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SoftBank’s Son May Stay on as Chairman Past Age of 69

  • Investors asked about buyback, buyout, succession at meeting
  • The founder said he may relinquish CEO post before 70
Masayoshi Son
Masayoshi SonPhotographer: Kiyoshi Ota/Bloomberg
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Masayoshi Son isn’t letting go of the reins at SoftBank Group Corp. anytime soon, even as the founder tells shareholders he’s taking the issue of his succession seriously.

Son, who has often indicated he plans to find his replacement in his 60s, may stay on as the chairman into his 70s, the billionaire told shareholders during their annual meeting Wednesday. Son may relinquish the chief executive officer title and hopes to have an idea of who his successor will be at around 69. For now, the 63-year-old CEO, unusually wearing reading glasses during his presentation, said he feels energized “thanks to advanced medical technology.”