Plenty of moving and shaking going on after the bell today. Hot on the heels of news that RIM's CEO is making major internal changes
, in flies word that Michael Lynton has been selected as the CEO of Sony Corp. America. He's coming over from Sony Pictures Entertainment, where he previously sat as the Chairman and CEO. Effective June 27th, Lynton will have a few new reports as well, and unsurprisingly, Sir Howard Stringer
is more than encouraged by the move.
Stringer stated: "Lynton is an incredibly accomplished executive who has distinguished himself in at least three different fields -- entertainment, technology and publishing." In related news, Nicole Seligman has been appointed SCA President; we're told that Lynton will be overseeing Sony's entertainment businesses (including SME, Sony / ATV Music Publishing and SPE), while Seligman will have responsibility for Sony's U.S. headquarters operations. Hard to foresee what two relatively new names mean for the consumer side of Sony's business, but we'll be keeping a close eye on their first hundred days, for sure. The full release is after the break.
Michael Lynton Named CEO Of Sony Corp. America
Nicole Seligman Named SCA President
Changes At The Top
SONY PICTURES ENTERTAINMENT (SPE) Chairman/CEO MICHAEL LYNTON has been promoted to CEO of SONY CORPORATION OF AMERICA (SCA). Also, NICOLE SELIGMAN has been appointed SCA President. LYNTON will be overseeing SONY's entertainment businesses, including SME, SONY/ATV MUSIC PUBLISHING and SPE. Ms. SELIGMAN will have responsibility for SONY's U.S. headquarters operations.
As of JUNE 27th, reporting to LYNTON will be SME CEO DOUG MORRIS, SONY/ATV Chairman/CEO MARTIN BANDIER and SPE Co-Chairman AMY PASCAL.
"MICHAEL LYNTON is an incredibly accomplished executive who has distinguished himself in at least three different fields -- entertainment, technology and publishing," SONY CORP. Chairman/CEO/Pres. HOWARD 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," STRINGER continued. "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," SONY CORP. Exec. Deputy Pres. KAZUO 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."