Manisha Girotra, CEO of Moelis India, will be appointed as an independent non-executive director of Naspers after the listing of Naspers’ subsidiary, NewCo on the Euronext Amsterdam.
NewCo will have a secondary listing on the JSE.
The listing is expected to be implemented no earlier than the second half of 2019.
NewCo, a new global consumer internet group, will comprise all Naspers’ internet
interests outside of South Africa.
Girotra will also serve on the board of NewCo, post its listing, and as a member of the Naspers and NewCo audit committees.
“I am delighted to join the Board of Naspers, a company I respect not just for their business acumen but also for their contribution to the broader society globally,” said Girotra.
Girotra has more than 25 years of investment banking experience, with extensive cross-border M&A expertise across a broad range of industries.
Prior to joining Moelis & Company, Manisha was CEO and Country Head of UBS in India managing its investment bank, commercial bank, markets, equity research and wealth management divisions.
Previously, she was Head: North India of Barclays Bank. She began her investment banking career at ANZ Grindlays in London.
CEO of Naspers, Bob van Dijk said, “We’re delighted to appoint Manisha as an independent non-executive director to the board of Naspers and to the board of Naspers’ subsidiary Newco, following its listing on Euronext Amsterdam. Her extensive experience in investment banking across a broad range of industries and geographies, notably in India – a key market for us, will add significant value to the group as we implement our company strategy.”