Press Releases 2015

Change of Representative Director and
Appointments of Directors and
Audit & Supervisory Board Members

May 11, 2015
SoftBank Corp.

SoftBank Corp. (the “Company”) announces that on May 11, 2015 it decided on personnel change of Representative Director and appointments of candidates for the position of Directors and Audit & Supervisory Board Members of the Company as below.

The elections of Directors and Audit & Supervisory Board Members are subject to the approval of the 35th Annual General Meeting of Shareholders (the “Meeting”) to be held on June 19, 2015, and the personnel change of Representative Director is subject to a resolution at the Board of Directors meeting to be held after the close of the Meeting. Selection of Chairman of Audit & Supervisory Board is subject to a resolution at the Audit & Supervisory Board meeting to be held after the close of the Meeting.

1. Change of Representative Director

(1) Reason for the change

Mr. Nikesh Arora assumed positions of Vice Chairman of SoftBank Corp. and CEO of SB Group US, Inc. (former SoftBank Internet and Media, Inc.) in September 2014, and has been deeply involved in the development and execution of the Group’s growth strategy. In pursuit of enhancement of the management structure along with further global development, the Company has decided to appoint Mr. Arora as Representative Director, President of the Company.

Mr. Ken Miyauchi, joined the Company in 1984, has been engaging in business expansion of the Group particularly in areas of sales and marketing, and also serves as President & CEO of SoftBank Mobile Corp., a newly born company after the merger of four domestic telecommunications subsidiaries in April 2015. As described in the press release “Changes of Corporate Names of SoftBank Corp. and Subsidiary” issued today, SoftBank Mobile Corp. will change its corporate name to “SoftBank Corp.” on July 1, 2015. Mr. Miyauchi will focus on the operation of this company, which is expected to play a larger role in the Group as its core business unit, while continuing to play a leading role in the Group management as a Director of the Company.

The title of Masayoshi Son, Chairman & CEO of the Company, remains the same.

(2) Names and titles of Representative Directors

New Representative Director

New title Name Current title
Representative Director, President Nikesh Arora Vice Chairman

Resigning Representative Director

New title Name Current title
Director Ken Miyauchi Representative Director, Senior Executive Vice President

(3) Scheduled date of change

June 19, 2015

2. Appointment of the Members of the Board of Directors

(1) Candidate for the member of the Board (to be elected on June 19, 2015)

Name Current title
Nikesh Arora
  • Vice Chairman, SoftBank Corp.
  • CEO, SB Group US, Inc.

(2) Directors to resign from the Board (to be resigning on June 19, 2015)

Name Current title
Yoshimitsu Goto
  • Director, Executive Corporate Officer, Finance, Corporate Communications, Investor Relations, Brand Management Division and General Manager of Finance, SoftBank Corp.
  • Board Director, Executive Vice President, SoftBank Mobile Corp.
  • President & Owner's Representative, Fukuoka SoftBank HAWKS Corp.
Kazuhiko Fujihara
  • Director, Executive Corporate Officer, Corporate Planning, Global Business Synergies Division and General Manager of Corporate Planning, SotBank Corp.
  • Board Director, Executive Vice President & CFO, SoftBank Mobile Corp.
[Note]
  • *
    Messrs. Yoshimitsu Goto and Kazuhiko Fujihara will resign from the Board of Directors of the Company. However Mr. Goto will remain as Executive Corporate Officer of the Company and Board Director, Executive Vice President of SoftBank Corp. (currently SoftBank Mobile Corp.) and continues to manage capital funding both in Japan and overseas. Mr. Fujihara will focus on the role as Board Director, Executive Vice President & CFO of SoftBank Corp. (currently SoftBank Mobile Corp.).

3. Appointment of Members of the Audit & Supervisory Board

(1) Candidates for the member of the Audit & Supervisory Board (to be elected on June 19, 2015)

Name Current title
Tatsuhiro Murata Audit & Supervisory Board Member, SoftBank Mobile Corp.
Maurice Atsushi Toyama Partner, PricewaterhouseCoopers Aarata
[Note]
  • *
    Mr. Maurice Atsushi Toyama is a candidate for External Audit & Supervisory Board Member.

(2) Member to resign from the Audit & Supervisory Board (to be resigning on June 19, 2015)

Name Current title
Mitsuo Sano Audit & Supervisory Board Member, SoftBank Corp.

4. List of Officers After the Change

Masayoshi Son, Chairman & CEO
Nikesh Arora, Representative Director, President
Ken Miyauchi, Director
Ronald Fisher, Director
Yun Ma, Director
Manabu Miyasaka, Director
Tadashi Yanai, Director
Mark Schwartz, Director
Shigenobu Nagamori, Director
Tatsuhiro Murata, Chairman of Audit & Supervisory Board
Maurice Atsushi Toyama, Chairman of Audit & Supervisory Board
Soichiro Uno, Audit & Supervisory Board Member
Koichi Shibayama, Audit & Supervisory Board Member
Hidekazu Kubokawa, Audit & Supervisory Board Member
[Note]
  • *
    Directors, Messrs. Tadashi Yanai, Mark Schwartz and Shigenobu Nagamori are External Directors. Audit & Supervisory Board Members, Messrs. Maurice Atsushi Toyama, Soichiro Uno, Koichi Shibayama, and Hidekazu Kubokawa are External Audit & Supervisory Board Members.

(Attachment) Biography of Candidates for the Member of the Board of Directors and the Audit & Supervisory Board

1. Nikesh Arora

Date of birth February 9, 1968
Biography May 1992 VP, Finance, Fidelity Investments
April 1997 VP, Putnam Investments
April 2000 CEO, T-Motion, PLC
July 2001 Chief Marketing Officer, T-Mobile Europe
December 2004 President, EMEA Sales, Marketing & Partnerships, Google Inc.
January 2011 Senior Vice President and Chief Business Officer, Google Inc.
September 2014 Vice Chairman, SoftBank Corp.
(to present)
September 2014 CEO, SoftBank Internet and Media, Inc. (currently SB Group US, Inc.) (to present)
November 2014 Director, Sprint Corporation (to present)
Number of the Company's shares held zero shares as of March 31, 2015

2. Tatsuhiro Murata

Date of birth April 7, 1952
Biography April 1975 Joined The Fuji Bank, Limited (currently Mizuho Bank, Ltd.)
April 2001 General Manager of Business Development Support, Commercial Finance Business Div., The Fuji Bank, Limited.
January 2007 Joined SoftBank Corp.
April 2012 General Manager, Internal Audit, SoftBank Corp.
June 2014 Audit & Supervisory Board Member, eAccess Ltd. (currently SoftBank Mobile Corp.) (to present)
Number of the Company's shares held zero shares as of March 31, 2015

3. Maurice Atsushi Toyama

Date of birth April 28, 1955
Biography September 1977 Joined San Francisco Office of Price Waterhouse
(currently PricewaterhouseCoopers)
August 1981 Certified Public Accountant, State of California, U.S.
June 2006 Partner, PricewaterhouseCoopers Aarata
(to present)
Number of the Company's shares held zero shares as of March 31, 2015
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