Apr 3, 2022 - Economy

Scoop: Top SoftBank executive Ron Fisher steps down

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Illustration: Aïda Amer/Axios

SoftBank executive Ronald Fisher is stepping down as head of U.S. investment operations, per an internal memo sent Friday and obtained by Axios.

Why it matters: Fisher has been with SoftBank for a whopping 27 years, spanning through the dot-com boom, Great Recession and unicorns startup eras. During that time, SoftBank grew into the U.S. venture capital market's 800-pound gorilla, changing how the industry operated.

Details: Fisher will transition into a senior advisory role on April 15. He will be succeeded by Andrew Kofman, although SoftBank Vision Fund CEO Rajeev Misra will oversee U.S. investment decisions going forward.

  • Misra, based in London, said in the memo that he plans to spend significantly more time in California.
  • A SoftBank spokesperson confirmed Fisher's move.
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