SoftBank’s Rajeev Misra steps down as corporate officer on record losses

SoftBank Group Corp. said in a statement on Wednesday that Rajeev Misra is stepping down from his roles as a corporate officer and executive vice president, after a slide in technology stocks resulted in a record loss at the Japanese investment group.

ET had reported on July 7 that Misra will step down from his executive role at the technology fund, as per a communication sent by SoftBank’s founder Masayoshi Son, in what was being seen as a major rejig at the Japanese conglomerate.