With an aim to expand its overseas operations, Japanese telecoms & internet giant SoftBank Corp has appointed Nikesh Arora as its new president. He is currently serving in the capacity of investments head. Besides, SoftBank’s founder and chairman Masayoshi Son also anointed Nikesh Arora as his possible successor.
The move comes at a time when the group is looking to enter a new phase with increased investments in Asian technology companies. Arora is one of the four non-Japanese in the 14-member board of SoftBank.
Although Arora is de facto number 2 at the Japanese giant, it pulls him out from the direct responsibility of handling SoftBank Internet & Media Inc (SIMI). It is also noted that, Son and SoftBank are also looking to improve on profit at U.S. carrier Sprint Corp, which they bought in 2013 for more than $20 Bn.
Indian born Arora, was a senior vice president and chief business officer at Google before joining SoftBank in September 2014. He became one of the most powerful Google executives, and the highest paid in 2012, when he made $51 Mn in cash and stock.
Prior to that, he was working as a senior advisor of value creation at Silver Lake Partners. Earlier, he had also served as chief marketing officer and a member of the management board of T-Mobile International AG & Co.
Besides, he had also founded T-Motion Plc, a mobile multimedia subsidiary of T-Mobile International and also served as a non-executive director of Indian telecom major Bharti Airtel from 2008 to 2014.