Sony has confirmed the promotion of Michael Lynton to CEO of Sony Corporation of America, announcing that the appointment will take effect June 27.
Additionally, studio has confirmed that Sony general counsel and executive vice president Nicole Seligman will become prexy of SCA.
News of the promotions broke last week amidst rumblings that Sony’s Japanese owners are mulling a sale of its U.S. entertainment operations.
Lynton shares the title of chairman with Amy Pascal, and Sony has confirmed that the pair will continue running studio operations.
Promotions come as part of exec shuffles at Sony’s top ranks, including the replacement of chairman and chief executive Howard Stringer with executive deputy president Kazuo Hirai April 1. Stringer, who has been chairman and CEO of SCA since 1998, is expected to become chairman of the Sony board of directors after he transitions out of his current role.
As part of his new duties, Lynton will oversee Sony’s entertainment businesses, including Sony Music Entertainment, Sony/ATV Music Publishing and SPE. Seligman will have responsibility for Sony’s U.S. headquarters operations.
SME CEO Doug Morris, Sony/ATV Chairman and CEO Martin Bandier and Pascal will report to Lynton when his appointment takes effect.
Sony said it had no plans for management changes in its statement announcing the transition.