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SoftBank

SoftBank's Son to step back from Japan mobile unit role

Miyakawa to become CEO of telecom operator ahead of major merger

Masayoshi Son (right) is stepping down as chairman of SoftBank Corp. Junichi Miyakawa (left) will take over as the mobile company's CEO. (Photo by Wataru Ito) 

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son is to step back from his role as chairman of its Japanese mobile unit, SoftBank Corp., as part of a major management reshuffle.

SoftBank Corp. said current CEO Ken Miyauchi will replace Son as chairman, while chief technology officer Junichi Miyakawa will become the new CEO. The changes take effect on April 1. Son will remain on the board.

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