03 Jun 2025
Prosus announces Ervin Tu to step down as President and CIO
Prosus has today announced that Ervin Tu, Group President and Chief Investment Officer, will step down from his current role. Ervin will maintain a relationship with the Group as an advisor.
Since he joined in August 2021. Ervin has led important Group initiatives such as simplifying the Group’s structure, improving Group-wide financial performance, implementing the ongoing share repurchase programme, and enhancing the operations of the investment team. Upon the appointment of Fabricio Bloisi as CEO in July 2024, Ervin has been instrumental in supporting a successful leadership transition.
Fabricio Bloisi said, “Ervin has made significant contributions to our people, strategy and capital allocation – as CIO, as interim CEO and as President. I am very grateful to him for his counsel and support, and I am pleased that Ervin will remain a good friend of the Prosus and Naspers team and continue to advise the company.”
Ervin Tu said, “Under Fabricio’s leadership, the Group has charted an exciting new course as a connected, innovative tech company as opposed to an investment holding company. I have enjoyed my time with the Group immensely, I’ve accomplished what I wanted to achieve, and the Group is in very good hands. I wish Fabricio and the team the very best for the future.”
Prosus’ vision and strategy has changed significantly over the past 10 months. The Group is transforming into an operating technology company, focused on lifestyle ecommerce, within its key markets of Latin America, India and Europe.
For more information, please contact:
| Eoin Ryan Head of Investor Relations |
Tel: +1 347 210 4305 |
Email: [email protected] |
|
Charlie Pemberton |
Tel: +31 6 15 49 43 59 |
Email: [email protected] |
About Prosus
Prosus is a global technology company, unlocking an AI-first world for our 2 billion customers. With investments in more than 100 companies across the world, we are building local ecommerce champions in growth markets.
With leading positions in Food Delivery, Classifieds and Fintech, Prosus has created its own unique technology ecosystem, driving innovation, knowledge sharing and growth across our portfolio.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more.
The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.
To find out more, please visit www.prosus.com.