The Wall Street Journal: SoftBank CEO Masayoshi Son quits seat on Alibaba board

The Wall Street Journal

Published: June 24, 2020 at 11:44 p.m. ET

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,
-0.48%
annual shareholder meeting, follows the resignation — also effective Thursday but announced last month — of Alibaba
BABA,
-1.10%
co-founder Jack Ma from SoftBank’s board.

                  

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