Japan's SoftBank Corp unveiled a management reshuffle on Monday, appointing investments head Nikesh Arora as president and naming him as a potential successor to CEO Masayoshi Son, as the telecoms conglomerate steps up its overseas expansion.The move comes as Son and SoftBank are battling to make their 2013 acquisition of U.S. carrier Sprint Corp for more than $20 billion profitable. A sluggish Japanese economy is forcing the company to increasingly look overseas for growth.Announcing Arora's appointment at SoftBank's earnings conference, billionaire Son, who is relinquishing the president's post, said the former Google Inc executive was a "strong candidate" to lead the company in future."Yes. He's 10 years younger than me, and he has more abilities than me," Son told reporters, when asked if Arora was a potential candidate to succeed him.
Google Inc. (Google) is a global technology company. Shares of GOOG fell by 0.21% or $-1.13/share to $537.09. In the past year, the shares have traded as low as $486.23 and as high as $598.01. On average, 1786220 shares of GOOG exchange hands on a given day and today's volume is recorded at 316375.
Google Inc. (Google) is a global technology company. Shares of GOOGL fell by 0.1% or $-0.55/share to $548.40. In the past year, the shares have traded as low as $490.91 and as high as $608.91. On average, 1995330 shares of GOOGL exchange hands on a given day and today's volume is recorded at 357152.