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Changes to Sony Group’s Management Structure

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Hiroki Totoki appointed as President and CEO effective April 1, 2025

TOKYO, Jan. 28, 2025 /PRNewswire/ — Sony Group Corporation (“Sony”) today announced that Hiroki Totoki, currently Director, Representative Corporate Executive Officer, President, COO and CFO, has been newly appointed as Director, Representative Corporate Executive Officer, President and Chief Executive Officer, effective April 1, 2025. Kenichiro Yoshida, currently Director, Representative Corporate Executive Officer, Chairman and CEO, will become Director, Representative Corporate Executive Officer, Chairman, also effective

April 1, 2025. These appointments were proposed by Kenichiro Yoshida to the Nominating Committee, and following deliberation by the Committee, were approved unanimously at the Board meeting held today.

Also effective April 1, 2025, Sony will implement changes to its management structure to clarify management roles according to their responsibilities for the management of the entire Group or of each business, and make further appointments, as outlined below.

In terms of the management structure changes, each of the Chief Executive Officers of the Sony Group’s major businesses will be designated as a “Business CEO”; each of those assisting the CEO who oversees the entire Group’s management, and has responsibility for wide-ranging headquarters functions, will be designated as a “Chief Officer”; and each of the executives in charge of functions at the Group headquarters will be designated as a “Corporate Executive.”

The following Chief Officers have been appointed: Toshimoto Mitomo as Chief Strategy Officer (current position), Tsuyoshi Kodera as Chief Digital Officer (current position), Yasuhiro Ito as Chief People Officer (new position), and Lin Tao as Chief Financial Officer (newly appointed). In addition, in the technology field, Hiroaki Kitano has been appointed as Chief Technology Fellow.

Comment from Kenichiro Yoshida
“To ensure that my succession contributes to Sony’s future long-term growth, I have been in discussion with the Nominating Committee and the Board of Directors for some time. Based on Hiroki Totoki’s contributions to Sony, including his achievements since being appointed as President and COO in April 2023, I proposed to them that he succeed me as CEO this April. I am grateful to the Nominating Committee and the Board for their support of this proposal. Totoki has been a key member of the management team ever since I became President and CEO in April 2018. He spearheaded growth strategies for the Sony Group, such as our investments in content IP and semiconductors, and is a leader capable of shaping our vision and strategy for future growth. Going forward, I will support Totoki as he leads his new management team.”

Comment from Hiroki Totoki
“I am incredibly honored and humbled to have been entrusted with the important role of President and CEO. At the same time, I am looking forward to working as CEO with our approximately 110,000 employees to further evolve and grow Sony. My predecessors as CEO, Kazuo Hirai and Kenichiro Yoshida, have greatly enhanced Sony’s value, and I will do my utmost to further build on this success and pass on an even better Sony to the next generation. At our Corporate Strategy Meeting in May of last year, we newly announced our ‘Creative Entertainment Vision,’ which outlines where we want Sony to be in 10 years, with our Purpose as the guiding principle. Our greatest driver in achieving this is the diversity of our businesses and people, which is part of Sony’s DNA, and our boundary spanners that transcend organizational barriers and organically connect that diversity to create new value. Together with our employees, creators, partners, and our new leadership team, I will work to create a bright future filled with a boundless sense of Kando (emotion).”

Comment from Yoshihiko Hatanaka, Chair of the Board and Chair of the Nominating Committee
“As CEO, Kenichiro Yoshida has led Sony’s evolution and growth through the establishment of Sony’s Purpose and implementation of management initiatives centered around a ‘Creation Shift.’ We are extremely grateful for his significant contributions. Hiroki Totoki has served as CFO since 2018 and as President, COO and CFO from 2023, and the Board of Directors highly values his achievements and leadership driving Sony’s growth strategies, together with current CEO Yoshida. The Nominating Committee is continuously discussing succession plans for the management team and Totoki was evaluated as a strong candidate for CEO. With Yoshida’s proposal, the Committee conducted a multifaceted review, and the Board, taking into consideration the views of the Committee, today unanimously approved Totoki’s appointment as President and CEO. The Board will fully support the new management team together with Yoshida, who continues as Chairman.”

Sony Group Corporation Management Structure (as of April 1, 2025)*
[Those of equal rank are listed in order of appointment / changes to titles or areas of responsibility are underlined]

Kenichiro Yoshida
Chairman
Representative Corporate Executive Officer

Hiroki Totoki
President and CEO
Representative Corporate Executive Officer

[Business CEOs]

Rob Stringer
Officer in charge of Music Business (Global)
Chairman, Sony Music Group
CEO, Sony Music Entertainment

Shunsuke Muramatsu
Officer in charge of Music Business (Japan)
President and Representative Director of the Board, CEO, Sony Music
Entertainment (Japan) Inc.

