SoftBank says President Nikesh Arora to resign on Wednesday

Minato, Japan,June 21: SoftBank Group Corp said on Tuesday that President Nikesh Arora would resign as of Wednesday’s shareholders meeting, less than two years since he joined the Japanese Internet conglomerate.

SoftBank said Arora and Chairman and Chief Executive Masayoshi Son had disagreed over when Arora would replace Son as head of the group.