Alibaba co-founder Jack Ma has resigned from the SoftBank board. The company has proposed three new appointments to the board, including group Chief Financial Officer Yoshimoto Goto. The number of board members will expand to 13. The board is largely comprised of SoftBank insiders and confidants.
SoftBank will also propose the election of Lip-Bu Tan, CEO of chip design software firm Cadence Design Systems and Yuko Kawamoto, professor at Waseda Business School.