Stringer leaving Sony in June, hands over to Hirai - 13 WTHR Indianapolis

Stringer leaving Sony in June, hands over to Hirai

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TOKYO -

Howard Stringer, who fought to bring a divided and struggling Sony Corporation together as the Japanese electronics and entertainment company's first foreign president, is retiring as chairman in June.

He announced his departure in New York in a speech at the Japan Society Friday. That was confirmed by Tokyo-based Sony Sunday.

Stringer, a Welsh-born American, became president in 2005, when the once glorious maker behind the Walkman portable music player first started getting seriously slammed by the flashier Apple and cheaper nimbler Samsung Electronics.

Stringer said he was ready to retire after having handed over the helm to Kazuo Hirai last year, who was leading Sony well.

Stringer said he will do charity work in education and medicine, and continue chairing the American Film Institute.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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