Sony Corp chairman Howard Stringer is retiring from his role at the company and will step down in June.

Seventy-one year-old Stringer, formerly chief executive and president at Tokyo-based Sony Corp, said he will continue his role as chairman of the American Film Institute and go on to focus on ‘new opportunities’ including charity work.

Kazuo Hirai, president and chief executive of Sony, said in a statement that Howard “will be deeply missed” and had an “incomparable ability to inspire ...