Bob van Dijk Steps Down as CEO of Prosus After Ten Years

Bob van Dijk Steps Down as CEO of Prosus After Ten Years

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After a decade at the helm, Bob van Dijk has announced his departure as CEO of Prosus, a Dutch tech investor. Van Dijk, who is the highest-paid CEO in the Netherlands, has also stepped down from his role at Prosus’ South African parent company, Naspers.

Prosus is considered an easy way for European investors to partially invest in the Chinese tech giant Tencent, the company behind the popular super-app WeChat. Prosus holds a significant stake in Tencent, making it an attractive option for those looking to gain exposure to the Chinese market.

This change in leadership comes after the recent simplification of the cross structure between Prosus and Naspers. Van Dijk’s departure marks a new era for the company, as investment director Ervin Tu, formerly of Softbank, has been appointed as the interim CEO.

Although van Dijk is leaving his role as CEO, he will continue to serve as a consultant for Prosus for over a year, overseeing the transition. As a result, there is no immediate successor set in place.

The news of van Dijk’s departure comes shortly after he was named the highest-paid top executive in the Netherlands De Volkskrant. With an annual compensation of 57.5 million euros in 2022, van Dijk’s hefty salary was largely due to awarded shares, along with a base salary and a bonus.

In response to the announcement, Prosus’ stock has experienced a decline of nearly 3 percent in a somewhat sluggish market.

In conclusion, Bob van Dijk’s departure as CEO of Prosus marks the end of a decade-long tenure. As an influential figure in the tech investment sector, his exit will undoubtedly have an impact on the future direction of the company.

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