Fabricio Bloisi, who was previously the CEO of iFood, takes on the position of Group CEO. In 2013, at the age of 20, iFood was acquired by Fabricio. Since then, he has expanded it quickly and profitably to become the top meal delivery business in Brazil. He has a track record of success as an innovator and entrepreneur, having built and run top-tier technology businesses in expanding markets.

Subject to shareholder approval, he will become an executive director on the Naspers board on July 1st and join the Prosus board after the AGM in August 2024.

Fabricio Bloisi said, “It is an honor 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.”

The chair of Prosus and Naspers, Koos Bekker, stated, “We’ve had some success over the years by supporting exceptional entrepreneurs who use technology to improve people’s everyday lives.” Fabricio has a track record of success as an entrepreneur. With his appointment as CEO, the Group now prioritizes entrepreneurship and innovation.

In addition, he has made iFood one of the world’s most inventive meal delivery services. He possesses a strong sense of discipline, vision and extensive operational experience. The board member feels that he is the best candidate to lead us at this time because of these skills.

The Group is on track to fulfill its promises, which include continuing the open-ended share repurchase program and attaining consolidated e-commerce trading profit in the second half of FY24. The Group’s strategic goals have not changed. Additional details will be disclosed in the year-end results, which will be released on June 24, 2024.