Ervin Tu, Chief Investment Officer of the Prosus, to retire | Company Business News

(Bloomberg) -The President and Investment Officer of Prosus NV, Ervin Tu, will decrease from his role after a nearly four-year term during which the South African-Dutch investment business has restructured itself and appointed a new CEO. Tu, who joined in August 2021, will remain as an adviser, the company said in a statement on Tuesday. He served as acting CEO last year before the appointment of Fabricio Bloisi. “I achieved what I wanted to achieve, and the group is in very good hands,” Tu, 49, said in the statement. Tu adopted the interim executive role after Bob van Dijk retired in 2023, and was part of the team that tried to simplify the group’s complex ownership structure and regain the growth in its core business. The Amsterdam-based technology investor is in the majority of Cape Town-based Naspers Ltd., which in 2019 blocked off prosus and maintained the same management team in both groups. Naspers was an early investor in Chinese internet giant Tencent Holdings Ltd., and as the Tencent that has held value over the years, the investment distorted the share price of Naspers. The split, which prose prose control over the Tencent stake and the group’s other technology investments, was an attempt to address it. Bloisi was appointed CEO for both companies in 2024, and he joined a prosus portfolio company – the Brazilian delivery company IFOOD. He will earn a $ 100 million bonus if he can double the market value of prosus by the end of June 2028 and maintain it another year. Under Bloisi, the company expands through transactions, including the acquisition of € 4.1 billion ($ 4.7 billion) from Just Eat Takeaway.com NV and a $ 1.7 billion agreement for the online travel agency Despegar.com Corp. Prosus’s shares have gained 36% since July 1 -with help from Rene Vollgraaff. (Updates with additional details throughout) More stories like these are available on Bloomberg.com © 2025 Bloomberg LP