Naspers Announces Appointment of Manisha Girotra as Independent Non-Executive Director
May 06 2019 - 11:36AM
Business Wire
Manisha Girotra (49) will be appointed as an independent
non-executive director of Naspers Limited (JSE: NPN; LSE: NPSN)
after the listing of Naspers’ subsidiary, NewCo, on the Euronext
Amsterdam (with a secondary listing on the JSE), which, as
announced on 25 March 2019, is expected to be implemented no
earlier than the second half of 2019. NewCo, a new global consumer
internet group, will comprise all Naspers’ internet interests
outside of South Africa. Manisha will also serve on the board of
NewCo, post its listing, and as a member of the Naspers and NewCo
audit committees.
Manisha is the chief executive officer of Moelis India. She has
more than 25 years of investment banking experience, with extensive
cross-border M&A expertise across a broad range of industries.
Prior to joining Moelis & Company, Manisha was CEO and Country
Head of UBS in India managing its investment bank, commercial bank,
markets, equity research and wealth management divisions.
Previously, she was Head: North India of Barclays Bank. She began
her investment banking career at ANZ Grindlays in London.
Manisha holds a BA (Hons) degree in Economics from St. Stephen’s
College in Delhi, India, and received a gold medal for her master’s
degree from the Delhi School of Economics. She currently serves on
the boards of Ashok Leyland, Jio Payments Bank and KEC
International.
“I am delighted to join the Board of Naspers, a company I
respect not just for their business acumen but also for their
contribution to the broader society globally,” said Manisha
Girotra.
Commenting on the appointment, CEO of Naspers, Bob van Dijk,
said, “We’re delighted to appoint Manisha as an independent
non-executive director to the board of Naspers and to the board of
Naspers’ subsidiary Newco, following its listing on Euronext
Amsterdam. Her extensive experience in investment banking across a
broad range of industries and geographies, notably in India - a key
market for us, will add significant value to the group as we
implement our company strategy.”
About Naspers
Naspers is a global consumer internet group and one of the
largest technology investors in the world. Operating and investing
in countries and markets across the world with long-term growth
potential, Naspers builds leading companies that empower people and
enrich communities. The group operates and partners a number of
leading internet businesses across the Americas, Africa, Central
and Eastern Europe, and Asia in sectors including online
classifieds, food delivery, payments, travel, education, health,
and social and internet platforms.
Every day, millions of people use the products and services of
companies that Naspers has invested in, acquired or built,
including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, ibibo,
iFood, letgo, Media24, Movile, OLX, PayU, SimilarWeb, Swiggy,
Takealot, and Udemy.
Similarly, hundreds of millions of people have made the
platforms of its associates a part of their daily lives: Tencent
(www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE:
MAIL), MakeMyTrip Limited (www.makemytrip.com; NASDAQ:MMYT) and
DeliveryHero (www.deliveryhero.com; Xetra: DHER).
Today, Naspers companies and associates help improve the lives
of around a fifth of the world’s population. Naspers actively
searches for new opportunities to partner exceptional entrepreneurs
who are using technology to address big societal needs.
Naspers has a primary listing on the Johannesburg Stock Exchange
(NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in
South Africa, and has an ADR listing on the London Stock Exchange
(LSE: NPSN).
For more information, please visit www.naspers.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190506005516/en/
Shamiela Letsoalo, Media Relations DirectorMobile: +27 78
802 6310Email: shamiela.letsoalo@naspers.com
Eoin Ryan, Head of Investor RelationsTel: +1
347-210-4305Email: eoin.ryan@naspers.com
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