• 1) President Nobuyuki Idei will become Co-Chief Executive Officer (Co-CEO), effective immediately.
  In his role as Co-CEO, President Idei will share with Chairman and CEO Norio Ohga the responsibility for overseeing the management operations of both Sony Corporation and the entire Sony Group as well.
• 2) Sony has introduced a new group management system effective May 1, 1998. The new system replaces the special corporate executive officer positions that were created for top management of major subsidiaries and affiliated companies last June with new group executive officer positions.
  The criteria used in appointing the executives from subsidiaries and affiliated companies to new group executive officers will be the same as that used to appoint corporate executive officers. Appointments will be made based on the capabilities and performance of the candidates rather than the rank they hold in their respective companies.

The above change has been implemented as part of an on-going effort to optimize the management effectiveness of Sony Group operations worldwide.

Sony Group Executive Officers ( effective May 1, 1998 )

• Name
  Company Title / Company Name
  
• Ken Iwaki
  president, Sony Life Insurance Co., Ltd.
• Junichi Kodera
  president and representative director, Sony
  Marketing (Japan), Inc.
• Yoshio Ishigaki
  president, Aiwa Co., Ltd.
• Shugo Matsuo
  chairman, Sony Music Entertainment (Japan),Inc.
• Sumio Sano
  president, Sony Precision Technology Inc.
• Teruaki Aoki
  president and COO, Sony Electronics Inc.
• Motoyasu Kanasugi
  president, Sony Finance International Inc.
• Shigeo Maruyama
  president, Sony Music Entertainment (Japan),Inc.
• Toshiyuki Yamada
  member of the board of trustees, Sony Institute
  of Higher Education
• Masahiro Hayashi
  executive deputy president and representative
  director, Sony Marketing (Japan), Inc.
• Toshiharu Sawada
  senior managing director, Sony Marketing(Japan), Inc.
• Masao Morita
  counsellor, Sony Music Entertainment (Japan),Inc.
• Teruhisa Tokunaka
  president, Sony Computer Entertainment, Inc.
• Ken Kutaragi
  executive deputy president, Sony Computer
  Entertainment, Inc.
• Jakob J. Schmuckli
  chairman and CEO, Sony Europe
• Howard Stringer
  president and COO, Sony Corporation of America
• Thomas D. Mottola
  president and CEO, Sony Music Entertainment,Inc.
• John Calley
  president and CEO, Sony Pictures
  Entertainment, Inc.

to be named Group Executive Officer effective June 26, 1998:

• Teruo Masaki
  deputy president, Sony Corporation of America

• 3) New member for Board of directors ( effective June 26, 1998 )

• Akiyoshi Kawashima
  corporate senior vice president and president,
  Recording Media & Energy Company, Sony
  Corporation

• 4) Resigning director
  Tsunao Hashimoto, vice chairman and representative director, Sony Corporation, will resign from the board of directors, effective June 26, 1998. Mr. Hashimoto will assume the role of advisor, Sony Corporation, as of June 26, and will be named chairman and representative director of Sony Life Insurance Co., Ltd. in early July, 1998.
• 5) New corporate executive officers
  At the Board of Directors meeting immediately following the Ordinary General Shareholders' meeting held on June 26, 1998, the following individuals will be elected as corporate executive officers, in addition to their current positions below:

• Mitsuyuki Watanabe
  president, Electronic Devices Marketing Group,
  Sony Corporation
• Tadakatsu Hasebe
  deputy president, Display Company, Sony Corporation
• Kenichiro Yonezawa
  senior general manager, Legal and Intellectual
  Property Division, Sony Corporation
• Yoshihide Nakamura
  president, Computer Peripherals &
  Components Company, Sony Corporation
• Akira Kubota
  president, Corporate Information Systems &
  Solutions, Sony Corporation