Japanese conglomerate SoftBank GroupIt was confirmed that Marcelo Claure, Chief Operating Officer of the company, will be leaving after nine years.

CNBC reported Thursday that Claure was going to resignThe company cited people who are familiar with the matter. CNBC received information from sources. Andrew Ross SorkinAnd Alex ShermanClaure was in talks to quit SoftBank since several months.

SoftBank Group shares rose by 3.28% on this news in Tokyo afternoon trading

Many consider Claure to be the right-hand person of SoftBank boss Masayoshi Son. He was also CEO at SoftBank Group International. Sprint was his turnaround operation. later merged with T-MobileIn 2020 and WeWork After founder Adam Neumann stepped down.

He assisted launch SoftBank’s $5 billion fund in 2019To invest in tech start-ups throughout Latin America and the Caribbean SB Opportunity FundIt invests in underrepresented minority racial groups.

Michel Combes (president of SoftBank Group International) was appointed CEO Friday, replacing Claure. His responsibilities include overseeing the investment and operating portfolios of the company.

Masayoshi son, SoftBank Group CEO and Chairman, stated in a statement that Marcelo made numerous contributions to SoftBank over his tenure here.

Michel Combes is a great guy and I trust the SoftBank team. They will carry on the amazing work that we are doing at SBGI. [SoftBank Group International].”

Claure is one of Son’s most trusted advisors who has recently left the firm. Nikesh Arora was destined to succeed Son. departed in 2016While Alok Sama left in 2019.