Sony Says Chief Howard Stringer Has No Plans to Step Down From His Role

Sony Corp. Chief Executive Officer Howard Stringer has no plans to step down from his post after the U.K.’s Daily Telegraph newspaper said he’d been approached to succeed Michael Lyons as chairman of the BBC Trust.

“We can assure you that there is no plan for Sir Howard Stringer to step down from his current position at Sony,” George Boyd, a spokesman at the Tokyo-based electronics maker said in an e-mailed statement.

Sony, the maker of Bravia televisions, is preparing to look for a new president who could eventually succeed Stringer, people familiar with the matter said last month. Installing a president would give Stringer, who turns 69 in February, a deputy to lighten his work and travel load and offer the designee a chance to prove their mettle as Sony sets its long- term plans, the people said then.

The new chair of the BBC Trust will be appointed for a four-year term and receive an annual salary of 110,000 pounds ($174,000), according to an ad for the position. Interviews with shortlisted candidates will take place on Jan. 27 and Jan. 28, and the candidate will appear before a parliamentary committee, it said. The appointment is made by the Queen in Privy Council on advice of the Prime Minister.

A spokeswoman for the BBC Trust declined to comment, saying the decision would be made by the U.K.’s Department of Culture, Media and Sport. A spokeswoman from that department declined to comment on the hiring.

Stringer, who holds master’s and bachelor’s degrees in history from Oxford University, joined Sony in 1997 after a career spanning two decades at U.S. television company CBS. The Welsh-born U.S. citizen became chairman and CEO in 2005.

To contact the reporter on this story: Mariko Yasu in Tokyo at myasu@bloomberg.net.

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net.

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