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Sony CEO Steps Down Amidst Company’s Rally
By Joseph Tepper, February 5, 2018 @ 09:51 AM (EST)
Source: Reuters

It's hard to believe that six years ago Sony was in a perilous position. In 2012, the company reported nearly $3 billion in losses. It was then that Kaz Hirai stepped in as CEO and promised to turn things around largely on the shoulders of the imaging department. 

How times have changed. Today, Sony has about 50 percent of the image sensor market share and continues to (rightfully) receive critical and commercial success for their cutting edge mirrorless cameras. Last year, Sony posted a record-breaking quarter profit of $1.43 billion.

Now that the ship has been righted, Kaz Hirai is stepping down as Sony’s CEO—although he will continue to serve as President of Sony. His spot will be filled by Chief Financial Officer Kenichiro Yoshida, who helped financially restructure the company in 2014. 

Learn more about the changes at Sony in this press release

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