The current CFO, Byron Du Plessis, will replace Marc Jury, the current CEO of MultiChoice South Africa and Showmax, effective December 1, 2024.
This appointment comes at a time when the Multichoice Group is engaged in a lengthy process following the mandatory offer to buy all shares by the CANAL+ Group.
In addition, the Multichoice Group is facing difficulties both in South Africa, which saw its subscriber base decline by more than 5% in 2024, and in the rest of Africa.
The new CEO, Byron du Plessis, has been with the Multichoice Group for over 13 years. In 2020, he oversaw the financial and operational separation of Naspers, of which MultiChoice had been a part for 30 years, and is involved in the ongoing acquisition by CANAL+.
Byron du Plessis will continue to support MultiChoice Group CFO Tim Jacobs on key strategic projects at group level, although his primary focus will be on activities in South Africa.
Marc Jury will remain with the Group until March 2025 to ensure a smooth transition.