FX.co ★ Sony Group Names Hiroki Totoki CEO; Stock Climbs

Sony Group Corp., the renowned Japanese conglomerate, has announced the appointment of Hiroki Totoki as the new Chief Executive Officer, effective April 1. Totoki will take over from Kenichiro Yoshida, who will remain as the Chairman of the company.

This change comes as part of Sony's adoption of a new management structure aimed at bolstering its long-term growth. In addition, Lin Tao has been named the new Chief Financial Officer.

Totoki, having joined Sony in 1985, is currently serving as Director, President, COO, and CFO. With this appointment, his new roles will encompass the positions of Director, President, and CEO.

Furthermore, Toshimoto Mitomo, who presently holds the roles of Executive Deputy President and CSO, Corporate Executive Officer, will assume the titles of CSO and Representative Corporate Executive Officer.

Under this refreshed management approach, leaders of Sony's major business divisions will be designated as "Business CEOs."

Reflecting investor confidence, Sony's shares saw an increase of 3.78% during regular trading in Tokyo on Wednesday, closing at 3,484.00 yen.