Kaz Hirai steps down as Sony CEO, Kenichiro Yoshida named as replacement

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Kazuo “Kaz” Hirai’s six-year reign as Sony CEO will come to an end this March, as CFO Kenichiro Yoshida is taking over at the start of the next financial year. Yoshida is credited with helping turn around Sony’s finances throughout much of Hirai’s tenure, which began with a much-vaunted “One Sony” streamlining initiative. Hirai will move into the role of chairman, while Yoshida’s CFO role will go to mobile head and chief strategy officer Hiroki Totoki.

Hirai hired Yoshida as Sony’s strategy chief early on, and the pair worked together to restructure the fractured corporation, steering it into the black after several years of losses. The company has cut back or sold off businesses like the VAIO PC division, focusing on areas of strength…

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