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SoftBank CEO Masayoshi Son quits seat on Alibaba board

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SoftBank CEO Masayoshi Son quits seat on Alibaba board

The Wall Street Journal

Move comes on same say Alibaba founder Jack Ma officially resigns from SoftBank board

Softbank Group CEO Masayoshi Son speaks in 2018.


AFP/Getty Images

TOKYO — SoftBank Group Corp. Chief Executive Masayoshi Son said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba Group Holding Ltd., effective the same day.

Son’s announcement, which he made at the end of SoftBank’s
9984,
+2.16%
annual shareholder meeting, follows the resignation — also effective Thursday but announced last month — of Alibaba
BABA,
-1.79%
co-founder Jack Ma from SoftBank’s board.

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