Sony Entertainment CEO leaving for a top role at Snap

Los Angeles

SONY Entertainment chief executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering.

Mr Lynton will give up his current position at Sony's movie and television unit on Feb 2 but remain as co-CEO for six months to help find a successor, Japanese conglomerate Sony Corp said in a statement on Friday.