Ken Kutaragi, the inventor of the PlayStation video game consoles, steps down as CEO amid increased competition from Microsoft Xbox, Nintendo Wii.
The inventor of Sony Corp.’s PlayStation video game consoles, Ken Kutaragi, will retire as chief executive of the Japanese company’s game division on June 19, the company said Thursday.
Kutaragi, 56, known as the “Father of PlayStation,” steps down at a time when the Sony’s new PlayStation 3 has made a weaker-than-expected showing against Microsoft Corp.’s Xbox 360 and Nintendo Co. Ltd.’s Wii console.
He will become honorary chairman of Sony Computer Entertainment Inc. and act as a senior technology adviser to parent Sony Corp.
Kaz Hirai, the unit’s current president and chief operating officer, has been promoted to president and group chief executive in charge of the PlayStation business.
its about time the PS3 is the most beautiful piece of crap ever built. some one’s head needed rolling when they lost Square as an exclusive.
Yah they really dropped the ball with the whole portable digital music player (iPod) revolution………remember the “walkman?” They OWNED portable cassette tape and CD pla yers.
PS3 has been taking the heat for it’s lack of…everything recently. It only looked like a matter of time before something within Sony would shift.