SoftBank strategy chief Sago to step down


TOKYO (Reuters) – SoftBank Group’s chief strategy officer, Katsunori Sago, will resign at the end of March, the company said on Friday.
Sago, a Goldman Sachs alumnus and former chief investment officer of Japan Post Bank Co where he was one of “Seven Samurai” who engineered a more aggressive investing approach, took the newly created strategy job at SoftBank in 2018.
The departure of one of CEO Masayoshi Son’s key lieutenants comes after power consolidated around Vision Fund chief Rajeev Misra and Chief Operating Officer Marcelo Claure, and as SoftBank invests in public companies under rising star Akshay Naheta.
Sago “played a crucial part in expanding SBG’s potential as an investment company,” Son said in a statement, which did not provide a reason for the departure.

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