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