Naspers taps Brazilian super-entrepreneur to become new CEO

Prosus and Naspers have appointed Fabricio Bloisi as CEO, effective July 1, 2024. Bloisi, former CEO of iFood, brings a strong track record in scaling tech companies. Current Interim CEO, Ervin Tu, will become President and CIO. The Group aims to continue its focus on innovation and growth.

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Issued by Prosus and Naspers

FABRICIO BLOISI APPOINTED CEO, PROSUS AND NASPERS

The Netherlands, Amsterdam, 17 May 2024: Prosus N.V. (AEX: PRX) today  announced that the Boards of Prosus and Naspers 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. 

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. He also supports projects such as ‘Meu Diploma do Ensino Médio’ and ‘Movimento Tech’, which promote education in Brazil through iFood. 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.  

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