Sony to appoint Kazuo Hirai as new CEOFebruary 1, 2012 - 15:48 AMT PanARMENIAN.Net - Sony Corp. announced Wednesday, February 1 that Kazuo Hirai, who leads the company's core consumer products business, will replace Howard Stringer as CEO and president as the electronics and entertainment company tries to turn around its fortunes, AP reported. The 51-year-old Hirai, currently executive deputy president, was widely expected to succeed Stringer, who will become chairman of the board of directors in June, Sony said in a statement. Hirai had also led the company's gaming business in the past. In 2009, Hirai was named as part of a new management team to lead Sony, and Stringer had told the board he recommended Hirai replace him. "Kaz is a globally focused executive," Stringer said in a statement. "I believe his tough-mindedness and leadership skills will be of great benefit to the company and its customers in the months and years ahead. I look forward to helping Kaz in every way I can so that succession leads inevitably to success." Battered by the strong yen and poor sales in its flat panel TV business, Sony has forecast its fourth year of net loss for the fiscal year through March. It will announce fiscal third quarter earnings on Thursday. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |