Naspers pay-TV chief departs

Johannesburg - Naspers’ pay-TV Chief Executive Officer, Eben Greyling, will “take a break and pursue new interests,” Africa’s largest media company said in a statement late yesterday.

“Under his leadership over the last five years the subscriber base and turnover of the pay-TV businesses more than doubled,” Koos Bekker, who steps down as Naspers chief executive today, said in the statement.

Koos Bekker. Picture: Leon Lestrade. Credit: Independent Newspapers

Greyling, who joined Naspers in 1996, will be replaced by Jim Volkwyn, who was the previous leader of the Cape Town-based company’s pay-TV division before taking early retirement.

Greyling will be available “on an ad-hoc basis to provide assistance if required,” according to the statement.

Greyling’s decision is the latest management change at Naspers, the world’s largest emerging-markets media company.

In February, billionaire Bekker said he would step down as chief executive to spend a year travelling and seeking future growth opportunities.

Bob Van Dijk, formerly head of e-commerce, succeeds Bekker as chief executive today.

In the six months to September 30, subscribers to the group’s pay-TV service in Africa increased by 560,000 to 7.3 million across 48 countries, the company said in November. - Bloomberg News