Technology Investor Prosus and its parent body, Naspers announced that Bob van Dijk is stepping down as CEO and Board member after 10 successful years of leadership with immediate effect. Bob van Dijk has led Naspers since 2014 and Prosus since 2019.
Though it is not clear why he is stepping down, the companies have announced, in a statement, that Ervin Tu, Group Chief Investment Officer has been appointed Interim CEO. Bob will assist with this transition and will remain as a consultant to the Boards until 30 September 2024.
“The Boards of Prosus and Naspers want to thank Bob for his leadership over a full decade,” said Koos Bekker, chair. “During this time substantial businesses were established in Classifieds, Food Delivery and Payments, while we also entered several new fields. We appreciate Bob’s contributions and wish him much success with his future career.”
Reuters reports that Naspers’ shares up 2% on the Johannesburg Stock Exchange after trading began on Monday due to the news.
Ervin’s appointment as Interim CEO ensures a smooth transition since having served as the Chief Investment Officer, he has played a vital role in shaping the company’s strategic direction. His leadership will ensure the continuation of the Group’s primary objectives, including driving the profitability of the consolidated Ecommerce portfolio while sustaining growth and overseeing capital allocation across the Group. He is a previous VisionBank manager and Goldman Sachs technology banker.
“Prosus is operating with momentum. I am honored to assume the role and help shape the future of the Group. I couldn’t be more excited about the team around me and to get started,” said Ervin.
1 Comment
Pingback: Fabricio Bloisi appointed as new Group CEO of Naspers and Prosus following leadership transition - Innovation Village | Technology, Product Reviews, Business