Tech company Sony Ventures Corp appointed insider Kazuhito Hadano as its chief executive officer, on Friday, replacing Gen Tsuchikawa, CEO and Chief Investment Officer, effective January 1.
Hadano has been with the company since 1997, serving in various roles of hierarchy, and contributing to the mergers and acquisitions of the company, partnerships, and investment management. He, most recently served as Deputy Chief Executive Officer of Sony Ventures. Prior to which, Hadano held the role of CFO at Sony Wireless Communications, a subsidiary of Sony Group.
Tsuchikawa stepped down from his role and is named as Chairman of the Japan-based firm. Additionally, the firm said Tsuchikawa will continue to support Hadano and the Sony Ventures team to strengthen external relationships in the industry.
“From the establishment of the Sony Innovation Fund to the present, I am pleased to have been able to be involved in a variety of business creation initiatives, and to have been able to build a dedicated investment team with excellent in-house investors on a global level,” said Tsuchikawa.
“I am honored to serve as Chief Executive Officer of Sony Ventures Corporation, with the support of Tsuchikawa-san, I look forward to working alongside the Sony Ventures team and collaborating with Sony Group companies to accelerate the promotion of next-generation technologies, startup development, and open innovation,” said chief Hadano.
The subsidiary of Sony Group said Sony Ventures currently holds assets valued at over $450 million (65 billion yen). Also, so far, its family of funds has invested in over 170 companies worldwide in areas such as entertainment, health tech, fintech, and deep tech.
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