There has been a recent shuffling of people in the corporate level of Sony. Among the most notable changes is Ken Kutaragi's status. He is stepping down as president and CEO, becoming chairman and CEO of Sony. Kaz Hirai has taken the position of president and CEO of Sony, and took "an international designation as president and COO of Sony Computer Entertainment International (SCEI)". The move comes days after hints of Kutaragi being the source of PS3 delays and production problems. However, according to a press release, Kutaragi will continue to oversee all of Sony, and will use his executive powers to help accelerate the development of the PS3 business.