Softbank Group Corp President Nikesh Arora

The surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp., highlights a problem many Japanese companies face: passing the reins to a successor.

SoftBank Group Corp said that Ken Miyauchi would become president and chief operating officer to replace Nikesh Arora.

SoftBank Group Corp president Nikesh Arora, the former Google executive handpicked by the Japanese company's founder as his successor, is to step down on Wednesday.

SoftBank Group Corp (SBG) on Monday said a special committee found allegations against its President and COO Nikesh Arora in a purported shareholder demand are "without merit".

SoftBank Group Corp. President Nikesh Arora was paid 8.04 billion yen ($73 million) for the company's latest fiscal year, putting him among the top paid executives in the world for the second year in a row.

Mr Nishar will be based in San Carlos, California, and report to SoftBank President Nikesh Arora, it said in a statement.

The surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp., highlights a problem many Japanese companies face: passing the reins to a successor.

SoftBank Group Corp said that Ken Miyauchi would become president and chief operating officer to replace Nikesh Arora.

SoftBank Group Corp president Nikesh Arora, the former Google executive handpicked by the Japanese company's founder as his successor, is to step down on Wednesday.

SoftBank Group Corp (SBG) on Monday said a special committee found allegations against its President and COO Nikesh Arora in a purported shareholder demand are "without merit".

SoftBank Group Corp. President Nikesh Arora was paid 8.04 billion yen ($73 million) for the company's latest fiscal year, putting him among the top paid executives in the world for the second year in a row.

Mr Nishar will be based in San Carlos, California, and report to SoftBank President Nikesh Arora, it said in a statement.