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Prosus interim CEO Tu says not satisfied with investment returns

Reuters
FILE PHOTO: Illustration shows smartphone with Prosus' logo displayed

AMSTERDAM (Reuters) - The newly appointed interim CEO of Dutch investment company Prosus and its South African parent Naspers, Ervin Tu, on Tuesday said he was not "satisfied" with the company's investment portfolio as it is.

The portfolios "still need a lot of work," he said in an interview with Reuters. "Our overall returns are not satisfactory to us, they're not satisfactory to our shareholders."

Tu was named as interim CEO on Monday alongside the departure of longtime Prosus CEO Bob van Dijk.

(Reporting by Toby Sterling, Editing by Louise Heavens)