Sony Corp. is shaking up its leadership ranks in Tokyo and San Mateo, elevating Hiroki Totoki to the top CEO post while Hideaki Nishino takes the reins of Sony Interactive Entertainment as the solo CEO of the unit that houses PlayStation.
The corporate shuffle, effective April 1, was approved late Tuesday by the electronics and entertainment giant’s board of directors in Tokyo. Totoki, a 38-year Sony veteran who most recently served as chief operating officer and chief financial officer, will succeed Kenichiro Yoshida as leader of the company that is a cornerstone of the business landscape in Japan.
Totoki will serve as president and CEO of Sony Corp. The handoff from Yoshida to Totoki also comes with a restructuring of the senior business ranks. Sony Pictures Entertainment, the company’s Hollywood outpost, saw a leadership transition earlier this month when Ravi Ahuja took over CEO duties from Tony Vinciquerra.
Sony Corp. has about 110,000 employees and is a powerhouse in manufacturing cameras and imaging devices and as well as TV sets, PlayStation devices and movies and TV shows through the Culver City-based Sony Pictures Entertainment.
“I am incredibly honored and humbled to have been entrusted with the important role of President and CEO,” Totoki said. “My predecessors as CEO, Kazuo Hirai and Kenichiro Yoshida, have greatly enhanced Sony’s value, and I will do my utmost to further build on this success and pass on an even better Sony to the next generation. At our Corporate Strategy Meeting in May of last year, we newly announced our `Creative Entertainment Vision,’ which outlines where we want Sony to be in 10 years, with our Purpose as the guiding principle. Our greatest driver in achieving this is the diversity of our businesses and people, which is part of Sony’s DNA, and our boundary spanners that transcend organizational barriers and organically connect that diversity to create new value. Together with our employees, creators, partners, and our new leadership team, I will work to create a bright future filled with a boundless sense of Kando (emotion).”
Nishino was elevated to CEO of Sony Interactive’s Platform Business Group in May 2024. He shared oversight of the PlayStation maker with Herman Hulst, who was CEO of the division’s studio business group. Those appointments were made in the wake of the departure of CEO Jim Ryan. The elevation of Nishino to the top post overseeing all of SIE caught industry observers by surprise.
“I am truly honored to take the helm at Sony Interactive Entertainment. Technology and creativity are two of our biggest strengths as we continue to focus on developing experiences that deliver entertainment for everyone. We will continue to grow the PlayStation community in new ways, such as IP expansion, while also delivering the best in technology innovation,” Nishino said. “I want to thank Herman for his expertise and leadership as he continues his role as CEO, Studio Business Group. I am deeply grateful for the PlayStation community and their continued support and I am very excited for what the future holds,” said Hideaki Nishino, CEO, Platform Business Group.
Nishino will serve as president and CEO of Sony Interactive Entertainment in addition to serving as CEO of the Platform Business Group and CEO of the Studio Business Group. Sony said that Hulst will continue to “lead the development, publishing and business operations of SIE’s first party-content.” He will also be tasked with driving Sony’s push for SIE to work with Sony Pictures in developing adaptations of its gaming franchises as TV shows, movies and other mediums through PlayStation Productions.
Lin Tao, newly appointed chief financial officer for Sony Corp.
Other changes unveiled by Sony include the appointment of Lin Tao as the first female CFO in the company’s 80-plus year history. Shinji Sashida was named head of the Imaging and Sensing Solutions division, a key growth area in hardware for the company. Tao is a 20-year Sony veteran who was previously senior VP of finance, corporate strategy and development for Sony Interactive Entertainment.
Yoshida has been at the top of Sony since 2018. During his tenure, he streamlined the company’s operations and furthered its focus on high-margin hardware — such as cameras and video tools — and galvanized the company to put its energy into activities revolving around creativity and entertainment, meaning that its traditional core business of hardware was the foundation but not the focus. Yoshida also upped Sony’s investment in content and entertainment assets, starting one month into his tenure when he expanded Sony Music with the acquisition of EMI for more than $3.5 billion.
In his public remarks, Yoshida frequently expressed that the company had honed its mission and purpose to “fill the world with emotion, through the power of creativity and technology.” Yoshida has been with Sony since 1983. Yoshida emphasized that Tuesday’s announcement had been in the works and that it was his decision to hand the baton to Totoki.
“Based on Hiroki Totoki’s contributions to Sony, including his achievements since being appointed as President and COO in April 2023, I proposed to them that he succeed me as CEO this April,” Yoshida said. “I am grateful to the Nominating Committee and the Board for their support of this proposal. Totoki has been a key member of the management team ever since I became President and CEO in April 2018. He spearheaded growth strategies for the Sony Group, such as our investments in content IP and semiconductors, and is a leader capable of shaping our vision and strategy for future growth. Going forward, I will support Totoki as he leads his new management team.”
(Pictured top: Hiroki Totoki and Hideaki Nishino)
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source variety.com ’
