Prosus N.V. (AEX: PRX) today announced that the Boards of
Prosus and Naspers (JSE:NPN) 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
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.
About Prosus
Prosus is a global consumer internet group and one of the
largest technology investors and operators 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.
Through the Prosus Ventures team, the Group invests in new
technology growth opportunities within logistics, fintech, health,
blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs 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. We own
and operate brands such as iFood (the leading food delivery company
in Latin America), OLX (the leader in European classifieds), and
PayU (one of the leading digital payment brands in India). Our
investments include Tencent, the leading internet company in China,
plus more than 90 other technology businesses.
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.
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Enquiries
Investor Enquiries Eoin Ryan, Head of Investor Relations
+1 347-210-4305
Media Enquiries Charlie Pemberton, Communications
Director +31 6 15494359