Jon Platt
Officer in charge of Music Publishing (Global)
Chairman and CEO, Sony Music Publishing

Kimio Maki
Officer in charge of Entertainment, Technology & Services Business
Representative Director, President and CEO, Sony Corporation

Toshihide Endo
Director, President & CEO, Representative Corporate Executive Officer,
Sony Financial Group Inc.

Ravi Ahuja
Officer in charge of Pictures Business
President and CEO, Sony Pictures Entertainment Inc.

Shinji Sashida
Officer in charge of Imaging & Sensing Solutions Business
(Newly appointed) Representative Director, President and CEO, Sony Semiconductor Solutions Corporation

Hideaki Nishino 
Officer in charge of Game & Network Services Business
(Newly appointed) President and CEO, Sony Interactive Entertainment

Hermen Hulst
Officer in charge of Game Studio Business
(Newly appointed) CEO, Studio Business Group, Sony Interactive Entertainment

[Chief Officers]

Toshimoto Mitomo
Chief Strategy Officer (CSO)
Representative Corporate Executive Officer
Officer in charge of Legal, Compliance, Privacy, Intellectual Property, Business Strategy, Sustainability, External Relations, Business Incubation Platform, Creative Platform and Mobility Business

Tsuyoshi Kodera
Chief Digital Officer (CDO)
Corporate Executive Officer
Officer in charge of Digital & Technology Platform (Digital Transformation Strategy, Information Systems, Information Security and Advanced Technology), R&D, Technology Strategy and Quality Management

Yasuhiro Ito
Chief People Officer (CPO)
Corporate Executive Officer 
Officer in charge of Human Resources, General Affairs, the Corporate Executive Office and Lead of Group Diversity, Equity & Inclusion

Lin Tao
Chief Financial Officer (CFO)
(Newly appointed) Corporate Executive Officer
Officer in charge of Corporate Planning and Control, Corporate Strategy, Accounting, Tax, Finance, IR, Disclosure Controls, Risk Control, Internal Audit and SOX 404

[Chief Technology Fellow]

Hiroaki Kitano
Chief Technology Fellow (Newly appointed)                          

[Corporate Executives]

Karen L. Halby
Senior Vice President
President, Sony Corporation of America

Hirotoshi Korenaga
Senior Vice President
In charge of Accounting

Sadahiko Hayakawa
Senior Vice President
In charge of Finance and IR

Naoya Horii
Senior Vice President
In charge of Corporate Planning and Control, 
Disc Manufacturing Business and Storage Media Business

Kaori Takezawa
Senior Vice President
In charge of Legal, Compliance, Privacy and External Relations

Robert Lawson
Senior Vice President
In charge of Corporate Communications

Yoshinori Matsumoto
Senior Vice President
In charge of Technology Strategy, Quality Management, Business Incubation Platform (Engineering) and Digital & Technology Platform (Advanced Technology)
Executive Deputy President, Sony Corporation

Kazuo Kii 
Senior Vice President
(Newly appointed) Sony Group China Representative
Executive Deputy President, Sony Corporation

Additionally, there will be the following changes among the current Sony Group Corporation executives (with respect to all, the date of retirement is at the end of March, 2025, and the date of appointment is effective April 1, 2025).

Terushi Shimizu will retire from the position of Senior Executive Vice President and be appointed Director and Chairman of Sony Semiconductor Solutions Corporation; Kazushi Ambe will retire as Senior Executive Vice President and Corporate Executive Officer, while continuing to serve as President of Sony University to foster the next generation of business leaders; and Naomi Matsuoka will retire as Senior Vice President and is scheduled to be newly appointed Executive Vice President of Sony Bank Inc. Shiro Kambe, currently Senior Executive Vice President and Corporate Executive Officer, and Hisashi Tamai, Senior Vice President, will retire at the end of March 2025.

*  Scheduled as of January 29, 2025

 

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SOURCE Sony Group Corporation

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Gen Announces Pricing of $950,000,000 of Senior Notes

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TEMPE, Ariz. and PRAGUE, Feb. 13, 2025 /PRNewswire/ — Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it has priced $950 million aggregate principal amount of its 6.25% senior notes due 2033 (the “Notes”), which were offered in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

The offering of the Notes is expected to close on February 13, 2025, subject to customary closing conditions. We intend to use the net proceeds of this Notes Offering, together with cash on hand, to repurchase all of our outstanding 5.00% Senior Notes due 2025 (the “2025 Notes”) and pay accrued and unpaid interest thereon.

