The Japanese telecommunications giant Softbank has announced the appointment of Nikesh Arora as the new President. The India born former Google executive earlier held the vice president’s position in the company. Last month, he was made head of investments and was seen as the potential successor to company chairman and CEO Masayoshi Son.
Prior to joining the company he was working with the tech giant Google as the chief business officer. As per a report by PTI, Arora In less than a year at SoftBank, Arora has already directed about 200 billion yen (US$ 1.67 billion) worth of deals that include investments in Indian technology startups Snapdeal, an online marketplace, and taxi-booking service Ola Cabs, Nikkei Business.
Accoring to a financial report, he joined the company in September last year, and was paid 14.6 billion yen as the entering bonus and compensation for his work as an executive at a SoftBank subsidiary, the Asahi Shimbun.