You will be redirected back to your article in seconds

Sony exec Stringer to step down

As expected, Howard Stringer will retire from his post as chairman of the board of directors for Sony Corp. in June.

Stringer had remained head of the conglom’s board even after Kazuo Hirai replaced him as president and CEO last April. As part of the arrangement, Stringer agreed to stay on Sony’s board for a transitional period, but had planned to leave at the conclusion of that term.

Stringer made the announcement of his retirement during a speech Friday at the Japan Society in New York.

Stringer served as CEO of Sony Corp. from 2005 to 2012. During his tenure, he oversaw the launch of the PlayStation and Sony Entertainment Networks, as well as the purchase of EMI Music publishing in June.

But the company’s core manufacturing business has struggled in recent years, and Sony has come under pressure to shed non-core assets, including some of its real estate holdings. The conglom has recently held talks to sell at least two U.S.-based businesses, Gracenote and DADC.

Hirai praised Stringer’s “innumerable” achievements in a statement issued Friday, pointing toward his efforts to grow the company’s film and television businesses into key drivers of profit.

More Film

  • BondIt Media Capital

    BondIt Media Capital Closes $20 Million Credit Facility (EXCLUSIVE)

    As expected, Howard Stringer will retire from his post as chairman of the board of directors for Sony Corp. in June. Stringer had remained head of the conglom’s board even after Kazuo Hirai replaced him as president and CEO last April. As part of the arrangement, Stringer agreed to stay on Sony’s board for a […]

  • Brookings Institution presents "The Life She

    Brookings Institution Doc Puts a Human Face on the Medical Marijuana Movement

    As expected, Howard Stringer will retire from his post as chairman of the board of directors for Sony Corp. in June. Stringer had remained head of the conglom’s board even after Kazuo Hirai replaced him as president and CEO last April. As part of the arrangement, Stringer agreed to stay on Sony’s board for a […]

  • Playback Podcast: Aaron Katz on 'Gemini'

    Playback: Aaron Katz on 'Gemini' and the Erosion of Mid-Budget Studio Filmmaking

    As expected, Howard Stringer will retire from his post as chairman of the board of directors for Sony Corp. in June. Stringer had remained head of the conglom’s board even after Kazuo Hirai replaced him as president and CEO last April. As part of the arrangement, Stringer agreed to stay on Sony’s board for a […]

  • The Equalizer 2 trailer

    Denzel Washington Is Back in Action in 'Equalizer 2' Trailer

    As expected, Howard Stringer will retire from his post as chairman of the board of directors for Sony Corp. in June. Stringer had remained head of the conglom’s board even after Kazuo Hirai replaced him as president and CEO last April. As part of the arrangement, Stringer agreed to stay on Sony’s board for a […]

  • Robert Redford

    Robert Redford's 'The Old Man and the Gun' Lands Awards-Season Opening

    As expected, Howard Stringer will retire from his post as chairman of the board of directors for Sony Corp. in June. Stringer had remained head of the conglom’s board even after Kazuo Hirai replaced him as president and CEO last April. As part of the arrangement, Stringer agreed to stay on Sony’s board for a […]

More From Our Brands

Access exclusive content