18 Sep 2023
Executive leadership and board change
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000325783
(Naspers)
Executive leadership and board change
The Naspers and Prosus boards and Bob van Dijk have mutually agreed that Bob will, effective 18 September 2023, step down from his position as chief executive as well as his position on the boards of both companies. Bob has agreed to assist with the transition after this date and will remain as a consultant to the group until 30 September 2024.
Bob has been the chief executive of Naspers since 2014 and of Prosus since its listing in 2019.
Bob established the group as a leading global consumer internet company, creating significant value for shareholders. The boards sincerely thank Bob for his leadership and contribution.
Ervin Tu will assume the role of interim Chief Executive of Naspers and Prosus.
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 first half of FY25, and the continuation of the open-ended share repurchase programme. More information will be included in the interim results to be published on 29 November 2023.
The company will convene a call to discuss this announcement with investors at 11:00 am CET today, Monday 18 September.
Cape Town, South Africa 18 September 2023
JSE sponsor to Naspers Investec Bank Limited
Shareholder call
Register for the shareholder call here
Enquiries:
|
Shamiela Letsoalo |
Eoin Ryan |
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), a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the United States of America.
For more information, please visit www.naspers.com.
Naspers Labs
In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.
Response to COVID-19
Naspers contributed R1.5 billion of emergency aid to support the South African government’s response to the COVID-19 pandemic. This contribution consisted of R500 million towards the Solidarity Fund and R1 billion worth of PPE sourced and distributed to South Africa’s front-line healthcare workers. In addition, Naspers contributed R6.9 million to the Nelson Mandela Foundation's EachOne FeedOne programme to support families who COVID-19 has impacted with meals for a year.