Tokyo, Japan - Sony Corporation today announced an organizational structure and personnel appointments for the newly established network companies, which will become effective April 1, 1999.

Each network company will be delegated with authority from the corporate headquarters, and will pursue the management of their respective business domains as self-contained, autonomous business units. To enable each network company to operate autonomously, essential support functions and R&D laboratories will be transferred from the corporate headquarters to each unit. In addition, companies and divisional companies will be newly formed under the network company structure.

The network companies will establish the following management bodies:

Network Company Management Committee (chaired by Network Company President)

In order to pursue Value Creation Management, the Management Committee of each network company will be responsible for setting management policies and strategies and will act as a deliberative body. Members will consist of network company officers and company presidents.

Network Company Board (chaired by Network Company President)

Each network company will establish a Board and pursue the separation of oversight and operational management, to enhance their individual corporate value.

• Home Network Company Board
  • Chaired by President & COO Shizuo Takashino
  • Deputy President Masayuki Takano
  • Nobuyuki Idei (President and Representative Director)
  • Minoru Morio (Executive Deputy President and Representative Director)
  • Tamotsu Iba (Executive Deputy President and Representative Director)
  • Teruhisa Tokunaka (Corporate Executive Vice President and Deputy CFO)
• Personal IT Network Company Board
  • Chaired by President & COO Kunitake Ando
  • Deputy President Katsumi Ihara
  • Nobuyuki Idei (President and Representative Director)
  • Minoru Morio (Executive Deputy President and Representative Director)
  • Tamotsu Iba (Executive Deputy President and Representative Director)
  • Teruhisa Tokunaka (Corporate Executive Vice President and Deputy CFO)
  • Mario Tokoro (Corporate Senior Vice President)
• Core Technology & Network Company Board
  • Chaired by President & COO Suehiro Nakamura
  • Deputy President Yoshihide Nakamura
  • Nobuyuki Idei (President and Representative Director)
  • Minoru Morio (Executive Deputy President and Representative Director)
  • Tamotsu Iba (Executive Deputy President and Representative Director)
  • Akiyoshi Kawashima (Senior Managing Director)
  • Teruhisa Tokunaka (Corporate Executive Vice President and Deputy CFO)

For details of the organizational overview, effective April 1, 1999, please refer to the two organizational charts attached.

Sony Corporation is a leading manufacturer of audio, video, communications and information technology products for the consumer and professional markets. Its music, pictures and computer entertainment operations make Sony one of the most comprehensive entertainment companies in the world. Sony recorded consolidated annual sales of over $51 billion for the fiscal year ended March 31, 1998, and it employs approximately 170,000 people worldwide.

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