Softbank, a major telecommunications company, has decided to promote the appointment of Vice President Junichi Miyakawa to President and CEO = Chief Executive Officer in April.
At the same time, President Ken Miyauchi was appointed as Chairman, and the founder, Masayoshi Son, will retire as Chairman.
Mr. Miyagawa, who has been appointed president and CEO of Softbank, is 55 years old.
After founding an internet connection company in his twenties, he joined Softbank's predecessor company and worked on the development of high-speed, large-capacity communication standard 5G base stations as a technical manager. I am also the president of a company that handles next-generation mobile services.
In addition, Mr. Miyauchi, who will be appointed as chairman, has been in charge of steering the telecommunications business for many years with his founder, Mr. Son, and as chairman, including Yahoo and LINE, which are scheduled to merge in March. It means to control the entire group.
On the other hand, Mr. Son will retire from the chairman and become a "founder director" with this change of president.
The company seems to have the aim of expanding its business mainly in fields such as 5G, AI, and autonomous driving under the leadership of the next president, Miyagawa, while advancing the generational change of top management.