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Sony kicks top executive to the curb after terrible U.S. sales


In a bid to increase consumer electronics sales in the U.S., Sony replaced Sony Electronics (SEL) President Phil Molyneux with Michael Fasulo, who has been with the company since 1984, The Wall Street Journal reports. Molyneux, also the current COO of SEL, will become a non-executive Chairman. Joining Fasulo, who’s currently the Executive Vice President of the company in charge of sales and retail execution for the region, will be Toshifumi Okuda who will become the Deputy President on January 1, 2014 when the changes are scheduled to occur. Sony’s CEO Kaz Hirai hopes that the change in leadership will be beneficial for the company. “Mike and Okuda-san’s strong backgrounds in sales and marketing will serve them well as SEL

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