SoftBank’s Nikesh Arora to replace Yahoo Japan chairman

TOKYO: Yahoo Japan has said that SoftBank chief executive Masayoshi Son would step down as its chairman in June, to be succeeded by SoftBank president Nikesh Arora.

Son will stay on as a director at Yahoo Japan, in which SoftBank owns a stake of about 36%.

“Nikesh Arora brings with him a broad global perspective as well as extensive knowledge of internet businesses,” Yahoo Japan said in a statement.

SoftBank this month appointed Arora, a former Google executive, as president, and named him as a potential successor to Son, the billionaire founder of the telecoms conglomerate.

Source: PTI

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