SoftBank Overseas Business Chief Exits in Latest Churn

SoftBank Overseas Business Chief Exits in Latest Churn
The logo of SoftBank Group Corp. at SoftBank World 2017 conference in Tokyo on July 20, 2017. Issei Kato/Reuters
Reuters
Updated:

TOKYO—Japan’s SoftBank Group Corp. said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes who leaves after just six months in the role.

SoftBank transformed the tech industry with big bets on late-stage startups but the conglomerate has turned over much of its executive team and has been forced to radically scale back investing activity through its Vision Fund as its portfolio slumps.