In a statement , Stringer said the decision was the result of succession plans that began three years ago . CEO Howard Stringer will step down as Sony CEO and president on April 1 . Sony has hired Kazuo Suzuki , currently executive deputy president , to replace Stringe . Sony has faced an uphill battle in recent years as its stock price fell 54 % in 2011 .
CEO Howard Stringer will step down as Sony CEO and president on April 1 . Sony has hired Kazuo Suzuki , currently executive deputy president , to replace Stringe . Sony has faced an uphill battle in recent years as its stock price fell 54 % in 2011 .