By Lehlohonolo Lehana.
Basil Sgourdos, the long-serving chief financial officer of Naspers and its European spin-off Prosus, will retire from both companies at the end of November 2024.
Sgourdos joined the company in 1994 as finance manager for the South African operations division of MultiChoice and subsequently held various global leadership positions.
He was appointed as the group’s chief financial director of Naspers in July 2014 and has held the same role at 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 Dijks abrupt departure.