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Executive overseeing investments leaves Japan's SoftBank

Executive overseeing investments leaves Japan's SoftBank

ABC News
Friday, January 28, 2022 10:01:27 AM UTC

Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving

TOKYO -- Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving, the Japanese technology company said Friday.

Claure has long been seen as a close aide to SoftBank Chief Executive Masayoshi Son, forging a partnership spanning nine years and overseeing a sprawling investment portfolio.

Tokyo-based SoftBank Group Corp. said the departure was “by mutual agreement.” SoftBank did not give a reason for his decision to leave. Some reports said he had disagreements with the company over his compensation. SoftBank declined comment.

His departure may resurrect ongoing speculation about a successor to Son, who founded SoftBank in 1981. He has made it clear he wants to groom the next generation of leaders at his company, known for daring, and sometimes flop, investments.

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