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SoftBank Group appoints Nikesh Arora as COO and president

SoftBank Group has named Nikesh Arora as its new chief operating officer and president as part of a major restructuring at the Japanese telecom and Internet conglomerate. TechCircle reports that Arora is one of the four non-Japanese members in the 14-member board of SoftBank. Lol. Never thought about it that way. https://t.co/5bYpogkuiL — Nikesh Arora (@nikesharora) May 12, 2015 Prior to SoftBank, Arora served as senior vice president and chief business officer of Google. He was also senior advisor of value creation at Silver Lake Partners and also served as chief marketing officer and a member of the management board of T-Mobile International AG & Co. In the past, he had also worked at Deutsche Telekom AG, Putnam Investments, Fidelity Investments, Colgate-Palmolive Co. Arora had also founded T-Motion Plc, a mobile multimedia subsidiary of T-Mobile International. He had also served as a non-executive director of India telecom major Bharti Airtel from 2008 to 2014. Earlier in October 2014, SoftBank had said that it has committed to invest $10 billion in the IT and communications segment in India. Arora joined SoftBank in 2014 as vice chairman and as CEO of SoftBank Internet & Media Inc (SIMI) and led several marquee investments in India which includes Snapdeal with $627 million, a $210 million investment round in cabs aggregator Ola and a $90 million funding round in property search startup Housing.com. Arora recently resigned as a nominee director of the three Indian firms and it seemed that this was a precursor to his new appointment and TechCircle adds that this will…

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