GO
Loading...

Sony PlayStation Inventor Kutaragi To Retire From Company

Reuters
Thursday, 26 Apr 2007 | 12:21 PM ET
Ken Kutaragi.
Kevork Djansezian
Ken Kutaragi.

Sony on Thursday said that Ken Kutaragi, inventor of its PlayStation video game consoles, will retire as chairman and group chief executive of Sony Computer Entertainment effective June 19.

Kutaragi will continue as honorary chairman of SCEI and senior technology advisor to parent Sony.

Kazuo Hirai, the unit's current president and chief operating officer, has been promoted to president and group chief executive in charge of the PlayStation business.

  Price   Change %Change
6758.T
---

Featured

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Mad Money's Jim Cramer discusses Micron Technology and how the company gained control over inventory issues. The bears expect the company's history to repeat itself, but Cramer says this time, it feels different.

  • In this excerpt from a live CNBC interview, Warren Buffett explains why it's extremely unusual for a company's directors to vote against executive compensation plans.

  • Mad Money host Jim Cramer says shareholder activism works for every shareholder, and offers his take on the Valeant/Bill Ackman bid to acquire Allergan. The market is better off for these efforts, he says.