December 03, 2006

Sony Names New President After PS3 Fiasco

Ken Kutragi is will give up current role as president and become chairman. Ken will have a more strategic role and give up day-to-day operations control. Kazuo Hirai will become the new president and chief operating officer. This comes at a time when the Playstation 3 is reeling from component supply issues and being unable to launch at sufficient quantities. Ken Kutaragi was one rumored to be a leading candidate to become CEO of Sony. Now it seems he is all but gone as a future candidate.