Naspers Limited announced that after 29 years of exemplary leadership and service, Basil Sgourdos will retire from his position as Group Chief Financial Officer effective 30 November 2024. Basil has had a broad and varied career at Naspers having joined the Company in 1994, initially as the finance manager of the South African operations division in MultiChoice before taking on a number of other global leadership positions within the Group. He was appointed Group Chief Financial Director of Naspers in July 2014 and of Prosus since its listing in 2019.

The human resources and remuneration committees and nomination committees will begin the process to secure a suitably qualified successor to assume the role of Group Chief Financial Officer.