Old Mutual Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Iain Williamson

Chief executive officer

R18.3m

Total compensation

CEO salary percentage	53.7%
CEO tenure	5.5yrs
CEO ownership	n/a
Management average tenure	5.1yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Iain Williamson's remuneration changed compared to Old Mutual's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	R8b
Mar 31 2024	n/a	n/a	R8b
Dec 31 2023	R18m	R10m	R7b
Sep 30 2023	n/a	n/a	R6b
Jun 30 2023	n/a	n/a	R5b
Mar 31 2023	n/a	n/a	R5b
Dec 31 2022	R17m	R9m	R5b
Sep 30 2022	n/a	n/a	R7b
Jun 30 2022	n/a	n/a	R9b
Mar 31 2022	n/a	n/a	R8b
Dec 31 2021	R12m	R9m	R7b
Sep 30 2021	n/a	n/a	R5b
Jun 30 2021	n/a	n/a	R4b
Mar 31 2021	n/a	n/a	-R794m
Dec 31 2020	R10m	R8m	-R5b
Sep 30 2020	n/a	n/a	-R4b
Jun 30 2020	n/a	n/a	-R2b
Mar 31 2020	n/a	n/a	R4b
Dec 31 2019	R9m	R6m	R9b
Sep 30 2019	n/a	n/a	R7b
Jun 30 2019	n/a	n/a	R5b
Mar 31 2019	n/a	n/a	R2b
Dec 31 2018	R12m	R4m	-R1b
Sep 30 2018	n/a	n/a	-R2b
Jun 30 2018	n/a	n/a	-R3b
Mar 31 2018	n/a	n/a	-R3b
Dec 31 2017	R7m	R4m	-R3b

Compensation vs Market: Iain's total compensation ($USD1.01M) is below average for companies of similar size in the German market ($USD1.90M).

Compensation vs Earnings: Iain's compensation has been consistent with company performance over the past year.

CEO

Iain Williamson (54 yo)

5.5yrs

Tenure

R18,284,589

Compensation

Mr. Iain George Williamson serves as Non-Executive Director at Old Mutual Insure Ltd. since June 8, 2020. He serves as Chief Executive Officer at Old Mutual Life Assurance Company (South Africa) Ltd.since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Iain Williamson	CEO & Executive Director	5.5yrs	R18.28m	no data
Casparus Troskie	CFO & Executive Director	6.7yrs	R10.64m	no data
Zureida Ebrahim	Chief Operating Officer	3yrs	R9.14m	no data
Clement Chinaka	Managing Director of Old Mutual Africa Regions	no data	R9.84m	no data
Clarence Nethengwe	Managing Director of Mass & Foundation Cluster	no data	R10.05m	no data
Prabashini Moodley	Managing Director of Old Mutual Corporate	5.8yrs	R9.10m	no data
Kerrin Land	Managing Director of Personal Finance & Wealth Management	4.8yrs	R9.27m	no data
Bonga Mriga	Interim Head of Investor Relations	no data	no data	no data
Vuyo Mtawa	Head of Group Communications	no data	no data	no data
Celiwe Ross	Director of Strategy	1.8yrs	no data	no data
Charlene Clayton	Head of Media for Old Mutual South Africa	no data	no data	no data
Kevin Stacey	Head of Remuneration	no data	no data	no data

5.1yrs

Average Tenure

54yo

Average Age

Experienced Management: 2KS's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Iain Williamson	CEO & Executive Director	5.5yrs	R18.28m	no data
Casparus Troskie	CFO & Executive Director	6.7yrs	R10.64m	no data
Itumeleng Kgaboesele	Independent Non-Executive Director	6.7yrs	R1.93m	no data
Thoko Mokgosi-Mwantembe	Non Executive Director	6.7yrs	R1.13m	no data
Olufunke Ighodaro	Independent Non-Executive Director	3.9yrs	R2.21m	no data
Sizeka Magwentshu-Rensburg	Lead Independent Director	6.7yrs	R1.92m	no data
Brian Armstrong	Independent Non-Executive Director	4.4yrs	R1.23m	no data
Trevor Manuel	Independent Chairperson of the Board	8.8yrs	R5.41m	no data
Stewart van Graan	Independent Non-Executive Director	6.7yrs	R1.54m	no data
John Lister	Independent Non-Executive Director	6.7yrs	R5.69m	no data
James Mwangi	Independent Non-Executive Director	6.7yrs	R2.04m	no data
Jaco Langner	Independent Non-Executive Director	3.5yrs	R1.57m	no data

6.7yrs

Average Tenure

62yo

Average Age

Experienced Board: 2KS's board of directors are considered experienced (6.7 years average tenure).

