Nikesh Arora to head SoftBank's global ops as it splits into two companies

Posted on:08 Mar 2016 11:03:22
Nikesh Arora to head SoftBank's global ops as it splits into two companies
08 March 2016 Current Affairs: SoftBank heir apparent Nikesh Arora has been appointed as the chief executive of SoftBank's global operations as the Japanese conglomerate splits into two companies, one focused on its domestic operations and another focused on its global operations.Arora joined the company as vice chairman of SoftBank Corp. and CEO of SoftBank Internet and Media (now called SB Group US) in September 2014.SoftBank CEO Masayoshi Son said that he views Arora as a strong potential successor but that a leadership change won’t take place in the near future.His new appointment, which will be effective June 19, is part of SoftBank’s effort to transform itself from a Japanese company to “a global business which will strive to create sustainable growth for the very long-term,” the company said in a statement.SoftBank also said it will change its name to SoftBank Group Corp to reflects its position as a holding company with international investments and consolidate all company assets, including SoftBank Mobile Corp. and investments in Yahoo Japan Corporation and Alibaba Group, under the name SBG.

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