Arora had abruptly resigned from his position after it became clear that Chairman and CEO Masayoshi Son wanted to continue in his current post for another 5-10 years. Miyauchi held 1,101,230 shares of SBG as of March 31, 2016, according to a statement by SoftBank. Arora, who was hand-picked by Son two years ago to succeed him, was among the top-paid executives globally.
Japanese Group SoftBank has announced Ken Miyauchi as, head of the group’s Japanese telecommunications operations, would replace Nikesh Arora as president and chief operating officer.
He will remain in an advisory role at SoftBank for a year. Arora’s exit came just a day after he got a clean chit from a special committee set up by SoftBank to look into the allegations against him from some shareholders about his conduct and qualifications.
So let’s do:
1. ________ to replace Nikesh Arora as SoftBank president.
Source – The Hindu