Nicole Seligman will become president, outgoing Sony Corp chairman and CEO Sir Howard Stringer and his successor Kazuo Hirai announced on Thursday (29).
Lynton will oversee Sony’s entertainment businesses encompassing Sony Pictures Entertainment (SPE), Sony Music Entertainment and Sony/ATV Music Publishing. Seligman will take responsibility of Sony’s US headquarters operations.
Lynton will remain chairman and CEO of SPE and will continue to run the studio with co-chairman Amy Pascal. Seligman will remain evp and general counsel of Sony Corporation.
No management changes are planned at SPE. Lynton will continue to be based in California at the studio’s world headquarters in Culver City and will travel to New York. Seligman will continue to work in New York and Tokyo.
The promotions become effective Jun 27. Hirai becomes CEO and president of Sony Corp on Apr 1 and Stringer will continue as chairman until Jun 27 when he is expected to become chairman of the Sony board of directors. Stringer also served as chairman and CEO of Sony Corporation Of America since 1998 and from Jun 27 Hirai will become chairman of the board of Sony Corporation Of America.
As of Jun 27, Sony Music Entertainment CEO Doug Morris, Sony/ATV chairman and CEO Martin Bandier and Pascal will report to Lynton, who along with Seligman will report to Hirai.
“Michael Lynton is an incredibly accomplished executive who has distinguished himself in at least three different fields – entertainment, technology and publishing,” Stringer said. “Michael and Amy helped put Sony Pictures on the path of stability and profits and they continue to be one of the most successful partnerships in entertainment.
“Michael is absolutely the right choice to succeed me as CEO of SCA. He understands the vital importance of fulfilling Sony’s unique promise of linking content and devices, and has been instrumental in our efforts to make it happen.”
“Having worked so closely with Nicole Seligman for more than a decade, I know her to be a superb leader with great intelligence and integrity. There is no one better suited to serve as SCA president at this important time in the company’s history.”
“I have known both Michael and Nicole for many years and they will do an excellent job at Sony Corporation of America,” Hirai said. “They will be key members of my management team as we build on the progress made under the leadership of Sir Howard and fulfill Sony’s destiny as the company best able to make and deliver the kind of entertainment, products and services people want.”
“I am grateful to Sir Howard and Kaz for this opportunity to work with Nicole, Doug, Marty and Amy in leading Sony’s entertainment businesses,” Lynton said. “While the studio and the music companies are doing well, this remains an era of great change and challenge, and so I know we will work more closely than ever with Sony’s electronics and network businesses to bring the best possible entertainment experiences to people everywhere.”