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 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.

Ervin assuming the role as Interim CEO will result in a seamless transition. As the Chief Investment Officer, he has made significant contributions to the strategic direction of the company and will provide continuity in the execution of the Group?s key priorities. That includes bringing the company?s ecommerce consolidated portfolio to profitability while maintaining growth, and leading capital allocation across the Group.