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 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)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app