Bob van Dijk steps down as Prosus and Naspers CEO, Ervin Tu named interim

In a major management transition, Bob van Dijk, who has been on the helm of Prosus and Naspers for the previous decade, is stepping down from his position as Chief Government Officer (CEO) and as a Board member of each Prosus and Naspers, marking the tip of an period for each the businesses. The explanations for this growth haven’t been revealed.

As a part of this transition, Ervin Tu, presently the Group Chief Funding Officer, has been appointed because the Interim CEO of Prosus. Efficient instantly, Tu will tackle this management position and start the following chapter of the businesses’ journey. To help in what the businesses time period a “seamless transition” – in addition to proceed to be part of Prosus and Naspers alike – Bob van Dijk will proceed to function a guide to each Boards till September 30, 2024. This transitional interval will enable for the switch of information, expertise, and obligations to keep up the businesses’ operational continuity.

“The Boards of Prosus and Naspers need to thank Bob for his management over a full decade,” mentioned Koos Bekker, chair. “Throughout this time substantial companies had been established in Classifieds, Meals Supply and Funds, whereas we additionally entered a number of new fields. We respect Bob’s contributions and need him a lot success along with his future profession.”

Prosus, the arm of South African tech investor Naspers, boasts a formidable portfolio of investments throughout various sectors. These investments embrace on-line classifieds, meals supply, funds, fintech, and training expertise, with a presence in key markets reminiscent of India and Brazil. A number of the extra high-profile names to have benefitted from Prosus’ investments embrace meals supply aggregator Swiggy, edtech main Byju’s, and funds agency PayU. And as a worldwide client web group, Prosus aids high-growth firms worldwide by offering them with the assets and experience wanted to develop and succeed.

Throughout his tenure, Bob van Dijk has performed a pivotal position in shaping the expansion and success of Prosus and Naspers. Beneath his management, these firms have developed into formidable gamers within the international client web panorama. His contributions have been instrumental in establishing Prosus and Naspers as leaders within the tech and funding sectors. In reality, Bob’s management has seen the businesses diversify their portfolios into numerous sectors, together with classifieds, meals supply, and funds. These strategic strikes haven’t solely expanded the businesses’ attain however have additionally created substantial worth for shareholders. The Boards of Prosus and Naspers specific their gratitude to Bob for his decade-long dedication and dedication.

Talking of Bob’s successor, Ervin Tu appears to be an appropriate alternative. Because the newly appointed Interim CEO, he’s identified to deliver a wealth of expertise and strategic acumen to the position. In his capability because the Group Chief Funding Officer, he has been instrumental in defining and driving the strategic path of the Group. Tu’s new obligations will embody main the cost to deliver the corporate’s consolidated e-commerce portfolio to profitability whereas sustaining its development trajectory. Furthermore, he’ll play a pivotal position in capital allocation choices throughout the Group.

“Prosus is working with momentum. I’m honored to imagine the position and assist form the way forward for the Group. I couldn’t be extra excited concerning the group round me and to get began,” Ervin Tu commented.