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November 17, 2020
Transition to new management structure for Electronics Products & Solutions business
Tokyo, Japan - In May this year, Sony Corporation ("Sony") announced a series of changes to the Sony Group's organizational structure. A new overall management framework for Sony Group Corporation ("SGC"), and the Electronics Products & Solutions business ("EP&S"), that will succeed to the Sony Corporation company name, has been determined.
In the area of EP&S, Sony Electronics Corporation, Sony Imaging Products & Solutions Inc., Sony Home Entertainment & Sound Products Inc. and Sony Mobile Communications Inc. will be integrated and engage in the unified management of these businesses. Furthermore, certain support functions for the electronics business that have been carried out by the headquarters (the current Sony Corporation) until now, will be consolidated within the new integrated structure (Sony Corporation after April, 2021). This will further elevate the autonomy of each business; accelerate organizational, talent and business portfolio optimization; while also bolstering the capacity for new value creation.
In conjunction with the establishment of this structure, Kimio Maki will be appointed President and CEO of the new Sony Corporation. Under his leadership the company will introduce a renewed management structure, further reinforce its business foundations, and embark on new evolution and growth.
With regards to SGC, in order to further reinforce the technological strength that empowers all of the Sony Group's businesses, Toru Katsumoto, Executive Deputy President, will be appointed CTO (Chief Technology Officer) of SGC, effective December 1, 2020. SGC will be dedicated to functioning as the headquarters of the Sony Group, and will lead and support the evolution of the Group's businesses through its array of talent and technology, to drive further evolution and growth across the Sony Group.