Friday, May 17, 2024

Prosus, Parent Group Naspers Name Fabricio Bloisi as New CEO

(Reuters) -Dutch technology investor Prosus and its South African parent group Naspers on Friday named Fabricio Bloisi as the new chief executive, replacing long-time boss Bob van Dijk who stepped down last September.

Bloisi, currently the CEO at iFood, a food delivery business in Latin America, will assume the role for both the companies on July 1, Prosus said in a statement.

“He (Bloisi) has a combination of vision, deep operational experience and strong discipline. It is this skill set, which the Board believes make him the right person to now lead us,” Prosus and Naspers Chair Koos Bekker said in a statement.

Outgoing CEO Dijk oversaw Prosus’s initial public offering in 2019 and the company stock’s upbeat performance during the COVID-19 pandemic. However, its shares fell along with technology valuations in the post-pandemic bust, struggling to reduce a discount in its value versus rival Tencent.

Interim CEO Ervin Tu has been appointed president and chief investment officer as Bloisi takes the helm.

(Reporting by Radhika Anilkumar and Prerna Bedi in Bengaluru; Editing by Varun H K and Sherry Jacob-Phillips)

Copyright 2024 Thomson Reuters.

Photos You Should See – May 2024

TOPSHOT - A woman wades through flood waters at an inundated residential area in Garissa, on May 9, 2024. Kenya is grappling with one of its worst floods in recent history, the latest in a string of weather catastrophes, following weeks of extreme rainfall scientists have linked to a changing climate. At least 257 people have been killed and more than 55,000 households have been displaced as murky waters submerge entire villages, destroy roads and inundate dams. (Photo by LUIS TATO / AFP) (Photo by LUIS TATO/AFP via Getty Images)