Latest news with #ErvinTu
IOL News
3 days ago
- Business
- IOL News
Prosus's chief investment officer to step down
Dutch technology investor Prosus said on Tuesday that Ervin Tu, the group's President and Chief Investment Officer will step down from his role.. Dutch technology investor Prosus said on Tuesday that Ervin Tu, the group's President and Chief Investment Officer will step down from his role. Tu will remain in his role as an advisor to the group, the company's statement added. Prosus' vision and strategy has changed significantly over the past 10 months under CEO Fabricio Bloisi, transforming the company from an investment holding group into an operating technology company, focused on lifestyle e-commerce, within its key markets of Latin America, India and Europe. As a result, Tu feels that now is the right time to move on, said the company, controlled by South Africa's Naspers . "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," Tu said. Since he joined in August 2021, Tu 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, Prosus 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," Bloisi added. REUTERS
Economic Times
3 days ago
- Business
- Economic Times
Prosus chief investment officer Ervin Tu to step down
Dutch technology investor Prosus said on Tuesday that Ervin Tu, the group's President and Chief Investment Officer will step down from his role. Tu will remain in his role as an advisor to the group, the company's statement added. Prosus' vision and strategy has changed significantly over the past 10 months under CEO Fabricio Bloisi, transforming the company from an investment holding group into an operating technology company, focused on lifestyle ecommerce, within its key markets of Latin America, India and Europe. As a result, Tu feels that now is the right time to move on, said the company, controlled by South Africa's Naspers . "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," Tu said. Since he joined in August 2021, Tu 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, Prosus 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," Bloisi added.
Reuters
3 days ago
- Business
- Reuters
Prosus' chief investment officer Ervin Tu to step down
June 3 (Reuters) - Dutch technology investor Prosus ( opens new tab said on Tuesday that Ervin Tu, the group's President and Chief Investment Officer will step down from his role. Tu will remain in his role as an advisor to the group, the statement added.
Bloomberg
3 days ago
- Business
- Bloomberg
Prosus Chief Investment Officer Ervin Tu to Step Down
Prosus NV Group President and Chief Investment Officer Ervin Tu will step down from his current role, according to a statement on the company's website. Tu, who joined in August 2021, will maintain a relationship with the group as an adviser. He served as acting chief executive officer before the appointment of Fabricio Bloisi in the role last year.
