Sony to Trim Top Management, Simplify Executive Structure

Sony Corp. unveiled a slimmed-down top management team and simplified executive structure in the first glimpse of what steps incoming Chief Executive Howard Stringer will take to revive the struggling electronics giant.

Sony said that as of June 22, it will cut the number of corporate executive officers -- the company's top executive layer -- to seven from 13. Sony also is reducing the kinds of top posts available as well as the number of ranks those executives can hold, big steps in title-sensitive corporate Japan. The company had said it was shrinking its board to 12 members from 16.

Source: WSJ


Posted: Thu - June 2, 2005 at 11:18 PM