Naspers has today announced new positions in MultiChoice ahead of listing it. These constitute the executive leadership team for the newly formed MultiChoice Group. The Group is what was formerly known as Naspers’ Video Entertainment business.
Calvo Mawela has been appointed Group Chief Executive Officer. While Imtiaz Patel has been appointed Executive Chairman of the MultiChoice Group.
Both Calvo and Imtiaz have been with the Group since 2006 and 1999 respectively. The former has served as an executive within the MultiChoice Group since 2007.
Imtiaz, on the other hand, has served as an executive within the Naspers Group since 1999. This includes, as CEO of SuperSport, Group CEO of MultiChoice South Africa and most recently, CEO of Video Entertainment of Naspers.
Further appointments include Tim Jacobs as Chief Financial Officer and Brand de Villiers as Group Chief Operating Officer. But, all these appointments will be effective 1 November, 2018.
In September 2018, Naspers announced its plans of unbundling its Video Entertainment arm and taking it public on the Johannesburg Stock Exchange.
"Multichoice Group is expected to be listed on the JSE in the first half of 2019 and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto," wrote Naspers. Since then, this is the latest major action in that direction.