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Sony Shakes Up U.S. Leadership, Taps Michael Fasulo In Continued Turnaround Effort

Sony said Monday that it is changing its U.S. leadership, shifting current head Phil Molyneux to non-executive chairman, while naming Michael Fasulo as its new president. Sony CEO ... More Sony said Monday that it is changing its U.S. leadership, shifting current head Phil Molyneux to non-executive chairman, while naming Michael Fasulo as its new president. Sony CEO Kazuo Hirai said in a statement, “Phil Molyneux, who has ably served Sony for more than a quarter century, came to SEL in 2010 with a specific mission: to transform the business in the face of daunting, industry-wide challenges, reducing costs and streamlining operations." Molyneux spoke to reporters last week about Sony’s continued effort to re-establish itself as a premium brand in the U.S., saying it hopes to use the transition to Ultra HD, or 4K, as a catalyst. Less

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