Tokyo, Japan - Sony Ventures Corporation today announced an executive leadership transition, appointing Kazuhito Hadano as the new Chief Executive Officer of Sony Ventures Corporation, effective January 1, 2024. Gen Tsuchikawa, previous Chief Executive Officer and Chief Investment Officer of Sony Ventures Corporation, and current Corporate Vice President of Sony Group Corporation, will assume the new role of Chairman of Sony Ventures Corporation, where he will continue to support Mr. Hadano and the Sony Ventures team and strengthen external relationships in the Venture industry.

Sony Group has long participated in the global ecosystem for creating new businesses and supporting the growth of innovative venture-backed companies. Sony Group's dedicated investment team has accumulated experience and a track record of supporting the growth of startups around the globe through the establishment of Sony Innovation Fund (established 2016); Sony Innovation Fund by IGV (2019), a joint venture with Daiwa Capital Holdings Co., Ltd.; Sony Innovation Fund: Environment (2020), which supports companies that tackle global environment issues; Sony Innovation Fund 3 L.P. (SIF3) (2022), and Sony Innovation Fund: Africa (2023), an initiative to support the growth of the entertainment businesses in Africa. "Sony Innovation Fund," "Sony Innovation Fund: Environment," and "Sony Innovation Fund: Africa" are wholly- funded by Sony.

Through its family of funds, Sony Ventures currently manages assets exceeding 450 million USD (65 billion yen), and to date, its family of funds have invested in over 170 companies worldwide in areas such as entertainment, healthtech, fintech and deep tech. The organization also supports the growth of its investees and promotes innovation by providing opportunities for collaboration, from the provision of Sony Group technologies to joint development and business alliances.

Mr. Hadano has been at Sony Group for 27 years, and currently also serves as Sony Wireless Communications Inc., Corporate Executive Officer and Sony Network Communications Europe B.V., Chief Financial Officer. He has deep experience working across the organization's diverse business units, including Wireless Communications and Network Communications, as well as in its Financial Services businesses, including Sony Global Treasury Services Plc. His versatile expertise includes establishing mid/long-term corporate strategy and execution plans, including M&A activities, strategic partnerships, and investment management. Mr. Hadano graduated from Tokyo University of Science with a Master of Engineering, Management Science.