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Sony Swaps Out Mobile Executives

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Oct 30, 2014, 7:30 AM by Eric M. Zeman

Sony today said it will replace Kunimasa Suzuki, who leads the company's smartphone business. Effective November 16, Hiroki Totoki will be the new president of Sony Mobile Communications. Totoki already serves as Sony's corporate planning director and is a close confidant of CEO Kazuo Hirai, according to Reuters. The change is a reaction to slow sales of Sony's Xperia smartphones and tablets, which have negatively impacted the company's financial performance. Sony has already lowered sales forecasts for the year, and investors fear it will lower its outlook again when it reports earnings on Friday.

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