Sony Interactive Entertainment has appointed a new president and chief executive after Andrew House, former President and Global CEO of SIE, would be making a transition to chairman from his incumbent roll. The division is responsible for PlayStation and nearly half of the company’s operating profit.
The game & network service unit’s performance supports Sony’s forecast for an operating profit of ¥500bn in the financial year which ends on March 2018. The division generated operating profit of ¥135.6 ($1.2bn) translating to 47 percent of the unit’s total operating profit for the period, but analysts figured that it could top the record ¥526bn set in fiscal 1998.
Tsuyoshi “John” Kodera, current deputy president of SIE will immediately take over the reins from Mr. House.
Kazuo Hirai, president and CEO of Sony, released a statement expressing Mr. Kodera’s role in the growth of Sony’s network business since 2013.
“He is a truly global executive, possessing strategic understanding, strength of conviction and outstanding leadership capabilities … With the significance of network services increasing across the entire Sony Group, I believe that John is ideally equipped to build on the foundations Andy has left in place, and drive Sony’s game and network services business to further growth and excitement going forward,” said Hirai.
Mr. Hirai stated he was very much grateful to Mr. House for the huge contribution he made into the PlayStation business’ evolution and is “firmly positioning it as one of the drivers of our future growth”
On Tuesday morning in Tokyo, Sony shares were up 0.7 per cent while the benchmark Topix gained 0.3 percent.
House’s Post SIE Plans
Andrew House took over a struggling PlayStation brand from Kaz Hirai in 2011 and has since restored its standing as a gaming industry leader. Sony has recently announced he’s stepping down as president and CEO of Sony Interactive Entertainment.
A spokeswoman from the company said in a report that House “plans to spend more time with his family before embarking on a new career in the entertainment industry”
The outgoing exec added a statement from House saying, “PlayStation has been a huge part of my life for more than 20 years but with the business having achieved record-breaking success, now seemed to be the right time for me to pursue new challenges.”
The new hired CEO Kodera has worked in Sony since 1992 and has dedicated his services for the PlayStation Network since 2010, overseeing the launch of PlayStation Vue, PS VR, and PlayStation Now.
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