Over the past 4.5 years Farinha has made a significant contribution to the 24.com business in the various positions he has held, most notably in his role as CEO. During this period he oversaw the successful re-structuring and alignment of the company. This opened many opportunities in the local online market and helped build a core management team. He leaves 24.com in a strong position to take advantage of the continuing growth in the online sector.
Farinha has been entrenched in the online and publishing industry for the past ten years. This move will see him shift focus from online advertising based businesses, to online transactions in the property industry. Says Farinha: "This decision was an extremely difficult one to make. I am grateful for the support that both Naspers and Media24 have offered me and I look forward to the new challenges that lie ahead. Since I will still be a part of the Group once I leave my current position, my relationship with 24.com will continue and I look forward to watching it become an even greater success."
An element of Farinha's four-month hand-over process will be the identification and appointment of a suitable replacement.
About 24.com
Centred on News24.com, 24.com is a network of popular digital publishing brands and online services that welcomes 30 percent of South Africa's Internet population.
Dedicated to creating and sustaining uniquely South African online and mobile communities, 24.com includes various services for user-generated content, such as MyNews24 and Letterdash, as well as networking tools including Blueworld and Answerit. A full member of the Online Publishers Association, 24.com includes The SpaceStation, a single point of contact offering advertisers and media planners creative and innovative advertising solutions to engage with online and mobile South Africans across multiple digital destinations.
For more information, visit 24.com or m.24.com on your mobile phone.
