Sir Howard Stringer, the chairman of the board and former CEO of Sony, will be retiring from the company in June to work on the board of companies in the “healthcare and education fields.”

Stringer, who is the first non-Japanese executive to lead the company, announced his retirement during Sony’s annual shareholder meeting at the Japan Society in New York.

“A new world is opening up for me,” he said. “That will allow me to move forward with new opportunities I’ve been presented with lately.”

Stringer was formerly the CEO of Sony in 2005 and was succeeded by the current CEO Kazuo Hirai in April 2012.

“Howard’s achievements as CEO of Sony are innumerable; from breaking down silos and driving ‘Sony United,’ to fundamentally realigning the focus of Sony’s product development,” said Hirai in a statement.

Stringer will be maintaining his position as chairman of the American Film Institute.

Source: Bloomberg