning October 1, 2024. The contract involves...
HSBC Faces Renewed Regulatory Scrutiny Over Data Practices And Risk Management: Report
HSBC Faces Renewed Regulatory Scrutiny Over Data Practices And Risk Management: Report
Sep 6, 2024
HSBC Holdings, plc ( HSBC ). shares are trading higher on Wednesday. UK regulators have reportedly instructed HSBC ( HSBC ) to reassess its data collection and monitoring practices, focusing on the data crucial for its risk management systems in investment banking and trading. The Bank of England’s Prudential Regulation Authority has directed HSBC ( HSBC ) to commission a...
Psyence Biomedical (PBM) Stock Is Down 30%: What's Going On?
Psyence Biomedical (PBM) Stock Is Down 30%: What's Going On?
Sep 6, 2024
Psyence Biomedical Ltd ( PBM ) shares are trading lower by 28.6% to $0.25 during Wednesday’s session. The company earlier announced it entered into an exclusive licensing agreement with PsyLabs, a company specializing in psychedelic pharmaceutical ingredients. Under this agreement, PsyLabs will provide Psyence Biomed with pharmaceutical-grade, nature-derived psilocybin for use in clinical trials and potential commercialization. Psyence Biomed plans...
Centene's Iowa Total Care Gets 4-Year Medicaid Contract
Centene's Iowa Total Care Gets 4-Year Medicaid Contract
Sep 6, 2024
12:21 PM EDT, 09/04/2024 (MT Newswires) -- Centene ( CNC ) said Wednesday that its Iowa Total Care unit is selected by the Iowa Department of Health and Human Services for continued provision of Medicaid managed care services. The services will be provided under the Iowa Health Link program, according to Centene ( CNC ). The contract will begin July...
Copyright 2023-2025 - www.financetom.com All Rights Reserved