Softbank Group Corp has promoted Rajeev Misra, the chief executive officer of Vision Fund as the executive vice president of the Softbank board of directors, a move that would now place the director in the list of those in the line up to succeed the Tokyo-based company’s founder Masayoshi Son.
Misra took over as CEO of $93 Bn valued Vision Fund in 2016 was elevated to the board of SoftBank Group in May 2017. As per media sources, Misra is among the least three senior executives who could succeed Son when he will step down.
3 Potential Successors Lined-Up to Take Over as Masayoshi’s Son’s Successor
Interestingly, the Japanese conglomerate had lined up 3 potential successors hinting to take over after CEO’s Masayoshi Son.
Marcelo Claure, now the chief promoting officer will be taking over his new post at a shareholders meeting slated for June 20. Similarly, a Goldman Sachs senior executive Katsunori Sago has been promoted to chief strategy officer, will now look after the group’s entire investment game plan.
Rajeev Mishra is an alumnus of MIT Sloan School of Management and University of Pennsylvania, Philadelphia who has been selected by Son to heaf Vision Fund, the largest pool of private capital ever mobilised, which looks to invest in what has been described as “futuristic technologies.”
The appointments will be officially confirmed at the shareholder’s Annual General Meeting meeting on 20 June 2018. When contacted, a SoftBank spokesperson stated, “Son’s potential successors are not limited to these three, but they are among them.
Meanwhile, Vision Fund has made some significant investments over past one year amounting to $5 Bn which includes top players such as OYO, Ola, Flipkart and Paytm. And now with Rajeev Mishra climbing the position in company’s ladder would definitely prove fruitful for the Indian majors who are heavily eyeing on Japanese conglomerate for reaping billions.