Nikesh Arora ,an IIT BHU Alumni and highest paid Indian and president of Soft Bank, quits today. "Masayoshi Son, Chairman & CEO of SBG, had been considering Arora as a strong candidate for succession. Son's intention was to keep leading the Group in various aspects for the time being, while Arora wished to start taking over the lead in a few years' time. The difference of expected timelines between the two leads to Arora's resignation from the position of Representative Director and Director of SBG with the expiration of the term of office and his next steps," SoftBank said in a statement.
“I was thinking of handing over my job as CEO when I turn 60, but thought maybe I’m still a bit too young, and still have energy to continue,” the 58-year-old Mr. Son said.
Mr. Arora said he will remain as an adviser to SoftBank. “This will allow me to think about my next move,” Mr. Arora said.