Former Sony CEO Stringer to retire from struggling electronics company

The Welsh-born American stepped down as chief executive in February last year to become the nonexecutive chairman, a job title that often precedes retirement in major Japanese firms.

And on Friday the 71-year-old said he would leave the firm that he headed during a tumultuous period that included an embarrassing data breach at its online gaming service and struggles in its money-losing television unit.

Stringer, a former journalist, had a long career at U.S. broadcaster CBS before joining Sony, rising to become chief executive in 2005 as the Japanese giant's first foreign chief.

“A new world is opening up for me ... one that allows me to complete my plan to retire from Sony, which I expect to do at the conclusion of my term later this year,” Stringer said in a speech Friday to the Japan Society in New York.

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