Naspers Directorate Changes
October 17 2013 - 10:29AM
Business Wire
Naspers Limited (JSE: NPN) (LSE: NPSN) today announced
several changes to its board. Ton Vosloo, chair of Naspers,
advised, “As Naspers’s subsidiary MIH Holdings (Pty) Ltd (MIH) had
grown to comprise the vast majority of Naspers’ market
capitalisation, large overlaps developed between the activities of
the MIH and Naspers boards. It was decided to reconfigure the
Naspers board.” As part of this process Messrs. Lourens Jonker,
Neil van Heerden and Prof Hein Willemse stepped down. “We thank
them for their service and valuable contribution to the Naspers
board,” said Vosloo. In view of their print media expertise built
up over many years, they have been invited to join the Media24
Holdings (Pty) Ltd board.
Messrs. Craig Enenstein, Don Eriksson, Roberto Oliveira de Lima,
Yuanhe Ma and Cobus Stofberg have been appointed directors of
Naspers. Most of them previously served on the board of Naspers’
subsidiary MIH. Vosloo commented, “We are pleased to welcome our
new directors. They bring a wealth of knowledge and expertise to
the board.”
Craig Enenstein is the CEO of Corridor Capital, LLC, a Los
Angeles-based private equity fund. Mr. Enenstein has experience in
developing and driving growth strategies, performing operational
improvements and facilitating highly complex strategic consortia
investments. He holds an MBA Finance (Wharton School of Business),
an MA International Studies (Lauder Institute: University of
Pennsylvania) and a BA (University of California: Berkeley).
Don Eriksson is a chartered accountant (SA) and an honorary life
member of the Institute of Directors (IOD). He is currently chair
of Oakleaf Insurance Company Limited, Insurance Outsourcing
Managers Holdings Limited, Renasa Insurance Company and a former
trustee and current member of the audit and risk committees of
Discovery Health Medical Scheme.
Roberto Oliveira de Lima is presently a board member of
Telefonica Brasil, Natura Cosméticos, Rodobens Negócios
Imobiliários and Companhia Brasileira de Distribuição in Brazil and
Edenred in France. Mr. Oliveira de Lima has a wealth of experience
in the telecommunications sector where he was CEO of the leading
mobile telecommunication company in South America, Vivo SA. He has
a Bachelor in Public Administration and a Specialization in
Corporate Administration from FGV-Fundação Getúlio Vargas, São
Paulo, as well as a post-graduate degree in Finance and Strategic
Planning from Institute Supérieur des Affaires.
Yuanhe Ma worked in various positions in China’s Administration
of Radio, Film and Television for more than 30 years, before
retiring from his post as head of the Hong Kong office in March
2002. Mr. Ma graduated from Beijing Broadcasting Institute's
Foreign Language Department and has wide experience in many parts
of the world.
Cobus Stofberg is a founder member of M-Net in 1986. He served
as CEO of the MIH group from 1997 to 2011, and has been
instrumental in the expansion of the group. Prior to joining M-Net,
he was a partner of Coopers & Lybrand (predecessor of
PricewaterhouseCoopers Inc.). He holds a B.Comm (Law), LLB, from
Stellenbosch, B.Compt (Honours) from the University of South Africa
(UNISA) and qualified as a chartered accountant in South
Africa.
The Naspers board now comprises 15 directors with Ton Vosloo as
chair, Koos Bekker as CEO and Steve Pacak as CFO.
Naspers will report its financial results for the first half of
the present financial year in the last week of November. More
information on the group is available on the website
www.naspers.com.
IMPORTANT INFORMATION
This media release contains forward-looking statements as
defined in the United States Private Securities Litigation Reform
Act of 1995. Words such as “believe,” “anticipate,” “intend,”
“seek,” “will,” “plan,” “could,” “may,” “endeavour” and similar
expressions are intended to identify such forward-looking
statements, but are not the exclusive means of identifying such
statements. While these forward-looking statements represent our
judgments and future expectations, a number of risks, uncertainties
and other important factors could cause actual developments and
results to differ materially from our expectations. These include
numerous factors that could adversely affect our businesses and
financial performance. We are not under any obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements whether as a result of new information,
future events or otherwise. Investors are cautioned not to place
undue reliance on any forward-looking statements contained
herein.
Naspers LimitedMeloy Horn, Head of Investor Relations+27
11 289 3320+27 11 289 4446Mobile: +27 82 772 7123
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