After just five months in the position, SoftBank Group International’s CEO is leaving the company.
In the press release announcing his departure, Combes took credit for helping WeWork finally go public via merging with a special purpose acquisition company.
“I am departing SoftBank proud of having achieved what I set out to do here, including turning around Sprint and executing its merger with T-Mobile, repositioning WeWork and successfully taking it public, and, most recently, the integration of the SoftBank Latin America Funds into the Vision Fund, as well as overseeing SoftBank’s strategic investments in French and European portfolio companies,” said Combes.
It is unclear why Combes is leaving the company, but another former SoftBank executive Alex Clabel will take his place.
Combes took over the role in January after Marcelo Claure stepped down following a pay dispute.
This isn’t the first time that Combes has followed Claure’s footsteps, too. Claure served as CEO of Sprint from 2014 and 2018, when Combes took over until Sprint merged with T-Mobile.
SoftBank has attempted to remedy its reputation after facing a slew of higher ups leaving the conglomerate, as well as posting disappointing figures.
