TOKYO (Reuters) – SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the current departure by a high-profile ally of CEO Masayoshi Kid.
FILE PHOTO: Jack Ma, chairman of Alibaba Group goes to the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23,2019 REUTERS/Arnd Wiegmann/File Picture
The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal service roles to focus on philanthropy.
SoftBank will propose three new visits to the board, including group Chief Financial Officer Yoshimoto Goto, at its annual general conference on June25 The variety of board members will expand to13
SoftBank will likewise propose the election of Lip-Bu Tan, CEO of chip design software application company Cadence Style Systems who is also chairman of ventu