Howard Stringer, the British chairman of Japanese electronics giant Sony, said in a speech in New York that he would retire in June.
"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 to an audience at the Japan Society.
"That will allow me to move forward with new opportunities I've been presented with lately," he said.
Stringer is 71 and has been with Sony for 15 years, the British Broadcasting Corp. reported Monday.
Stringer has already given up the role of chief executive officer, which he did last April, passing the baton to Kazuo Hirai, who was then the head of Sony's video games division.
Stringer oversaw a period of monetary losses and job cuts at Sony. The company has lost money for four consecutive years. Thousands of jobs have been eliminated, as well.
Prior to taking over Sony, Stringer worked at CBS, the U.S. broadcasting company, where his career spanned three decades.
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