SoftBank Corp. announced yesterday Ken Miyauchi will become Chairman of the company; he is currently the President and CEO, and Junichi Miyakawa will assume Miyauchi’s position. Miyakawa has been SoftBank’s CEO Representative Director and CTO. Masayoshi Son, currently Chairman of the Board of Directors, will be Board Director, Founder as of April 1, 2021.
The company said the change was made “to achieve sustainable growth as a listed company and pass on the strengths of its current management system to future generations.” Miyakawa was reportedly appointed successor “in light of his deep knowledge of cutting-edge technologies and his advanced business management capabilities.”
SoftBank said the structure of the company will change significantly in the spring of 2021, but provided no further detail. Miyauchi was cited for having grown SoftBank’s core telecommunications business by strengthening its customer base as well as promoting structural reforms to increase management efficiency.
Miyakawa became Technical Chief Operating Officer at Sprint Corporation (currently, T-Mobile U.S. Inc.), and is credited by the company with contributing to the improvement of its telecommunications network and the reconstruction of its business. He oversaw the company’s telecommunications infrastructure and technology as a Board Director in charge of technology. In recent years, he’s also been operating SoftBank-owned businesses as President and CEO of MONET Technologies Inc., a joint venture with Toyota Motor Corporation, and HAPSMobile Inc.