Electronics giant Sony today announced : CEO Kaz Hirai is stepping down.
This is major management shakeup because his place will take Yoshida, who is Sony's current CFO, Director, Representative Corporate Executive Officer and Executive Vice President.
"Ever since my appointment as President and CEO in April 2012, I have stated that my mission is to ensure Sony continues to be a company that provides customers with kando - to move them emotionally - and inspires and fulfills their curiosity," Hirai said in a statement.
Yoshida said he was grateful to Hirai and the Sony Board of Directors for their "trust and confidence in appointing me as Sony President and CEO."
He added: "Together with the outstanding talent we have across the Sony Group, I will aim to build on the business foundations established by Mr. Hirai, and to execute further reform measures that enhance our competitiveness as a global enterprise and enable us to realize long-term profit growth. "