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Eben Greyling, CEO of multinational media company Naspers’ pay-TV division, has stepped down after over 18 years with the group.

The listed company said Greyling had “decided to take a break and pursue new interests”.

Greyling was instrumental in building the group’s successful pay-TV businesses across Africa, said. “Under his leadership over the last five years, the subscriber base and turnover of the pay-TV businesses more than doubled.”

Jim Volkwyn, previous head of the group’s pay-TV segment, takes over the reins as of today.

Greyling joined the MIH Group in 1996 as group financial manager of .

Greyling is a chartered accountant and completed his articles at PricewaterhouseCoopers. He held various positions in the audit and corporate finance division of Pricewaterhouse Coopers until 1995.