The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release also shall not constitute an offer to purchase, a solicitation of an offer to sell, or notice of redemption with respect to the 2025 Notes. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About Gen

Gen™ (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. The Gen family of consumer brands is rooted in providing safety for the first digital generations. Now, Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to nearly 500 million users in more than 150 countries. Learn more at GenDigital.com. 

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements, which are subject to safe harbors under the Exchange Act of 1934, as amended. Forward-looking statements include statements that represent our expectations or beliefs concerning future events, including, without limitation, references to our ability to utilize our deferred tax assets, as well as statements including words such as “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “goal,” “intent,” “momentum,” “projects,” “forecast,” “outlook,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” and similar expressions. In addition, projections of our future financial performance, anticipated growth and trends in our businesses and in our industries, the consummation of or anticipated impacts of acquisitions, divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities, the outcome or impact of pending litigation, claims or disputes, our intent to pay quarterly cash dividends in the future, plans for and anticipated benefits of our products and solutions, anticipated tax rates, benefits and expenses, the impact of inflation, fluctuations in foreign currency exchange rates, changes in interest rates, ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance, the expected impact of our new strategy and other characterizations of future events or circumstances are forward-looking statements. These statements are only predictions, based on our current expectations about future events and may not prove to be accurate. We do not undertake any obligation to update these forward-looking statements to reflect events occurring or circumstances arising after the date of this press release.

Investor Relations & Media Contact

Jason Starr
Gen
IR@GenDigital.com

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SOURCE Gen Digital Inc.

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TTEC Egypt Expands with New Cairo Site, Welcomes Leading On-Demand Payment Solutions Client

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Company celebrates grand opening, driving CX innovation in the region

DENVER and CAIRO, Feb. 13, 2025 /PRNewswire/ — TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global CX (customer experience) technology and services innovator for AI-enhanced CX, celebrated the grand opening of its new site in Cairo’s Maadi Technology Park last week, marking a significant expansion of its operations in Egypt. This milestone was further celebrated by the recent addition of a prominent provider of on-demand pay solutions to TTEC Egypt’s roster of key clients.

TTEC initially launched in Egypt one year ago but needed to expand to serve growing client demand. The new facility represents a major investment in the region, reinforcing TTEC’s commitment to leveraging Egypt’s skilled talent pool to deliver premium CX solutions to global clients.

“The opening of our new Cairo site marks a significant step in our expansion within Egypt’s dynamic market,” said John Abou, President of TTEC Engage. “Egypt’s multilingual workforce and strategic location make it an ideal hub for delivering world-class, AI-enhanced customer experience solutions worldwide. With the addition of our new client, we are further strengthening our commitment to providing exceptional customer experiences while creating new opportunities for local talent.”

TTEC hosted a ribbon-cutting ceremony on Feb. 5 to commemorate the site’s opening, joined by His Excellency Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology, and Ahmed Elzaher, CEO of Egypt’s Information Technology Industry Development Agency (ITIDA), along with senior TTEC executives, local stakeholders, and client representatives.

“TTEC’s expansion in Egypt underscores the country’s standing as a leading global destination and a favorite offshoring hub,” said Dr. Talaat. “The country’s advanced digital infrastructure, skilled youth, and modern business parks provide an ideal environment for growth. The government continues to develop regulations that strengthen Egypt’s ICT sector by attracting investments, creating jobs, and increasing digital exports.”

New Site, New Opportunities

The new Cairo location strengthens TTEC’s ability to provide AI-enhanced, multilingual customer experience solutions for a diverse portfolio of global clients.

Elzaher, the head of Egypt’s IT development agency, emphasized Egypt’s multilingual, skilled workforce as a key factor in attracting global companies like TTEC. He said ITIDA will continue to develop opportunities to meet the demand for high-quality, CX services, stating, “ITIDA is committed to boosting Egypt’s competitiveness and outsourcing exports by advancing local talent and creating a supportive environment.”

By expanding its footprint, TTEC aims to create additional career opportunities for Egypt’s talented workforce while delivering cutting-edge customer engagement services. TTEC is recognized worldwide for its workplace excellence and our Cairo employees recently affirmed our outstanding culture by naming TTEC Egypt a Great Place To Work®.

A New Chapter in CX Excellence

The opening of TTEC’s new site is further strengthened by the addition of a new key client to TTEC Egypt’s growing portfolio, a prominent provider of earned wage access solutions. This industry leader selected TTEC for its expertise in delivering seamless, technology-driven customer support. The partnership is expected to enhance the client’s ability to provide real-time financial solutions to customers while ensuring a superior CX experience.

