There is now an apparent heir for the CEO of the PlayStation company. The current CEO, Howard Stringer, a 69 year old renewed his contract and named the competent 50 year old Kazuo Hirai as "the leader of the race" to become his successor. He also stated that he will oversee the restructuring of the company for an unspecified period of time. He has stated that the convergence of networked entertainment and technology was the key to the consumer electronics industry. Not long after this announcement Hirai became the head of the networked products and service group. This led to him receiving a better chance to getting the job.
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