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SoftBank confirms departure of COO Marcelo Claure, names new CEO for worldwide unit

Marcelo Claure speaks on stage in the course of the Digital X occasion on September 07, 2021 in Cologne, Germany.

Andreas Rentz | Getty Photographs Leisure | Getty Photographs

Japanese conglomerate SoftBank Group confirmed Friday that Chief Working Officer Marcelo Claure is leaving the corporate after a nine-year tenure.

CNBC reported Thursday that Claure was going to resign from the corporate, citing folks acquainted with the matter. Sources instructed CNBC’s Andrew Ross Sorkin and Alex Sherman that Claure had been in discussions to depart SoftBank for a number of months.

SoftBank Group shares in Tokyo rose 3.28% in afternoon commerce on that information.

Claure, seen by many because the right-hand man to SoftBank boss Masayoshi Son, was additionally CEO of SoftBank Group Worldwide. He led turnaround operations at Dash, which later merged with T-Mobile in 2020, and WeWork after founder Adam Neumann stepped down.

He helped launch SoftBank’s $5 billion fund in 2019 to put money into expertise start-ups throughout Latin America in addition to the SB Opportunity Fund that invests in underrepresented racial minorities.

Michel Combes, president of SoftBank Group Worldwide, was named CEO on Friday to interchange Claure. He’ll oversee the corporate’s working and funding portfolio.

“Marcelo has made many contributions to SoftBank throughout his time right here and we thank him for his dedication and want him continued success in his future endeavors,” Masayoshi Son, SoftBank Group Chairman and CEO, stated in a press release.

“I’ve nice confidence in Michel Combes and the proficient SoftBank group to proceed with the nice work now we have underway at SBGI [SoftBank Group International].”

Claure is the most recent amongst Son’s shut advisors to abruptly depart the corporate. Nikesh Arora, who was primed to ultimately succeed Son, departed in 2016 whereas Alok Sama left in 2019.

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