Odisha-born Rajeev Misra has been elevated to Executive Vice President of the Board of Directors at Japanese conglomerate Softbank, which puts him in the coveted group of top executives who could potentially become Masayoshi Son’s successor.
Born in Bhoisahi in Balasore town of Odisha, Rajeev Mishra, 56, holds Bachelor of Science in Mechanical Engineering from IIT, Delhi. He then went on to obtain a Master’s degree in Computer Science from the University of Pennsylvania and an MBA from the Sloan School of Management. So far, Rajeev Misra has worked for several top financial companies such as Merrill Lynch, Deutsche Bank, UBS Group, Fortress Investment Group.
In November 2014, he joined SoftBank as the head of strategic finance and was appointed CEO of $93bn investment fund called Softbank Vision Fund. Rajeev Misra’s appointment is currently subject to the approval of the shareholders and Board of Directors at the Annual General Meeting scheduled to be held on June 20, 2018.
The IIT-Delhi alumnus is among the three senior executives who were appointed as Executive Vice Presidents of the Board of Directors. The trio are being seen as potential successors when the 60-year-old SoftBank CEO decides to step down. Misra, who was elevated to the board of the SoftBank Group last year will draw a salary of $11.2 million including cash and stock, The Economic Times reported.
Misra’s salary is lower than the high profile package received by Nikesh Arora, another executive of Indian origin who was in line to be Son’s successor till June 2016 but stepped down amid a dispute with SoftBank’s shareholders.