Sony Entertainment CEO exiting for a top role at Snap

By Lisa Richwine LOS ANGELES (Reuters) – 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. 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. Lynton was an early investor in the company co-founded by 26-year-old CEO Evan Spiegel, and has served on its board for nearly four years.

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