Prosus President and Chief Investment Officer Tu to Resign

Prosus NV’s President and Chief Investment Officer Ervin Tu will step down from his role after a nearly four-year tenure during which the South African-Dutch tech investment company restructured itself and appointed a new chief executive officer.

Tu, who joined in August 2021 from Softbank, will stay on as an adviser, the company said in a statement on Tuesday. He had served as acting CEO before the appointment of Fabricio Bloisi last year.