Japanese Billionaire Tadashi Yanai Resigns From SoftBank Board

This article was published on: 01/13/20 1:04 AM

Tadashi Yanai

Japanese billionaire Tadashi Yanai, founder and chief executive of Uniqlo parent Fast Retailing, resigned as an independent board member of Japan’s SoftBank Group at the end of last month after 18 years on the job to focus on his fashion business.

A longtime ally and sometime critic of SoftBank founder and chief executive Masayoshi Son, the billionaire is one of only three external members of a board filled with SoftBank executives and heads of its portfolio companies.

The resignation comes at a time when SoftBank is battling with the fallout from the failed initial public offering of WeWork, with Mr Son saying he misjudged co-founder Adam Neumann’s character and pledging to strengthen corporate governance at the group’s investments.

Read the full story on The National

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