U.S. business magazine Fortune has announced that Sony Corp. President Nobuyuki Idei has been chosen as its first Businessman of the Year in Asia.
A profile of Idei and the reasons behind the recognition will appear in the magazine's Jan. 12 issue, the publication said Wednesday. Fortune said that as part of its selection criteria, it "looked not only for long-term financial performance but for important tangibles that make a great manager, including a penchant for risk, a vision of the future, a feel for a new technology and a knack for managing people."
To be eligible for the award, an executive must run a company with at least $750 million in sales, the magazine said. Sony enjoyed a record $50 billion in sales in the last fiscal year.