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Basil Sgourdos to retire as CFO of Naspers and Prosus after 29 years
YourStory
·
11m ago
Medial
Basil Sgourdos, the CFO of Naspers and Prosus, has announced his retirement after 29 years with the company. His retirement will be effective from November 30, 2024. Sgourdos joined Naspers in 1994 and held various leadership roles before becoming Group CFO of both Naspers and Prosus. Naspers chairman, Koos Bekker, expressed gratitude for Sgourdos' contributions and acknowledged his role in establishing the company as a prominent global e-commerce player. Prosus, which is undergoing a corporate restructuring, achieved consolidated ecommerce profitability and reported a 19% revenue increase in its ecommerce segment.
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Prosus, Parent Nasper Rope In Former iFood Executive Fabricio Bloisi As CEO
Inc42
·
1y ago
Medial
Fabricio Bloisi, former CEO of iFood, has been appointed as the new CEO of tech investor Prosus and its parent company Naspers. He will join the Naspers board as an executive director on July 1 and the Prosus board following the AGM in August 2024. This appointment follows the resignation of Bob van Dijk as CEO of Prosus and Naspers in September 2023. Bloisi is known for rapidly growing iFood into Brazil's leading food delivery company. The company has a portfolio in India that includes BYJU'S, Eruditus, Mens Brands, OLX, Swiggy, The Good Glamm Group, Lazypay, and Pharmeasy.
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Bob van Dijk steps down as CEO of Prosus and Naspers
Livemint
·
1y ago
Medial
Bob van Dijk has resigned as CEO of both Prosus and Naspers, with Ervin Tu taking over as interim CEO. Van Dijk has been with Naspers since 2014 and with Prosus since 2019. He will continue as a consultant until September 2024. The companies stated that their strategic goals remain unchanged and they are on track to fulfill their commitments.
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Prosus gets new CEO from portfolio firm iFood
The Arc Web
·
1y ago
Medial
Technology investor Prosus and its parent company, Naspers, have announced the appointment of Fabricio Bloisi as the new CEO. Bloisi, currently the CEO of iFood, will take up the role on July 1. This move is significant as Prosus is a major backer of Indian unicorns such as Swiggy, Meesho, and Byju’s. Bloisi will replace interim CEO Ervin Tu, who will become president and chief investment officer. Prosus has been restructuring its operations and ranks since mid-2023.
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Prosus elevates Ashutosh Sharma to lead India, Southeast Asia deals
The Arc Web
·
1y ago
Medial
Ashutosh Sharma has been promoted as the leader of investments in India and Southeast Asia for Prosus, one of India's major investors. Previously the head of Prosus Ventures in India, Sharma will now report to Prosus's interim CEO, Ervin Tu. This move is part of a broader restructuring, as Sharma takes on wider responsibilities and oversees a team in Singapore. His focus will be on new investments and managing existing portfolio companies. Sharma has been with Prosus and its parent company Naspers since 2016 and has a background in venture firms and engineering.
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Prosus ropes in former OLX Autos CEO to head edtech investments
Money Control
·
1y ago
Medial
Prosus will be splitting edtech and food delivery as two different segments with dedicated leadership teams. Thakar will be the CEO of edtech for Prosus, while Roger Rabalais, currently CFO Food and COO B2C, will take on the role of CEO food delivery.
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Closing new deals in India despite Byju's debacle: Prosus CEO Fabricio Bloisi
Economic Times
·
11m ago
Medial
Fabricio Bloisi, the new CEO of Prosus and Naspers, plans to continue investing in early-to-late stage companies in India despite a $500 million write-off due to the collapse of Byju's. Bloisi believes that valuation resets are typical in the technology sector and that it doesn't deter long-term investors. He remains optimistic about the Indian market and sees it as a global priority for Prosus. Bloisi also mentioned that Prosus is looking for deals in AI and is interested in companies that target the next 300 million users in India. Swiggy, in which Prosus holds a stake, is preparing for an IPO, and PayU India is also planning an IPO.
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Prosus Expects More IPOs In Indian Startup Ecosystem
Inc42
·
8m ago
Medial
PE firm CEO Fabricio Bloisi remains optimistic about the prospects in the country and states that the company is valued at around $100 billion. Prosus, a subsidiary of Naspers, has already invested over $7 billion in Indian startups, according to Inc42 and Tracxn data.
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Intel CEO Pat Gelsinger retires from struggling chipmaker
Economic Times
·
7m ago
Medial
Intel announced that CEO Pat Gelsinger will retire from the company on December 1. In the meantime, CFO David Zinsner and senior executive Michelle Johnston Holthaus will serve as interim co-CEOs. Intel's board will commence the search for a permanent CEO. As a result of this news, the company's shares saw a near 3% increase in premarket trading.
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Prosus gains $2 billion on Swiggy investment with IPO valuation
Economic Times
·
8m ago
Medial
Prosus, the largest investor in Tencent Holdings, has earned over $2 billion from its investment in Indian food delivery platform Swiggy. Prosus and its parent company Naspers have invested $1.3 billion in Swiggy, which is targeting a valuation of up to $11.3 billion in its IPO. Prosus plans to sell down shares in the IPO but will retain a 25% stake, similar to its stake in Tencent. The company is confident in the future growth of the Indian market and has been actively seeking investment opportunities in India. The IPO has attracted significant interest from global fund managers.
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Wipro Consumer Care & Lighting Names Kumar Chander as New CEO
StartupTalky
·
1d ago
Medial
Wipro Consumer Care & Lighting has appointed Kumar Chander as the new CEO, succeeding Vineet Agrawal, who will retire in January 2026 after 40 years at the company. Chander, currently President of Southeast Asia and Yardley India, will begin his transition in October 2025. Under Agrawal’s leadership since 2002, Wipro transformed from a domestic entity to a global FMCG force, achieving significant growth and 15 acquisitions thereby elevating its international brand presence.
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