SoftBank Team Corp explained on Monday that Alibaba co-founder Jack Ma will resign from its board, in the most current departure by a high-profile ally of CEO Masayoshi Son.
The departure of Ma, who retired as Alibaba’s government chairman in September, comes as he pulls back from formal business roles to concentrate on philanthropy.
SoftBank will suggest three new appointments to the board, such as group Main Economical Officer Yoshimoto Goto, at its once-a-year standard meeting on June twenty five. The selection of board associates will develop to 13.
SoftBank will also suggest the election of Lip-Bu Tan, CEO of