Prosus undertakes internal reorganisation, appoints separate leaders for edtech and food delivery

economictimes.indiatimes.com:

Prosus, the Dutch-listed arm of South African technology investor Naspers, has undertaken an internal revamp, separating its edtech and food-delivery segments into two discrete segments, with dedicated leadership. The move was communicated internally to teams last week. The change will come into effect starting September 1.

As part of the reshuffle, Larry Illg, who was acting as the chief executive of the combined segment (food delivery and edtech), will be stepping down, with two leaders announced for these segments. “As of September 1, we will separate food delivery and edtech into two discrete segments, each with their own dedicated leadership team. These segments began as early-stage investments that have been diligently grown into world-class portfolios,” Prosus said in an internal memo.

Roger Rabalais, who was earlier the chief financial officer for the food delivery and edtech segments, will be taking over as the chief executive officer (CEO) of the food segment.Gautam Thakar, the chief executive of OLX Autos, has been appointed as the CEO of Prosus’ global edtech vertical. Both leaders will report directly to Bob van Dijk, CEO, Prosus. “As a member of the global executive team and based out of Mumbai, Gautam will also take on a broader leadership role for Prosus in India.

Gautam and his team will work alongside both Prosus’s India and global leadership team to play an active role in supporting Prosus’s growth and existing investee companies in India,” said the internal memo. With the transition, Rabalais and Thakar are expected to be appointed as Prosus’s representatives on the boards of its investee companies across the edtech and food delivery segments, such as Swiggy etc. The change will though happen