Naspers/Prosus CEO Bob van Dijk Abruptly Steps Down

Bob van Dijk has stepped down as the CEO of Naspers and Prosus, with M&A chief Ervin Tu taking over on an interim basis. The move coincides with Prosus ending its stake in Naspers. Tu, a former manager at SoftBank's Vision Fund, will oversee Prosus's investments in consumer internet businesses. Naspers chairman Koos Bekker emphasized that the companies have no plans to divest from Tencent. Van Dijk's departure comes after nearly a decade at the helm, during which he oversaw Prosus's successful IPO but struggled to reduce the discount in the value of Prosus and Naspers compared to Tencent. Van Dijk will remain as a consultant until September 2024.