Sony communicated on Friday that CEO Kazuo Hirai will be replaced by the company’s chief monetary officer, Kenichiro Yoshida, effective on April 1.
Hirai, who stepped in as CEO in 2012, require become chairman of the electronics and entertainment company.
During Hirai’s six-year residence, Sony has exited or cut back in areas such as PCs and TVs, and capitalized on the spread of smartphones with its sculpture sensors. Yoshida is widely credited for being behind many of the coppers, which have won over investors.
Sony is forecasting record profit for the year because of March.