Sony spins off three business units into newly created Sony Electronics Corporation

Shawn Knight

Posts: 12,188   +120
Staff member

The change is set to take place on April 1 and no, this isn’t an early April Fools’ gag.

In fact, you probably shouldn’t expect many pranks come April 1. Google has already called off its plans for fear that they would be received in poor taste due to the ongoing Covid-19 outbreak.

Sony said the establishment of the holding company would accelerate the integrated operation of its Electronics Products & Solutions businesses as well as optimize its organizational structure, talent and business portfolio while simultaneously boosting its competitiveness and creating new business opportunities.

Shigeki Ishizuka has been named president and CEO of the new division with Ichiro Takagi securing the role of executive deputy president and COO.

As PetaPixel highlights, word of the restructuring came roughly 24 hours after reports surfaced claiming activist investor Daniel Loeb was taking advantage of a dip in stock prices to increase his stake in Sony and push for it to spin off some of its business units. We can’t say that is what happened for certain but the timing is certainly curious as Loeb has been pushing for change since at least 2013.

Masthead credit: Sundry Photography, Tooykrub

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Fearghast

Posts: 248   +170
Don't tell me some 75 yo executive in Sony got retired and someone else started using their brain.
This finaly could bring Sony mobile phones to a modern day standards in photography.
 

Skjorn

Posts: 534   +377
Don't tell me some 75 yo executive in Sony got retired and someone else started using their brain.
This finaly could bring Sony mobile phones to a modern day standards in photography.
Could be totally wrong but I thought Sony was making the best sensor?
 

Fearghast

Posts: 248   +170
Could be totally wrong but I thought Sony was making the best sensor?
Yep, they are making the best sensors on the market (IMHO), yet their own implementation in their own mobile devices was always the worst or one of the worst examples.
I am quite curious if we will see real step up in Xperia 1 II or we will have to wait longer to see some results.
 

Uncle Al

Posts: 6,929   +5,214
As PetaPixel highlights, word of the restructuring came roughly 24 hours after reports surfaced claiming activist investor Daniel Loeb was taking advantage of a dip in stock prices to increase his stake in Sony and push for it to spin off some of its business units.

NEVER under estimate the power of an up and coming major stock holder. Your job could depend upon it!