03 Jun 2025
Prosus announces Ervin Tu to step down as President and CIO
Prosus has today announced that Ervin Tu, Group President and Chief Investment Officer, will step down from his current role. Ervin will maintain a relationship with the Group as an advisor.
Since he joined in August 2021. Ervin has led important Group initiatives such as simplifying the Group’s structure, improving Group-wide financial performance, implementing the ongoing share repurchase programme, and enhancing the operations of the investment team. Upon the appointment of Fabricio Bloisi as CEO in July 2024, Ervin has been instrumental in supporting a successful leadership transition.
Fabricio Bloisi said, “Ervin has made significant contributions to our people, strategy and capital allocation – as CIO, as interim CEO and as President. I am very grateful to him for his counsel and support, and I am pleased that Ervin will remain a good friend of the Prosus and Naspers team and continue to advise the company.”
Ervin Tu said, “Under Fabricio’s leadership, the Group has charted an exciting new course as a connected, innovative tech company as opposed to an investment holding company. I have enjoyed my time with the Group immensely, I’ve accomplished what I wanted to achieve, and the Group is in very good hands. I wish Fabricio and the team the very best for the future.”
Prosus’ vision and strategy has changed significantly over the past 10 months. The Group is transforming into an operating technology company, focused on lifestyle ecommerce, within its key markets of Latin America, India and Europe.
For more information, please contact:
| Eoin Ryan Head of Investor Relations |
Tel: +1 347 210 4305 |
Email: [email protected] |
|
Charlie Pemberton |
Tel: +31 6 15 49 43 59 |
Email: [email protected] |
About Naspers:
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. These include Takealot, Mr D Food, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.
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 a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the US.
For more information, please visit www.naspers.com.
Naspers Labs
In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.