Sony Music Entertainment Japan To Bring In Morita
Masao Morita, 43, will be appointed to an unspecified executive position at Sony Music Entertainment Japan (SMEJ) April 1, the company has announced. Morita, the second son of Sony Corp. honorary chairman and founder Akio Morita, currently serves as a corporate VP of Sony Corp., as well as president
of the company's personal and mobile communication division.
His appointment to the SMEJ board will be formalized in June at a shareholders' meeting.
Speculation in the industry here is that Morita will replace Ryokichi Kunugi as president of SMEJ and that Shigeo Murayama, appointed to the new post of SMEJ CEO late last year, will take over the post of chairman, now held by Shugo Matsuo.
Meanwhile, SMEJ executive Hiroshi Inagaki, who recently has kept a very low profile, left the company as of Jan. 31, SMEJ has announced. Inagaki had been serving as president of SMEJ think tank Axcel Inc., as well as a director of Sony Magazines and Global Rights Inc. Matsuo was named president of Axcel.
Industry sources say Inagaki is the leading candidate for the post of Warner Music Japan chairman, which has been vacant since Ryuzo Kosugi left the company in March 1997.
'With the recent moves at Sony, there's no room left for Inagaki,' says one industry observer.
(c) BPI Communications, 1998 ALL RIGHTS RESERVED
His appointment to the SMEJ board will be formalized in June at a shareholders' meeting.
Speculation in the industry here is that Morita will replace Ryokichi Kunugi as president of SMEJ and that Shigeo Murayama, appointed to the new post of SMEJ CEO late last year, will take over the post of chairman, now held by Shugo Matsuo.
Meanwhile, SMEJ executive Hiroshi Inagaki, who recently has kept a very low profile, left the company as of Jan. 31, SMEJ has announced. Inagaki had been serving as president of SMEJ think tank Axcel Inc., as well as a director of Sony Magazines and Global Rights Inc. Matsuo was named president of Axcel.
Industry sources say Inagaki is the leading candidate for the post of Warner Music Japan chairman, which has been vacant since Ryuzo Kosugi left the company in March 1997.
'With the recent moves at Sony, there's no room left for Inagaki,' says one industry observer.
(c) BPI Communications, 1998 ALL RIGHTS RESERVED
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