Sony Group revealed Wednesday that current president Hiroki Totoki will be elevated to the position of CEO, starting April 1, in the Japanese electronics and entertainment giant’s first major leadership change in seven years. Chairman and CEO Kenichiro Yoshida will continue in the sole role of chairman.

Sony suggested that the promotion of Totoki will continue to accelerate its recent strategy of focusing on entertainment and leveraging IP for growth.

“My predecessors as CEO, Kazuo Hirai and Kenichiro Yoshida, have greatly enhanced Sony’s value, and I will do my utmost to further build on this success and pass on an even better Sony to the next generation,” Totoki said in a a statement. “At our corporate strategy meeting in May of last year, we newly announced our ‘Creative Entertainment Vision,’ which outlines where we want Sony to be in 10 years, with our purpose as the guiding principle. Our greatest...