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Media & Entertainment

Sony Group CFO Totoki to succeed Yoshida as president

Yoshida to remain CEO as tech company consolidates 'top-two' structure

Outgoing President Kenichiro Yoshida, left, and incoming President Hiroki Totoki shake hands at a news briefing in Tokyo on Thursday. (Photo by Tomoki Mera)

TOKYO -- Sony Group on Thursday announced that it has appointed Hiroki Totoki, the company's executive deputy president and chief financial officer, as president and chief operating officer, effective April 1. Kenichiro Yoshida, the current president, is to remain chairman and CEO with representative authority for the group, confirming Nikkei's earlier report. Totoki will retain the CFO post.

With the tech industry facing growing headwinds from a global economic slowdown, the promotion of Totoki, 58, will strengthen the company's "top-two" management structure, along with Yoshida, 63, as the group moves into growth areas like electric vehicles.

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