Prosus NV announces board changes with new executive director

AMSTERDAM - Prosus (OTC:PROSF) NV (AEX:PRX), a global technology company, has announced upcoming changes to its board of directors, including the nomination of Mrs. Phuthi Mahanyele-Dabengwa for appointment as an executive director. Mrs. Mahanyele-Dabengwa, currently the South Africa CEO of Naspers, is set to join the board following the next annual general meeting.

Mrs. Mahanyele-Dabengwa, who has a Bachelor of Arts in Economics and a Masters of Business Administration, boasts a robust background in business leadership. In addition to her role at Naspers, she serves as an independent non-executive director of Vodacom and is involved with the United Nation’s Global Compact Network SA board and the SA BRICS Business Council.

Her anticipated appointment as an executive director of Naspers Limited is expected to take effect from April 1, 2025. She will be classified under the King Report IV on Corporate Governance for South Africa, 2016 for Naspers, and under the Dutch Corporate Governance Code for Prosus.

In a concurrent announcement, Mr. Nolo Letele will retire as a non-executive director of the board and the sustainability committee effective March 31, 2025. The board has expressed deep gratitude for Mr. Letele’s significant contributions to the Naspers Group over the years.

Prosus, known for unlocking an AI-first world for its 2 billion customers, has investments in over 100 companies globally. The firm has notable positions in sectors such as Food Delivery, Classifieds, and Fintech, and continues to invest in technology growth opportunities through Prosus Ventures.

This announcement is based on a press release statement from Prosus NV.

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