[서울신문] Chairman Son Jeong-eui resigns… Softbank generation change

As Founder Director… “Human Resources for Subsidiary Integration”
From April, Vice President Miyakawa becomes CEO

3rd generation Korean-Japanese president Son Jeong-eui (left, Japanese hand, Masayoshi, 64), who founded SoftBank and raised it as a world-leading information technology (IT) dinosaur company, retires from the front line of telecommunications business management, the foundation of the group. It is the dimension of building a new-minded system centered on’Beyond Carrier’, which means’post-communication’.

Softbank announced on the 26th that “Junichi Miyakawa (right 56), vice president and chief technology officer (CTO) will become president and chief executive officer (CEO) from April.” The current president, Ken Miyauchi (72), is promoted to chairmanship and retires as a descendant.

Chairman Son’s title changes from Softbank chairman to’Founder Director’. However, the chairmanship of the Softbank Group will remain. It also continues to play a role in establishing global business and investment strategies.

Experts analyze that this HR is to accelerate the generation of executives by establishing a new CEO system that is well versed in the high-tech Internet and communication technologies. Softbank said, “This is the time to integrate Z Holdings (a holding company that operates Yahoo Japan, etc.) and Line (a Naver subsidiary that operates Line Messenger) in March.”

Born in Saga Prefecture in the Kyushu region, Chairman Son has grown into a global IT giant by steadily expanding its business area after establishing Softbank, a software distribution company in 1981. Initially, when he reached his 60s, he said he would retire, but in 2016, he canceled his scheduled successor nomination, saying, “I still have a lot of work I want to do.”

Miyakawa’s next CEO, from Aichi Prefecture, has continued his career in the IT sector after graduating from Hanazono University. In 2001, he was hired by SoftBank as an executive in the broadband business division. Since then, he has emerged as a representative manager of the group by improving the service quality of the Japanese subsidiary in Vodafone in the UK, which Softbank acquired in 2006, and advancing the network of the US Sprint, which was purchased in 2013.

Tokyo Correspondent Kim Tae-gyun [email protected]

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