Tuesday, April 1, 2014

BREAKING. Naspers pay-TV CEO Eben Greyling leaving with immediate effect; replaced by Jim Volkwyn.

Naspers' pay-TV CEO Eben Greyling (left) has left and is being replaced with immediate effect by Jim Volkwyn.

No reasons for Eben Greyling's departure has been announced, other than Naspers saying he's leaving to "pursue new interests".

Eben Greyling was appointed to head op Naspers' pay-TV operations in 2009 as has been with Naspers for 18 years in various roles. He became group financial manager of MultiChoice Africa in 1996.

Jim Volkwyn, the previous head of the group's pay-TV segment before taking early retirement, is back and takes over today (1 April) with immediate effect.

In a Naspers statement, Naspers CEO Koos Bekker who is also stepping down, says Naspers wishes Eben Greyling "all the best as he takes a break to prepare for the next phase of his career".

According to the statement, under Eben Greyling's tenure at Naspers as pay-TV CEO "the last five years the subscriber base and turnover of the pay-TV businesses more than doubled".