Fabricio Bloisi will replace Bob van Dijk as group CEO of Naspers and its European-listed spinoff, Prosus, the two companies said on Friday.

Bloisi is CEO of iFood, Brazil’s leading food delivery company, which he acquired in 2013 when it was a 20-person start-up.

“Fabricio is a proven entrepreneur and innovator with deep roots in operating, building and scaling world-class technology companies within growth markets,” Naspers said in a statement to shareholders about his appointment.

Ervin Tu, who has been acting as interim CEO for the past eight months following the departure of Van Dijk, has been appointed to the new role of group president and chief investment officer of Naspers and Prosus.

In a statement, Prosus and Naspers chairman Koos Bekker said: “Backing exceptional entrepreneurs who improve people’s everyday lives through technology has brought us some success over the years. Fabricio is an entrepreneur with a proven track record. His appointment as CEO places innovation and entrepreneurship at the heart of the group.

“Fabricio has established iFood as one of the most innovative food delivery companies in the world… He has a combination of vision, deep operational experience and strong discipline. It is this skillset which the board believes make him the right person to now lead us,” Bekker said.