Welcome!

News Feed Item

Naspers Announces CEO and Chairman’s Successors

Naspers Limited (JSE: NPN)(LSE: NPSN) today announced that its CEO, Koos Bekker, will be succeeded by Bob van Dijk, currently Naspers’s most senior ecommerce chief.

Koos Bekker (Photo: Business Wire)

Koos Bekker (Photo: Business Wire)

Bob (41) holds an MSc Econometrics from Erasmus University Rotterdam (cum laude), plus an MBA from Insead in France (Dean’s List). Among other experience, he headed up eBay Germany, that group’s biggest market outside the US, and was COO of Schibsted’s Classifieds.

“In view of our strong development focus on ecommerce, the board believes that Bob has the skills to lead us into the next phase of our growth,” said Ton Vosloo, Naspers chair. Bob takes over on 1 April.

Koos (61) will stand down from the Naspers board for a year, to allow Bob the space to settle in with both Naspers top management and the board. Koos intends to travel widely and research where the group’s next spurt of growth may come from, once ecommerce has reached maturity. He will also stay on the Tencent board. In April 2015, Ton Vosloo intends to step down as chair, when Koos will succeed him.

Koos participated in four technology spurts with the group. In 1985, as a consequence of a paper Koos wrote at Columbia University, a young group in their early thirties launched M-Net, one of the first such pay-television services outside the US. At the time, Naspers was a 26% backer and Ton Vosloo the M-Net chair. Today this group operates pay TV across 48 countries in Africa and serves some 7 million households.

In 1991 the MultiChoice team under Koos, together with partners, launched the mobile phone operator MTN. Today MTN is the biggest mobile operator in Africa and one of the largest companies on the JSE.

In 1997 Koos replaced Ton Vosloo as CEO of Naspers itself and the group ventured into the internet. After stumbling a few times, this is now Naspers’s biggest business segment.

Around 2008 the group entered ecommerce. It is investing heavily in an ambitious effort to become a global player in classifieds and transactional ecommerce.

When M-Net was formed in 1985, Naspers was a public but unlisted company with an implied market capitalisation of R24 million. When Koos moved into Naspers as CEO in 1997, the then listed group had a market cap of R5,6 billion.

Today Naspers’s market capitalisation is R500 billion (US$45 billion). It is the largest media group outside the US and China, larger than any in Europe.

R1 invested in Naspers when M-Net was formed in 1985 would have turned into R5 700 today (excluding dividends). And R1 invested in October 1997, when Koos became Naspers CEO, would be worth R24 today (without dividends).

“We are also proud of the resonance our growth has in the South African economy, via the thousands of people we employ directly and the tens of thousands in the broader ecosystems of our businesses. We particularly enjoyed the new products and services our people invented,” said Ton Vosloo.

Koos expressed his gratitude to his Naspers colleagues and board members for the opportunity to work with them. “It’s been fun,” he said. “I couldn’t have wished for a more interesting life. Now I hope to travel to places like Seoul and San Francisco where the future is being manufactured, and see if there are new technologies we should be trying out. Plus experience a few oddball spots. When Ton steps down, I’ll rejoin the board, hopefully with fresh ideas.”

Bob looks forward to taking over on 1 April. He lives in the Netherlands with his wife Tina, a senior finance executive, and two young daughters. He is a keen sportsman and speaks five languages. “Naspers is a great company and I’m honoured to lead an excellent team,” said Bob.

More information on the group is available on the website www.naspers.com.

IMPORTANT INFORMATION

This media release contains forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. Words such as “believe”, “anticipate”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavour” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. While these forward-looking statements represent our judgements and future expectations, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These include numerous factors that could adversely affect our businesses and financial performance. We are not under any obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
Your clients expect transactions to never fail, cloud access to be fast and always on, and their data to be protected - no exceptions. Hear about how Secure Service Container (SSC), an IBM-exclusive open technology, enables secure building and hosting of next-generation applications, both cloud and on-premises. SSC protects the full stack from external and insider threats, allows automatic encryption of data in-flight and at-rest, and is tamper-resistant during installation and runtime – with no...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?