Jonathan Bullock – Softbank Group COO and MD has resigned from the boards of its two investee companies in India – Snapdeal and Ola. According to sources, David Thevenon, Softbank’s MD is likely to replace Bullock and join Ola and Snapdeal boards.
Bullock has also resigned from the board of Housing.com.
In one of the regulatory filings issued on Friday, Bullock said he was resigning from the boards of both start-ups due to “personal reasons and other obligations.”
“Please be informed that due to other obligations, I will no longer continue as a director of ANI Technologies Pvt Ltd and wish to be relieved of my duties and responsibilities with effect from January 16, 2017. Accordingly I hereby tender my resignation which may be accepted at the earliest,” Bullock said in one of the filings.
Bullock wrote a similarly worded email to the board of directors at Snapdeal and Housing.com.
Bullock had joined the boards of the three companies after former SoftBank president Nikesh Arora quit those boards in early 2015.