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Alibaba’s Jack Ma resigns from SoftBank board

Sumit Arora Published On May 19th, 2020 Leave a comment

Alibaba co-founder Jack Ma will be resigning from SoftBank board of directors. Jack Ma serving for nearly 13 years in the board. Ma is expected to resign from the Group’s board on June 25. The news comes as the group posted record financial loss of USD 13 billion. Jack Ma had retired as the Executive Chairman of Alibaba in September 2019.

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The Softbank Group’s board of directors comprises 11 directors. The Group is expected to expand the number of its board members to 13. The company recently proposed nomination of three new directors to the board: chief Financial Officer Yoshimoto Got, Cadence Design Systems CEO Lip-Bu Tan and Waseda Business School professor Yuko Kawamoto.

Important takeaways for all competitive exams:

SoftBank CEO: Masayoshi Son.
SoftBank Headquarters: Minato City, Tokyo, Japan.
SoftBank established: 3 September 1981.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.