Sony Chief Executive Officer Howard Stringer said he will continue in his job and will turn around the Japanese electronics and entertainment company, reports Bloomberg.

"I’m up for the fight,” Stringer, 69, said at an event this week in New York. “I’m going to get the company through it.”

His comments come after a report said he might step down as CEO next March, while remaining chairman, as previously reported.

Bloomberg adds: “In March, Sony promoted Kazuo Hirai to oversee a new unit combining cameras, televisions and other consumer electronics, making him a possible successor to Stringer as CEO. Stringer said at the time Hirai is gaining the ‘leadership position’ to replace him, and the company could still consider more candidates for the three positions he held, including president.”