SoftBank Group International CEO has stepped down

The exodus continues at the SoftBank Group Intonational, this comes after the newly appointed CEO Michel Combes is now leaving the banking group. Combes recently joined the company in January taking over from Marcelo Claure who left over a pay dispute. 

In a statement about his departure, Mr Combes said: “It has been a pleasure to work with Masa and the talented teams across SoftBank. I am departing SoftBank proud of having achieved what I set out to do here, including turning around Sprint and executing its merger with T-Mobile, repositioning WeWork and successfully taking it public, and, most recently, the integration of the SoftBank Latin America Funds into the Vision Fund, as well as overseeing SoftBank’s strategic investments in French and European portfolio companies.” 

SoftBank CEO Masayoshi Son has accepted Combes’s departure from the company and he’s grateful for his contribution to the banking group.  

“I want to thank Michel for his crucial contributions to SoftBank over the past five years. He has played a critical role in some of our most important investments and assets, and I wish him all the best with his future plans. I’m glad he will remain part of the SoftBank family by continuing to represent us on various portfolio company boards.” 

Is not clear where Combes is heading however, the company’s press statement state that he has decided to pursue new opportunities. Let’s hope Combes is not leaving the banking group over a pay dispute too. 

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