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SONY CORPORATION ANNUAL REPORT 2000
4
At the meeting of the Board of Directors following the General Shareholders Meeting on June
29, 2000, the appointments of Nobuyuki Idei as Chairman and CEO and of Kunitake Ando as
President and COO are expected to be approved. Together with the current Deputy President
and CFO Teruhisa Tokunaka, they will form a new management team. In order to adapt to the
era being brought about by broadband technologies, this management team will strive to
accelerate development and achievement of the Sony Group’s network strategies.
As President and COO, Mr. Ando will be responsible for the entire business of the Sony
Group, but initially, he will focus on strengthening the core Electronics business.
To create the desired management model for the Sony Group in the network era, we will
further pursue “unified dispersed” management. The group head office will set corporate
management policies as well as plan and promote group-wide strategies. Concurrently, business
units will be given much more decision-making authority so that each one can establish a self-
reliant, autonomously operating business. The role of the group headquarters is to transform the
Sony Group to meet the demands of the new era by making existing operations and manage-
ment processes more network-oriented and by building new businesses rooted in networked
environments. To clarify its role in spearheading Sony’s realignment, we have defined the head
office as eHeadquarters, or simply “eHQ”. Within eHQ are the eManagement Committee, or
“eMC”, which will formulate networking business strategies and the eSONY Development Group,
which will implement such strategies.
Regarding the entertainment businesses, we established Sony Broadband Entertainment Inc.
(SBE) as a U.S. holding company for Sony Music Entertainment Inc. and Sony Pictures Entertainment
Inc. in order to realign them towards the network era and to increase the value of our entertainment
assets. SBE will pursue content creation and the strengthening of network distribution businesses
both independently and in potential strategic alliances with other companies.