Nikesh Arora to step down from SoftBank Group Corp post of President

Q.  Who will be stepping down from SoftBank Group Corp?
- Published on 22 Jun 16

a. Masayoshi Son
b. Nikesh Arora
c. Mahesh Arora
d. None of the above

ANSWER: Nikesh Arora
 
Nikesh Arora considered the top contender to succeed SoftBank Group Corp, founder and CEO Masayoshi Son will be handing over his current post as President of the Japanese company
  • This became clear after Son clarified Arora won’t get the top job in the near future
  • Development comes 24 hours after Arora was given a clean chit in an internal investigation for alleged irregularities in SoftBank Indian investments Housing dot com and Oyo Rooms.
  • Arora is a former Google executive who made headlines as one of the top paid company officials in the world
  • Arora made valuable contributions to SoftBank such as the monetisation of a stake in Chinese e-commerce giant Alibaba, and sale of stake in gamemnaker Supercell.
  • In May SoftBank said it aimed to sell US $7.9 billion of its stake in Alibaba.
  • Arora joined SoftBank from Google where he was Chief Business Officer
  • SoftBank invested in growth stage companies in India such as Snapdeal, Ola and Oyo

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