Basil Sgourdos, presently CFO of Naspers' corporate venturing subsidiary MIH Holdings, will succeed Steve Pacak as CFO of Naspers in July 2014.

Steve Pacak, chief financial officer (CFO) of Naspers, a South Africa-based media and e-commerce company, will retire as CFO on 30 June 2014. He will be succeeded by Basil (Vasili) Sgourdos, presently chief financial officer (CFO) of MIH Holdings, a subsidiary of Naspers which has been heavily involved in corporate venturing, including a 16.7% stake in India-based e-commerce company Flipkart which MIH recently valued at $1.59bn.

The news follows the decision by Naspers, in October 2013, to reconfigure its board…