SoftBank announced that Ron Fisher, a longtime lieutenant of CEO Masayoshi Son, will be stepping down from its board, in a major management shake-up. Simon Segars, CEO of software design company Arm, will also step down from the Japanese conglomerate's board.
Yuko Kawamoto, a business professor at Waseda University and prominent corporate governance expert, is also leaving the board, to join a government agency. She was the company’s first female director.
It is reported that Fisher chose to step down from his position after investments in office space company, WeWork, failed.
Nominated to replace these board members are Keiko Erikawa, the Chair of gaming company Koei Tecmo Holdings, co-CEO of internet company Z Holdings Corp and Ken Siegel, a Managing Partner at law firm Morrison & Foerster.
Votes for nominees will be finalized at a shareholder meeting next month. These changes will maintain a nine people membership on the board, with Erikawa as its only female executive.
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