Sony's 'Father of the PlayStation' to step down
Sony Computer Entertainment said that the "Father of the PlayStation," Ken Kutaragi, is stepping down as chief executive of the video game giant as it battles fierce competition from its rivals.
By Agencies |
TOKYO: Sony Computer Entertainment said that the "Father of the PlayStation," Ken Kutaragi, is stepping down as chief executive of the video game giant as it battles fierce competition from its rivals.
Kutaragi, 56, will become honorary chairman of the company, which has dominated the home video-game market since the 1994 launch of the original PlayStation console, the company said in a statement late Thursday.
Kutaragi is the architect of the original PlayStation and the PlayStation 2 in 2000, which both became key sources of revenue for the Japanese icon. But his most recent brainchild, the PlayStation 3, faced a string of setbacks and is up against intense competition from Nintendo's Wii and Microsoft's Xbox 360.
Kutaragi gave up the day-to-day running of the games unit last year as it slid deeper into the red due to the huge investments in the PS3. He will continue to support Howard Stringer, Sony chairman and chief.
Kutaragi, 56, will become honorary chairman of the company, which has dominated the home video-game market since the 1994 launch of the original PlayStation console, the company said in a statement late Thursday.
Kutaragi is the architect of the original PlayStation and the PlayStation 2 in 2000, which both became key sources of revenue for the Japanese icon. But his most recent brainchild, the PlayStation 3, faced a string of setbacks and is up against intense competition from Nintendo's Wii and Microsoft's Xbox 360.
Kutaragi gave up the day-to-day running of the games unit last year as it slid deeper into the red due to the huge investments in the PS3. He will continue to support Howard Stringer, Sony chairman and chief.
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