SoftBank has appointed Ken Miyauchi, a long time employee of the company to replace Nikesh Arora as the company's president and chief operating officer. Ken who joined the operator in 1984, was last year named as the President & CEO, SoftBank Mobile, its domestic mobile operating firm.
Arora, the former Google executive who was named by the SoftBank founder Masayoshi Son as his successor, has abruptly quit after Son announced he wanted to continue in his current post for another 5-10 years. Son, 58 had ealier planned to retire at 60.
Arora who was in charge of the company’s overseas investments, was also reportedly criticised by a SoftBank investor for pumping huge money in India. He was instrumental in SoftBank’s investments in Indian web startups including Snapdeal, Ola, Grofers, Housing.com and Oyo Rooms.
Arora will remain in an advisory role at SoftBank for a year.
