Naspers CFO calls it a day

·8 Aug 2024

Naspers and Prosus, the owners of Takealot, have announced that Basil Sgourdos, the Chief Financial Officer and financial director of both companies, will retire.

Sgourdos has been with the company for 29 years.

He joined MultiChouce in 1994, initially as the finance manager of the South African operations division, before taking on a number of other global leadership positions within the group.

He became the Group Chief Financial Director of Naspers in July 2014 and of Prosus since its listing in 2019.

“While Basil will remain active in his role for another few months, I would like to take this opportunity to recognise and thank Basil for his dedicated service to the Company over the last 29 years,” said Chairman Koos Bekker.

“During this time, Basil has contributed to the establishment of the group as a leading global e-commerce company, creating significant value for shareholders. The boards sincerely thank Basil for his committed leadership and superb contribution’.

The human resources, remuneration, and nomination committees will start the process of finding a replacement, and the market will be advised in due course.

Following the appointment of Brazilian Fabricio Bloisi as CEO, Naspers and Prosus will now have two new senior executives leading them.

Bloisi joined the Naspers board as an executive director on 1 July and will join the Prosus board following the AGM this month.

He left his role as the CEO of iFood, wholly owned by Prosus, to take over at the parent company following Bob van Dijk’s abrupt departure.

Under his leadership, iFood grew from a 20-person start-up to one of Latin America’s leading food delivery companies.

The Brazilian entrepreneur is leading one of the most valuable companies in the world.

Naspers alone has a market cap of R618 billion, while Prosus, which is listed in Holland, has a market cap of roughly 80 billion euros (R1.5 trillion.)