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Prosus, Naspers name Fabricio Bloisi as CEO
ByAinvest
Friday, May 17, 2024 1:34 am ET1min read
Prosus, Naspers name Fabricio Bloisi as CEO
Prosus N.V. (PRX) and Naspers (NPN) announced on May 17, 2024, the appointment of Fabricio Bloisi as the new Chief Executive Officer (CEO) of both companies, effective July 1, 2024 [1]. Bloisi, currently the CEO of iFood, will succeed Ervin Tu, who served as interim CEO since January 2024.
Bloisi's appointment comes as a result of his successful track record in growing and scaling technology companies, particularly in growth markets. He acquired iFood in 2013 when it was a 20-person start-up and transformed it into Brazil's leading food delivery company [1]. Koos Bekker, Prosus and Naspers chair, praised Bloisi's entrepreneurial spirit and vision, stating that his appointment would place innovation and entrepreneurship at the heart of the Group [1].
Bloisi's appointment is not surprising, given his impressive background. He has a reputation for operational excellence and deep roots in building and scaling successful technology companies. His leadership at iFood, which has grown into a well-known brand in Latin America, is a testament to his ability to balance innovation with discipline and act fast while empowering his team [1].
Bloisi will join the Naspers board as an executive director on July 1 and the Prosus board following the AGM in August 2024, subject to shareholder approval [1]. Ervin Tu, who has done an outstanding job as interim CEO, will continue to play a critical role in shaping the Group's future strategy, investments, and capital allocation as President and Chief Investment Officer (CIO) [1].
The strategic goals of Prosus and Naspers remain unchanged, and the companies are on track to deliver on their commitments, including achieving consolidated ecommerce trading profit during the second half of FY24 and continuing the open-ended share repurchase program [1].
References:
[1] MarketScreener. Fabricio Bloisi Appointed CEO, Prosus and Naspers. May 17, 2024. https://www.marketscreener.com/quote/stock/NASPERS-LIMITED-1413396/news/Fabricio-Bloisi-Appointed-CEO-Prosus-and-Naspers-46754338/
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