Japan | SoftBank's president and COO Nikesh Arora to resign

SoftBank’s president and COO Nikesh Arora to resign

June 21, 2016 11:16 AM (UTC+8)

 

TOKYO (Reuters) – SoftBank Group Corp said president and chief operating officer Nikesh Arora, the potential successor to the Japanese company’s chairman and chief executive Masayoshi Son, is to step down on Wednesday.

SoftBank Group Corp. President and COO Nikesh Arora attends a conference of start-up businesses in New Delhi, India, January 16, 2016. REUTERS/Adnan Abidi
SoftBank Group Corp. President and COO Nikesh Arora. REUTERS/Adnan Abidi

SoftBank cited differences between Arora and Son over when Arora would replace him as head of the group.

Arora wanted to begin the handover process in a few years’ time, while Son planned to stay on for the time being to ensure the company’s transformation into a global Internet company, SoftBank said.

Son said in a statement he did not want to keep Nikesh waiting for the top job.

Arora, a former Google executive who joined SoftBank in September 2014 to take charge of its overseas operations, will stay with Softbank as an adviser from July 1, the company said.

(Reporting by Makiko Yamazaki. Editing by Jane Merriman)

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