To learn more about TTEC Egypt’s growth, innovation, and career opportunities, visit ttec.com/global-locations/egypt.

About TTEC
TTEC (pronounced T-TEC) Holdings, Inc. (NASDAQ: TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC’s outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company’s TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI, and analytics solutions. The Company’s TTEC Engage business delivers AI-enhanced customer engagement, customer acquisition and growth, tech support, back office, and fraud prevention services. Founded in 1982, the Company’s singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company’s employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us at https://www.ttec.com/emea 

Media Contact:
Meredith Matthews
meredith.matthews@ttec.com
+1 281-770-2566 

 

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SOURCE TTEC Holdings, Inc.

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Nukkleus Expands Its Focus on the Defense Sector, Strengthens Capital Structure as it takes Initial Steps Toward Star 26 Acquisition

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NEW YORK, Feb. 13, 2025 /PRNewswire/ — Nukkleus Inc. (NASDAQ: NUKK) continues to advance its strategic realignment toward the defense sector, announcing that it has formally submitted a preliminary proxy to the Securities and Exchange Commission with respect to the proposed acquisition of Star 26 Capital Inc.. This milestone follows the company’s strong market momentum since the announcement of the proposed Star 26 transaction, underscoring investor confidence in Nukkleus’ expansion strategy.

This move is further supported by enhanced financial flexibility, achieved through the reduction of liabilities and the termination of agreements that placed a financial burden on the company, freeing up a significant amount of capital, allowing for a more streamlined capital structure and enabling the company to allocate another $5 million more effectively toward high-growth defense assets.

Nukkleus has also submitted a Form S-1 registration statement registering for resale the shares of common stock issued or issuable in connetion with its recent  $10 million private placement which further reinforced its financial foundation for the Star 26 acquisition and future expansion.

Star 26 and Rimon: Driving Strategic Expansion

Star 26 Capital Inc. is an acquisition-focused entity designed to identify and revitalize undervalued businesses by implementing strategic restructuring and operational improvements. Star 26 focuses on creating a strategic ecosystem of interconnected companies within the defense, industrial, and technology sectors, fostering synergy and innovation across its portfolio.

As part of its core holdings, Star 26 owns a 95% stake in Rimon, a specialized supplier providing critical components for advanced military systems, including Israel’s Iron Dome. Through its restructuring expertise, Star 26 aims to enhance Rimon’s operational efficiency and market reach, allowing it to better serve defense and aerospace clients while expanding its technological capabilities.

By integrating Star 26 into its broader corporate strategy, Nukkleus is seeking to execute value-driven acquisitions in emerging markets, including defense-related technologies.

Momentum for Expansion and Additional Acquisitions

Since the initial announcement of the proposed Star 26 acquisition, Nukkleus has experienced increased investor interest, further reinforcing its commitment to scaling its acquisition strategy. In addition to finalizing this transaction, Star 26 is actively exploring additional opportunities, seeking companies that align with its turnaround-focused investment model.

Strategic Positioning for Long-Term Growth

“Star 26 represents a unique approach to acquisition and value creation,” said Menny Shalom, CEO of Nukkleus. “Rather than simply acquiring businesses, Star 26 specializes in restructuring and revitalizing companies with strong potential. With the goal of integrating Star 26 into our corporate portfolio, we are leveraging its expertise in business transformation to drive long-term growth. The additional financial flexibility we have created, combined with the new capital inflows, places us in a strong position to execute our strategy effectively.”

While we continue to take steps with the goal of obtaining shareholder approval of the Star acquisition, Nukkleus remains focused on accelerating its transformation and expanding its portfolio of high-value businesses.

About Nukkleus Inc.

Nukkleus, Inc. (NASDAQ: NUKK) is a Nasdaq company focused on innovative acquisition companies specializing in identifying, acquiring, and transforming high-potential businesses across key sectors, including defense, financial services, real estate, industrial, and technology. Focused on driving growth, innovation, and operational excellence, Nukkleus combines strategic investments with unparalleled expertise to foster collaboration and sustainable value creation. By leveraging market insights and advanced solutions, the company accelerates growth and ensures long-term success for its portfolio businesses, reshaping industries and delivering measurable returns for stakeholders.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts are “forward-looking statements” within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as “will,” “would,” “expect,” “intend,” “plan,” “objective,” or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management’s current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control. Risk factors described under “Risk Factors” in Nukkleus’ most recently filed annual report on Form 10-K, as updated from time to time in its quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law

For more information, please contact:

YAIR OHAYON
CMO
Email: y@nukk.com

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SOURCE Nukkleus Inc.

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