Naspers and Prosus CEO Bob van Dijk resigns; Myntra experiments with returns - The Economic Times

In a sudden move, Bob van Djik has resigned as CEO and board member of technology investment firm Prosus and its South African parent Naspers. This and more in today’s ETtech Morning Dispatch.
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Bob van Dijk steps down as CEO of Prosus and parent Naspers
Bob van Dijk has stepped down as the CEO and board member of Dutch-listed technology investment firm Prosus and its parent, South African conglomerate Naspers, according to a statement from the Amsterdam-based company. His abrupt departure, after spending ten years at the group, marks a significant top-deck change.
What now? Van Dijk will remain as an advisor to both boards until September 30, 2024, to support them through the transition. Ervin Tu, the group’s chief investment officer, has been appointed as the interim CEO. Tu joined Prosus two years ago from SoftBank Vision Fund, where he was a managing partner and led investments in Uber and TikTok-parent Bytedance.
Impact of exit: On Monday evening (IST), Prosus shares were trading almost 3% down in Amsterdam at 28.72 euros, while Naspers' shares were 2.5% lower in Johannesburg, South Africa. Shares of Tencent—in which Prosus owns a 26% stake—ended 1.6% lower in China.
A decade at Naspers: Van Dijk oversaw Prosus going public after the parent group wanted to unlock value by listing the...

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