 "Alibaba's Jack Ma resigns from SoftBank board; to pull back from formal business roles, focus on philanthropy")
Tokyo: SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
SoftBank said it will propose three new appointments to the board, including group CFO Yoshimoto Goto, at its annual general meeting on 25 June.
Advertisement
The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.
SoftBank will also propose the election of Lip-Bu Tan, CEO of chip design software firm Cadence Design Systems, and Yuko Kawamoto, professor at Waseda Business School, to the board.
 "This Week in Explainers: Will recession in UK, Japan hit daily living?")
 "Vantage | Why Chinese firms are wrong about their scrutiny by India")
 "FirstUp: Nitish Kumar to seek trust vote, RLD to formally join NDA… The big stories today")
 "This Week in Explainers: What Uttarakhand’s Uniform Civil Code means for live-in couples")
 "This Week in Explainers: Will recession in UK, Japan hit daily living?")
 "Vantage | Why Chinese firms are wrong about their scrutiny by India")
 "FirstUp: Nitish Kumar to seek trust vote, RLD to formally join NDA… The big stories today")
 "This Week in Explainers: What Uttarakhand’s Uniform Civil Code means for live-in couples")