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Fabricio Bloisi Named CEO of Prosus and Naspers | Rateweb
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Fabricio Bloisi Named CEO of Prosus and Naspers

Prosus N.V. and Naspers Group have announced a significant leadership change. Fabricio Bloisi will take over as CEO from 1 July 2024. This move marks a new chapter for the global technology giants. Bloisi’s proven entrepreneurial track record and innovative mindset promise a dynamic future for the companies.

Background of Prosus and Naspers

Prosus: A Global Tech Investor

Prosus is a global consumer internet group and one of the largest technology investors worldwide. The company focuses on building businesses in online classifieds, food delivery, payments and fintech, and education technology. It operates primarily in markets with long-term growth potential, including India and Brazil.

Naspers: The Parent Company

Naspers is a global consumer internet group and a major shareholder in Prosus. The company has a diverse portfolio, investing in technology sectors that improve everyday life. Naspers holds significant interests in Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, and SimilarWeb.

Fabricio Bloisi: The New CEO

A Proven Track Record

Fabricio Bloisi is the founder of Movile and the CEO of iFood, Latin America’s leading food delivery company. Under his leadership, iFood grew from a small start-up to a major player in Brazil. Bloisi’s experience in scaling tech companies makes him an ideal fit for the CEO role at Prosus and Naspers.

Educational Background and Personal Achievements

Bloisi holds a degree in Computer Science from the State University of Campinas (UNICAMP). He also earned an MBA from Getulio Vargas Foundation (FGV/EAESP), focusing on high-growth startups, innovation, and strategy. Bloisi completed advanced management programs at Stanford and Harvard. He is dedicated to promoting education through his 1Bi Foundation.

Leadership Transition

Thanking Ervin Tu

The Boards of Prosus and Naspers expressed gratitude to Ervin Tu, the Interim CEO. Tu led the Group through challenging times, refocusing teams and bringing renewed energy. He will continue to play a crucial role as the new President and Chief Investment Officer (CIO).

Bloisi’s Vision for the Future

Bloisi aims to lead Prosus and Naspers during a period of significant innovation and change. He believes technology disruption can improve billions of lives. Bloisi is committed to balancing innovation with disciplined investment. His focus on emerging technologies, like AI, will be pivotal.

Strategic Goals and Future Plans

Unchanged Strategic Goals

The Group’s strategic goals remain unchanged. Prosus and Naspers are on target to achieve consolidated e-commerce trading profit in the second half of FY24. The open-ended share repurchase program will continue.

Focusing on Growth Markets

Prosus and Naspers will maintain their focus on growth markets, particularly in India and Brazil. The companies will continue to invest in sectors like health, logistics, blockchain, and social commerce. This approach aims to empower people and enrich communities.

Impact on Financial Markets

Positive Market Reaction

The announcement of Bloisi’s appointment is expected to have a positive impact on the financial markets. Investors are likely to view this change as a strategic move to drive growth and innovation. The focus on emerging technologies and growth markets will enhance investor confidence.

Long-Term Investment Strategy

Prosus and Naspers will continue their long-term investment strategy. They aim to identify new technologies that can significantly impact global and emerging markets. This strategy ensures sustainable growth and value creation for shareholders.

Table: Key Facts about Fabricio Bloisi and Prosus

Key FactsDetails
New CEOFabricio Bloisi
Effective Date1 July 2024
Previous RoleCEO of iFood
iFood Statistics5,000 employees, 350,000 partner restaurants, 96 million orders/month
Educational BackgroundComputer Science (UNICAMP), MBA (FGV/EAESP), Stanford, Harvard
Strategic GoalsAchieve consolidated e-commerce trading profit, continue share repurchase program
Focus AreasOnline classifieds, food delivery, payments, fintech, education technology
Key MarketsIndia, Brazil
Investor ConfidenceEnhanced through focus on emerging technologies and growth markets

Conclusion

The appointment of Fabricio Bloisi as CEO of Prosus and Naspers marks a pivotal moment for the companies. Bloisi’s entrepreneurial spirit and proven track record will drive innovation and growth. The strategic goals remain firm, with a focus on emerging markets and new technologies. This leadership change promises a dynamic future for Prosus and Naspers, benefiting customers, employees, and shareholders alike. Investors can expect sustainable growth and value creation, solidifying the companies’ positions as global technology leaders.