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Sony's CEO, Kenichiro Yoshida, to be replaced by Indian-born executive, Sanjay Mehrotra

Sony Corporation has announced that current CEO Kenichiro Yoshida will step down and be replaced by Sanjay Mehrotra, an Indian-born executive who was the co-founder and former CEO of Micron Technology.

Mehrotra is expected to take over as CEO of Sony Corporation on 1 April of this year. This news comes after reports that Yoshida has been planning to retire for some time, and that Mehrotra was being considered as a potential successor.

Yoshida took over as Sony's CEO in 2018, and under his leadership the company has focused on expanding its gaming portfolio and diversifying into other areas such as entertainment and finance. However, the COVID-19 pandemic has impacted Sony's financial performance, and the company has had to make some tough decisions in order to remain competitive.

Mehrotra's appointment as CEO is seen as a signal that Sony is looking to further expand its technology capabilities and strengthen its position in the digital market. Mehrotra has extensive experience in the semiconductor industry, and is credited with turning Micron Technology into a major player in the memory and storage market.

But Mehrotra's appointment is also significant for another reason: he is the first person of Indian origin to lead a major Japanese corporation. This is a significant milestone for diversity and inclusion in Japan, which has traditionally been a difficult place for foreigners and people of non-Japanese descent to advance in the corporate world.

Some analysts have questioned whether Mehrotra's lack of experience in the entertainment industry could be a disadvantage for Sony. However, others argue that Mehrotra's experience in technology and digital innovation will be an asset for Sony, as it continues to develop its gaming and entertainment offerings in a rapidly changing market.

Overall, Mehrotra's appointment as CEO of Sony marks a significant moment for the Japanese corporation, as it seeks to adapt and evolve in a rapidly changing digital landscape. It also offers hope for greater diversity and inclusion in Japan's corporate world.