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Edition: U.S. Article Comments (0) Follow Reuters Analyst Research Report Title Price SOUTH KOREA - PUBLIC ELECTRONICS COMPANIES - Graham & Whiteside listing Provider: Graham & Whiteside Limited $440.0 Buy Samsung Electronics Co Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $10.0 Buy Wright Investors Service Comprehensive Report for Samsung Electronics Company Limited Provider: Wright Reports $75.0 Buy Wright Industry Averages: Electronics (Asia) Provider: Wright Reports $169.0 Buy Wright Industry Averages: Electronics (Global) Provider: Wright Reports $169.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Sony promotes Hirai, possible successor to CEO Tweet Share this Link this By Isabel Reynolds Sony Corp said it would promote Kazuo Hirai as the head of the company's biggest division, as part of a realignment that signals he could be a potential successor to Chief Executive Howard Stringer. Welsh-born Stringer, 69, who... Email Print Related Topics Technology » Media » Stocks By Isabel Reynolds Thu Mar 10, 2011 12:24am EST Sony Corp said it would promote Kazuo Hirai as the head of the company's biggest division, as part of a realignment that signals he could be a potential successor to Chief Executive Howard Stringer. Welsh-born Stringer, 69, who serves as the company's chairman, chief executive and president, will retain his current positions, a Sony spokesman said on Thursday. "It's a sign that Sony has exited the crisis mode that it's been in since the Lehman shock. It can now move on from talk of restructuring to growth," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management Co Ltd. Sony has been mulling a potential successor for Stringer, the first non-Japanese to run the consumer electronics company, who is expected to step down in 2013. Hirai, 50, currently runs the firm's network products and services division, which includes Sony's games business as well as newer ventures such as music and movie streaming services. "In his current role, Mr. Hirai has successfully led the turnaround of the games business," Sony said in a statement. Under Welsh, Sony has slashed jobs and sold off factories to improve margins but analysts have said it will take more than streamlining to help Sony catch up with rivals including Apple Inc,, Nintendo and Samsung Electronics. Sony shares shed 1.2 percent in a broader market down 1.4 percent. Hirai, who will become executive deputy president on April 1, is a fluent English speaker known for his presentation skills, which were on display at the unveiling of Sony's new handheld games device at a splashy Tokyo ceremony in January. Operating profit more than doubled in his network products and services division in October-December last year, but was outweighed by losses on TVs, resulting in a fall in Sony's overall profit. Sony also announced it would realign its business into two core groups, one covering consumer products and services and accounting for 60 percent of the company's turnover, to be led by Hirai. The other division, covering business to business areas such as semiconductors, batteries and other key components, will be led by Hiroshi Yoshioka. Stringer took over as chairman and CEO of Sony in 2005, and added the role of president in 2009. He has overseen a round of cost-cutting, shutting factories and slashing jobs to return the company to profit. (Editing by Anshuman Daga) Technology Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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