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Changes in Sony's management helped the company's shares rise to a 25-year high

Changes in Sony's management helped the company's shares rise to a 25-year high
SONY
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Sony has made significant changes in the company's management. Hiroki Totoki will become the new Chief Executive Officer of Sony Group Corp. Yoshida Kenichiro, who will be replaced as the company's Chief Executive Officer, will remain Chairman of the Board. The changes will take effect on April 1, 2025.

Hideaki Nishino will replace Totoki and will be the head of Sony Interactive Entertainment's gaming division. Hermann Hulst, who previously shared this role with Nishino, is appointed as the new head of game studios, but will now report to Nishino.

Hulst will continue to lead the development, publishing, and business operations of Sony's original games. The company's official statement also says that he will be responsible for developing games for various devices, including PlayStation and PC consoles.

"It has been a pleasure working more closely with Hermen and Nishino and gaining insight into the ever-changing, fast-paced world of Sony Interactive Entertainment. As we hand the baton to Nishino and this exceptional leadership team, I am confident that SIE will reach new heights in the days ahead. After 30 years of delivering exceptional entertainment worldwide, this marks an exciting new chapter for SIE, highlighting its commitment to fostering creativity and building meaningful connections for millions of players," wrote the new CFO Hiroki Totoki in a statement.

After the announcement appeared on the official website, the company's shares rose by 3.78%. This is a record high in almost 25 years.

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