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Fabricio Bloisi appointed CEO, Prosus and Naspers
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000325783
(Naspers)
FABRICIO BLOISI APPOINTED CEO, PROSUS AND NASPERS
Naspers today announced that the Boards of Prosus and Naspers have unanimously
approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus
and Naspers Group ("the Group"). The appointment is effective as of 1 July 2024.
Fabricio Bloisi assumes the role of Group CEO from his role as CEO, iFood. Fabricio
acquired iFood in 2013 when it was a 20-person start-up. He has since grown it rapidly
and profitably to become Brazil's leading food delivery company. Fabricio is a proven
entrepreneur and innovator with deep roots in operating, building and scaling world-
class technology companies within growth markets.
The Board would like to thank Ervin Tu for his strong leadership of the Group over the
last eight months as Interim CEO. Ervin will continue to play a critical role in shaping
the Group's future in a new position, President and Chief Investment Officer (CIO).
Koos Bekker, Prosus and Naspers chair, said, "Backing exceptional entrepreneurs
who improve people's everyday lives through technology has brought us some success
over the years. Fabricio is an entrepreneur with a proven track record. His appointment
as CEO places innovation and entrepreneurship at the heart of the Group.
"Fabricio has established iFood as one of the most innovative food delivery companies
in the world. Also, a famous brand in Latin America. He has a combination of vision,
deep operational experience and strong discipline. It is this skillset which the Board
believes make him the right person to now lead us.
"Ervin has done an outstanding job as our interim CEO. He navigated a challenging
external environment, re-focussed our teams, and brought energy and vigour to bear.
As our new President and CIO, he will play a fundamental role in shaping the Group's
future strategy, investments, and capital allocation."
Fabricio Bloisi said, "It is an honour to be given the opportunity to lead Prosus and
Naspers during a very exciting period of innovation and change within the technology
space. I am proud that we have grown iFood into one of the largest and most successful
brands in Latin America. This was driven by a passionate team balancing innovation
with disciplined investment, while acting fast and empowering our great people. That
combination is in my DNA, and I will bring it to my new role as Prosus and Naspers CEO.
"I believe we are in an amazing moment, where technology disruption can change the
life of billions of people for the better. A company like Prosus must play an important
role in identifying new technologies, such as AI, that impact the world and specifically
emerging markets. Our focus on innovation and discipline, combined with our
outstanding people, knowledge, and culture, is a recipe for better experiences for our
customers, opportunities for employees and better results for our shareholders long into
the future."
Ervin Tu, said, "Fabricio has an incredible operating track record, founders' passion, is
a champion of culture and has the vision to think big and bigger. We're in the midst of
a fascinating time of change in the technology industry. There are many opportunities
ahead and I couldn't be more excited to work alongside Fabricio on this journey."
Fabricio Bloisi will join the Naspers board as an executive director on 1 July and the
Prosus board following the AGM in August 2024, subject to shareholder approval.
The Group's strategic goals remain unchanged, and it is on target to deliver on its
commitments, including achieving consolidated ecommerce trading profit during the
second half of FY24, and the continuation of the open-ended share repurchase
programme. More information will be included in the year-end results to be published
on 24 June 2024.
The company will convene a call with investors to discuss the announcement at 11:00am
CET today, Friday 17 May. To join the call, register here.
https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=
7050510&linkSecurityString=f742b40d4
About Fabricio Bloisi
Fabrício Bloisi is the founder of Movile and the CEO of iFood, the leading food delivery
company in Latin America. iFood has over 5,000 employees, 350,000 partner
restaurants, works with over 300,000 delivery partner couriers, and serves over 96
million orders per month. iFood directly and indirectly moved U$20 billion in gross
production value, impacting 0.53% of Brazil's GDP in 2022.
Fabricio holds a degree in Computer Science from the State University of Campinas
(UNICAMP) and a MBA from Getulio Vargas Foundation (FGV/EAESP). His thesis focused
on high-growth startups, innovation, and strategy. He also completed the EPGC program
at Stanford Graduate School of Business and OPM at Harvard.
He is personally dedicated to promoting education projects through his 1Bi Foundation
to support education through technology. 1Bi supports projects such as Potência Tech,
Meu Diploma do Ensino Médio, Movimento Tech, and the XPrize. In 2023, Fabricio was
appointed as a UN spokesperson on education on SDG 4 for Brazil and also joined the
economic and sustainable development council of the President of the Republic of Brazil.
CAPE TOWN
17 May 2024
Sponsor: Investec Bank Limited
Enquiries
Investor Enquiries +1 347-210-4305
Eoin Ryan, Head of Investor Relations
Media Enquiries +31 6 15494359
Charlie Pemberton, Communications Director
About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology
investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building
leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext
Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and
ecommerce companies. These include Takealot, Mr D Food, Superbalist, Autotrader, Property24 and PayU, in addition to Media24, South
Africa's leading print and digital media business.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in
South Africa and a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the US.
For more information, please visit www.naspers.com.
on digital skills and training, enabling young people to pursue tech careers.
Date: 17-05-2024 07:05:00
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