| Log in
Photo Credit: Nikesh Arora

Nikesh Arora to replace SoftBank CEO Masayoshi Son as Yahoo Japan chairman

22 May, 2015

India-born Nikesh Arora, who is named president of SoftBank, is set to become chairman at Yahoo Japan, the company said in a release.

SoftBank chief executive officer Masayoshi Son, the incumbent chairman, will continue on Yahoo Japan’s board as a director.

Industry watchers see this move as another sign that Arora is being groomed for the corner office at SoftBank, the Tokyo-headquartered telecommunications and internet conglomerate.

“Along with his global and wide knowledge, Nikesh Arora has deep insight into the internet business. We will bring him on board in order to maximise the value of our company,” the release said.  SoftBank currently holds 43 per cent stake in Yahoo Japan.

Earlier this month, 46-year-old Arora was named SoftBank’s president.

“Yes, he’s 10 years younger than me, and he has more abilities than me,” Son had told reporters then, when asked if Arora was a potential candidate to succeed him.

Arora had joined SoftBank in 2014 from Google, were he served as senior vice president and chief business officer.

With positions in Ola Cabs, Housing.com and Snapdeal, SoftBank is among the top investors in India’s burgeoning e-commerce space. Last year, SoftBank said it will invest about $10 billion (over Rs 60,000 crore) in the country’s IT and communications sector.


Leave Your Comment
Nikesh Arora named president & COO of SoftBank Group

Nikesh Arora named president & COO of SoftBank Group

Manu P Toms 3 years ago
SoftBank Corp has named Nikesh Arora as its new president and COO as part of a...
Nikesh Arora to lead SoftBank's global business after operational rejig

Nikesh Arora to lead SoftBank’s global business after operational rejig

Anuradha Verma 2 years ago
Nikesh Arora, president and chief operating officer at SoftBank Group Corp, will...
Nikesh Arora to invest $482M in SoftBank

Nikesh Arora to invest $482M in SoftBank

TEAM VCC 3 years ago
Nikesh Arora, president and COO of SoftBank Group Corp (SoftBank), said on...
No Comments

Nikesh Arora to replace SoftBank CEO Masayoshi Son as Yahoo Japan chairman

Powered by WordPress.com VIP