1. Nexit: Nikesh Arora resigns from Softbank over differences with Masayoshi Son

Nexit: Nikesh Arora resigns from Softbank over differences with Masayoshi Son

Nikesh Arora, the 48-year-old president and chief operating officer of Japan's SoftBank, will step down from the telecom giant effective June 22, the company said today.

By: | New Delhi | Updated: June 22, 2016 3:21 AM
Softbank President and COO Nikesh Arora has resigned from the company with effect from June 22 but will stay in advisory role for a year. (AP)

Softbank President and COO Nikesh Arora has resigned from the company with effect from June 22 but will stay in advisory role for a year. (AP)

Nikesh Arora, the 48-year-old president and chief operating officer of Japan’s SoftBank, will step down from the telecom giant effective June 22, the company said today.

Mr Arora, who took over as president and COO of SoftBank in May 2015, was seen as a potential successor to billionaire CEO Masayoshi Son.

Softbank President and COO Nikesh Arora has resigned from the company with effect from June 22 but will stay in advisory role for a year. “SoftBank Group Corp (SBG) announces the resignation of Nikesh Arora, Representative Director, President & COO, from the position of Representative Director and Director of SBG with the expiration of the term of office at the conclusion on of the 36th Annual General Meeting of Shareholders,” SoftBank said in a statement.

“The difference of expected timelines between the Masayoshi Son and Nikesh Arora leads to Arora’s resignation from the position of representative Director and Director of SBG with the expiration of the term of office and his next steps,” the Japanese firm statement said.

Check LIVE updates here:

7.10 pm: Lv india b’cos i was born there, i relate to everything there and its time has come to develop like crazy.

7.03 pm: “I have a decent life – 🙂 – no rush to decide”,Nikesh Arora tweeted

7.00 pm: Am going to support every investment of Softbank 🙂 .So they wouldnt feel the difference: Nikesh Arora tweeted

6.50 pm: “Hmm – if i step down, you can look across instead of up? Just kidding”, Nikesh Arora tweeted

5.20 pm: “All good. Masa wanted to be CEO for longer, I did as promised, time to move on”, Nikesh Arora tweeted

4.30 pm: “Going to continue to support the Indian startup ecosystem….can’t change faith if you change jobs :)!”, Nikesh Arora tweeted

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