Old Mutual Management

Management criteria checks 4/4

Key information

Recent management updates

Old Mutual Limited, Annual General Meeting, May 31, 2024

Albert Essien Not Available for Reelection from Board of Old Mutual Limited

Old Mutual Limited Announces Directorate Change

Old Mutual Limited Announces Retirement of Marshall Rapiya as Non-Executive Director, Effective 31 July 2022

Old Mutual Limited Announces Nosipho Molope Will Step Down from its Board

Old Mutual Limited, Annual General Meeting, May 27, 2022

Recent updates

Old Mutual Limited (JSE:OMU) announces an Equity Buyback for 81,000,000 shares, for ZAR 1,000 million.

First half dividend of R0.34 announced

First half 2024 earnings released: EPS: R1.20 (vs R0.97 in 1H 2023)

New major risk - Revenue and earnings growth

Old Mutual Limited Declares Interim Dividend for the Half Year Ended 30 June 2024, Payable on 21 October 2024 and 15 November 2024

Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024

Old Mutual Limited to Report First Half, 2024 Results on Sep 26, 2024

An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU).

Old Mutual Limited, Annual General Meeting, May 31, 2024

Upcoming dividend of R0.49 per share

Albert Essien Not Available for Reelection from Board of Old Mutual Limited

Final dividend of R0.49 announced

New major risk - Earnings quality

Full year 2023 earnings released: EPS: R1.58 (vs R1.66 in FY 2022)

Old Mutual Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 22 April 2024

Old Mutual Limited Provides Earnings Guidance for the Year Ended 31 December 2023

Old Mutual Limited Announces Directorate Change

New minor risk - Share price stability

Old Mutual Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

Old Mutual Limited Declares an Interim Dividend, Payable on 23 October 2023

Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023

Old Mutual Limited to Report First Half, 2023 Results on Sep 27, 2023

Now 20% undervalued

Now 26% undervalued after recent price drop

Now 24% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of R0.51 per share at 6.4% yield

Full year 2022 earnings released: EPS: R1.66 (vs R1.51 in FY 2021)

Old Mutual Limited to Report Fiscal Year 2022 Results on Mar 14, 2023

Now 22% undervalued

Providence Life Assurance Company (Bermuda) Ltd acquired Old Mutual International from Old Mutual Limited (JSE:OMU) for $4.4 million.

Upcoming dividend of R0.25 per share

First half 2022 earnings released: EPS: R1.18 (vs R0.68 in 1H 2021)

Old Mutual Limited Declares an Interim Dividend, Payable on 17 October 2022

Old Mutual Limited Provides Earnings Guidance for the Period Ended 30 June 2022

Old Mutual Limited Announces Retirement of Marshall Rapiya as Non-Executive Director, Effective 31 July 2022

Old Mutual Limited Announces Nosipho Molope Will Step Down from its Board

Old Mutual Limited, Annual General Meeting, May 27, 2022

Upcoming dividend of R0.51 per share

Old Mutual Limited to Report First Half, 2022 Results on Aug 29, 2022

Full year 2021 earnings released: EPS: R1.51 (vs R1.16 loss in FY 2020)

Old Mutual Limited to Report Fiscal Year 2021 Results on Mar 15, 2022

Brait PLC Reportedly Revives Plans to Exit Consol Glass

Upcoming dividend of R0.25 per share

First half 2021 earnings released: EPS R0.68 (vs R1.29 loss in 1H 2020)

Lead Independent Director has left the company

Independent Non-Executive Director has left the company

Upcoming dividend of R0.35 per share

Full year 2020 earnings released: R1.16 loss per share (vs R2.06 profit in FY 2019)

Old Mutual Limited, Annual General Meeting, May 21, 2021

Old Mutual Limited (JSE:OMU) acquired an additional unknown stake in Absa Group Limited (JSE:ABG).

Old Mutual Limited(LSE:OML) dropped from S&P EUROPE 350 - Insurance (Industry Group)

New 90-day high: €0.69

Old Mutual Limited Appoints Olufunke (Funke) Ighodaro as Independent Non-Executive Director

Old Mutual Limited (JSE:OMU) acquired unknown minority stake in Reunert Limited (JSE:RLO).

New 90-day high: €0.65

Old Mutual Limited Appoints Olufunke (Funke) Ighodaro as an Independent Non-Executive Director

The management of Northern Capital Management completed the acquisition of a 80% stake in Northern Capital Management from Old Mutual plc.

New 90-day low: €0.45

Clients of OLD MUTUAL INVESTMENT GROUP HOLDINGS (PTY) LIMITED acquired an additional unknown minority stake in Old Mutual Limited (JSE:OMU).

Old Mutual Limited (JSE:OMU) acquired an unknown stake in Raubex Group Limited (JSE:RBX).

Old Mutual Limited Appoints Iain Williamson as Its Chief Executive Officer

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age