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Sony said Monday that it is changing its U.S. leadership, shifting current head Phil Molyneux to non-executive chairman, while naming Michael Fasulo as its new president. Sony CEO Kazuo Hirai said in a statement, “Phil Molyneux, who has ably served Sony for more than a quarter century, came to SEL in 2010 with a specific mission: to transform the business in the face of daunting, industry-wide challenges, reducing costs and streamlining operations." Molyneux spoke to reporters last week about Sonys continued effort to re-establish itself as a premium brand in the U.S., saying it hopes to use the transition to Ultra HD, or 4K, as a catalyst.
|Sony Shakes Up U.S. Leadership, Taps Michael Fasulo In Continued Turnaround Effort|
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