Report: Sony searching for new board director

MCV Staff 3rd December 2013 Publishing

Sony is reportedly looking to add "at least" one new member to its board of directors.

The New York Post reports the Japanese firm has been actively seeking out a new hire to join the 13 other members of its board.

The outlet’s sources claim Sony has already approached multiple US-based executives for the opening.

Further, Dan Loeb of Hedge Fund company Third Point – one of Sony’s largest investors – has been actively campaigning for a board seat.

Loeb was the individual who famously urged Sony to sell its entertainment divisionearlier this year–a proposal later rejected by CEO Kazuo Hirai.

Sony recently hired global management consulting firm Bain and Co. to help identify potential cost cuts totaling $100m.

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