Sony Pictures CEO Tony Vinciquerra to step down; Ravi Ahuja named successor

  • Ravi Ahuja, the current Chairman of Global Television Studios and President and COO of SPE, will succeed him as President and CEO. Vinciquerra will remain in an advisory capacity with the company, serving as non-executive Chairman until the end of 2025.

Shivangini
Published1 Oct 2024, 08:05 AM IST
While Tony Vinciquerra will step down from the position of CEO atSony Pictures Entertainment, Ravi Ahuja, the current Chairman of Global Television Studios and President and COO of SPE, will succeed him as President and CEO.
While Tony Vinciquerra will step down from the position of CEO atSony Pictures Entertainment, Ravi Ahuja, the current Chairman of Global Television Studios and President and COO of SPE, will succeed him as President and CEO.(REUTERS)

Sony Pictures Entertainment (SPE) announced a major leadership transition today. Tony Vinciquerra, who has been at the helm as Chairman and CEO since 2017, will step down from his role on January 2, 2025. Ravi Ahuja, the current Chairman of Global Television Studios and President and COO of SPE, will succeed him as President and CEO.

Vinciquerra will remain in an advisory capacity with the company, serving as non-executive Chairman until the end of 2025.

Kenichiro Yoshida, Chairman and CEO of Sony Group Corporation, praised Vinciquerra’s leadership, stating, "The extraordinary turnaround at SPE over the last 10 years would not have been possible without Tony’s deep experience and expertise in the entertainment space." He further emphasised that Vinciquerra’s strategic decisions helped position SPE as a key part of Sony’s entertainment strategy.

Who is Ravi Ahuja?

Ravi Ahuja, who joined SPE in 2021, has navigated recent industry challenges and positioned the company for growth. "Ravi brings with him years of experience from his time at some of the world’s most successful entertainment companies," said Yoshida.

Reflecting on his tenure, Vinciquerra expressed gratitude for the opportunity to lead the company through such transformative years. "Together, against the odds, we achieved remarkable success and have consistently proven that this is a community built on passion and resilience," he said.

During his tenure, Vinciquerra steered SPE through numerous challenges, including the global COVID-19 pandemic and the recent historic SAG-AFTRA and WGA strikes, which brought the Hollywood movie industry to a halt. Despite these disruptions, SPE thrived, posting five consecutive years of profit growth, driven by strategic acquisitions such as Crunchyroll, a leading anime platform, and the divestment of international cable networks in declining markets.

Ahuja, who joined SPE in 2021, has overseen the company's television production and India business. He's also been vital in SPE's recent acquisitions and sales.

Looking ahead to his new role, Ahuja stated, "It is my privilege and honour to take the helm at SPE. This is a special place -- an iconic studio with an extraordinary 100-year history of storytelling."

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First Published:1 Oct 2024, 08:05 AM IST
Business NewsCompaniesNewsSony Pictures CEO Tony Vinciquerra to step down; Ravi Ahuja named successor

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