Sir Howard Stringer, former CEO and current chairman of Sony, will step down from his position in June, it has been reported. The Sony chair's departure comes as the company struggles to regain ground in a number of consumer electronics segments. Sony,according to Reuters
has not responded to requests for comment.
Stringer took the helm as Sony CEO in 2006 and stepped aside in April of 2012, handing the reins Kazuo Hirai. Under Stringer, Sony had looked to regain the prominence it had lost as other companies, including Samsung and Apple, rose to the top of the consumer electronics sector. Stringer moved into a new role as chairman, and Hirai promised to double down on mobile phones, tablets, and gaming.
Sony since has been engaged in a number of cost-cutting efforts
, shuttering less profitable segments in order to focus on fewer core elements.
Stringer said his retirement would allow him to pursue "new opportunities." He will officially step down at Sony's shareholders' meeting in June.