Stepping Down: Sony’s chief leaves to focus on Snapchat
An early investor in Snap, Michael Lynton has been on the board nearly four years
SAN FRANCISCO:
The head of Sony’s entertainment business announced Friday that he is stepping down to devote energy to Snapchat as the start-up behind the smartphone messaging app prepares to go public. An early investor in Snap, Michael Lynton has been on the board nearly four years. The California company confirmed to AFP that Lynton became chairman of the board late last year. “I have been involved with Evan (Spiegel) and Snapchat since its early days, and given its growth since then, decided the time was right to transition and focus on my role as chairman of the board of Snap Inc,” Lynton said in a release. He will stay on as “co-chief executive officer” of Sony Entertainment, working with Sony Corporation chief Kazuo Hirai to find a successor, according to the company.
Published in The Express Tribune, January 15th, 2017.
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