REG - Prosus NV Naspers Limited - Fabricio Bloisi appointed CEO, Prosus and Naspers

Prosus NVAnnouncement

17/05/2024 07:00

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RNS Number : 7909O  Prosus NV  17 May 2024

Prosus N.V.

(Incorporated in the Netherlands)

(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)

AEX and JSE Share Code: PRX ISIN: NL0013654783

(Prosus)

 

FABRICIO BLOISI APPOINTED CEO, PROSUS AND NASPERS

 

Prosus 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)
.

 

https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=7050510&linkSecurityString=f742b40d4
(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.

Amsterdam, the Netherlands
17 May 2024

JSE sponsor to Prosus
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 Prosus

Prosus is a global consumer internet group and one of the largest technology
investors in the world. Operating and investing globally in markets with
long-term growth potential, Prosus builds leading consumer internet companies
that empower people and enrich communities.

The group is focused on building meaningful businesses in the online
classifieds, food delivery, payments and fintech, and education technology
sectors in markets including India and Brazil. Through its ventures team,
Prosus invests in areas including health, logistics, blockchain, and social
commerce. Prosus actively seeks new opportunities to partner with exceptional
entrepreneurs using technology to improve people's everyday lives.

Every day, billions of customers use the products and services of companies
that Prosus has invested in, acquired or built, including 99minutos, Airmeet,
Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Bilt, Biome Makers,
Borneo, Brainly, BUX, BYJU'S, Bykea, Captain Fresh, Codecademy, Collective
Benefits, Creditas, DappRadar, DeHaat, Detect Technologies, dott, EduMe,
ElasticRun, eMAG, Endowus, Eruditus, EVERY, Facily, Fashinza, Flink, Foodics,
Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi,
LazyPay, letgo, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom,
OTOMOTO, Oxford Ionics, PaySense, PayU, Pharmeasy, Platzi, Property24, Quick
Ride, Red Dot Payment, Republic, Sharebite, Shipper, ShopUp, SoloLearn, Stack
Overflow, Standvirtual, Superside, Swiggy, Thndr, Tonik, Ula, Urban Company,
Virgio, Vegrow, watchTowr, and Wayflyer.

Hundreds of millions of people have made the platforms of Prosus's associates
a part of their daily lives. For listed companies where we have an interest,
please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, and
SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two
billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary
listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets
(PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com (http://www.prosus.com) .

 

 

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