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February 2, 2023
Changes to Sony Group's Management Structure
Hiroki Totoki newly appointed as President, COO effective April 1, 2023
Tokyo, February 2, 2023 - Sony Group Corporation ("Sony") today announced that Hiroki Totoki, currently Director, Representative Corporate Executive Officer, Executive Deputy President and Chief Financial Officer, has been appointed as Director, Representative Corporate Executive Officer, President, Chief Operating Officer and Chief Financial Officer, effective April 1, 2023. Kenichiro Yoshida, currently Director, Representative Corporate Executive Officer, Chairman, President and Chief Executive Officer, will become Director, Representative Corporate Executive Officer, Chairman and CEO, also effective April 1, 2023.
The above appointments were proposed by Kenichiro Yoshida with the aim of further strengthening the Sony Group's management structure, and following deliberation by the Nominating Committee, were approved at the Board meeting held earlier today.
Comment from Kenichiro Yoshida
"Sony operates diverse businesses based on our Purpose (or reason for being) to 'fill the world with emotion, through the power of creativity and technology.' In order to thoroughly implement capital allocation, collaboration between businesses, and business portfolio management, following discussions with the Board of Directors we have decided to promote Hiroki Totoki to President and appoint him as COO."
Comment from Hiroki Totoki
"I am grateful to Kenichiro Yoshida and the Board of Directors for their trust in newly appointing me to the roles of President and COO, and at the same time feel a great sense of responsibility. Together with Mr. Yoshida, the Sony Group's management team, and our employees around the world, I would like to create a positive spiral that begins with Sony being chosen by customers, which then energizes our employees, enables us to attract more new talent, increases our corporate value, and ultimately enables us to give back to society."
Comment from Shuzo Sumi, Chairman of the Board and Chair of the Nominating Committee
"Last summer, I received a proposal from Kenichiro Yoshida recommending that Hiroki Totoki be newly appointed as President and COO, to further strengthen the Group's management structure. While we all shared the same understanding among the Board that Mr. Totoki had performed exceptionally as CFO, the Nomination Committee then commenced a process of multifaceted analysis that included assessment of the need for a COO, and Mr. Totoki's suitability for the role of President and COO. This proposal was discussed among the Board of Directors, and unanimously approved at the Board meeting today."
As part of efforts to strengthen the Group's management structure, the appointment of Toshimoto Mitomo, currently Corporate Executive Officer, Senior Executive Vice President, as Corporate Executive Officer, Executive Deputy President and Chief Strategy Officer on April 1, 2023, was also approved at the Board meeting today.