Sony Group to Promote Veep Totoki to President

Tokyo, Feb. 2 (Jiji Press)--Sony Group Corp. <6758> said Thursday that it will promote Executive Deputy President Hiroki Totoki, 58, to president and chief operating officer on April 1, marking its first change of president in five years.

Incumbent Chairman, President and CEO Kenichiro Yoshida, 63, will continue to serve as chairman and CEO. Totoki will continue to double as chief financial officer.

Totoki is expected to maintain the company's current management policy with emphasis on its diverse business structure ranging from entertainment to electronic devices, and at the same time to work to accelerate the company's growth with new businesses including electric vehicles.

"I'm confident that he will make a greater contribution toward improving our corporate value," Yoshida told a press conference in Tokyo.

Totoki stressed that he will focus on growth. "I will work to create a positive spiral in which customers choosing our company will cheer up our employees," he said.

[Copyright The Jiji Press, Ltd.]