SoftBank Names Nikesh Arora as Potential CEO

Japan’s SoftBank Corp. unveiled a management reshuffle, appointing investments head Nikesh Arora as president and naming him as a potential successor to chief executive officer Masayoshi Son, as the telecoms conglomerate steps up its overseas expansion. The move comes as Son and SoftBank are battling to make their 2013 acquisition of US carrier Sprint Corp. for more than $20 billion profitable. A sluggish Japanese economy has forced the firm to increasingly look overseas for growth.

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