Airtel Africa Management

Management criteria checks 3/4

Airtel Africa's CEO is Segun Ogunsanya, appointed in Oct 2021, has a tenure of 2.5 years. total yearly compensation is $2.43M, comprised of 39.1% salary and 60.9% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €5.55M. The average tenure of the management team and the board of directors is 4.9 years and 5 years respectively.

Key information

Segun Ogunsanya

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage	39.1%
CEO tenure	2.5yrs
CEO ownership	0.1%
Management average tenure	4.9yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Segun Ogunsanya's remuneration changed compared to Airtel Africa's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$134m
Sep 30 2023	n/a	n/a	US$312m
Jun 30 2023	n/a	n/a	US$330m
Mar 31 2023	US$2m	US$952k	US$663m
Dec 31 2022	n/a	n/a	US$659m
Sep 30 2022	n/a	n/a	US$642m
Jun 30 2022	n/a	n/a	US$669m
Mar 31 2022	US$2m	US$458k	US$631m

Compensation vs Market: Segun's total compensation ($USD2.43M) is about average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Segun's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Segun Ogunsanya (57 yo)

2.5yrs

Tenure

US$2,433,000

Compensation

Mr. Olusegun Ogunsanya, also known as Segun, serves as the Chief Executive Officer, Managing Director & Director at Airtel Africa Plc since October 1, 2021. He serves as the Chief Executive Officer and Man...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Olusegun Ogunsanya	MD, CEO & Director	2.5yrs	US$2.43m	0.12% $ 5.6m
Jaideep Paul	CFO & Director	9.9yrs	US$2.24m	0.016% $ 751.8k
Razvan Ungureanu	Chief Technology Officer	8.3yrs	no data	no data
Jacques Barkhuizen	Chief Information Officer	less than a year	no data	no data
Pier Falcione	Deputy CFO	no data	no data	no data
Peter Odedina	Chief Compliance Officer	no data	no data	no data
Rogany Ramiah	Chief Human Resources Officer	4.9yrs	no data	no data
Daddy Mukadi	Chief Regulatory Officer	9.3yrs	no data	no data
Stephen Nthenge	Chief of Internal Audit	4.9yrs	no data	no data
Ramakrishna Lella	Chief Supply Chain Officer	7.6yrs	no data	no data
Anthony Shiner	Chief Commercial Officer	1.8yrs	no data	no data
Ian Ferrao	Chief Executive Officer of Airtel Money	2.3yrs	no data	no data

4.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 9AA's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Olusegun Ogunsanya	MD, CEO & Director	2.5yrs	US$2.43m	0.12% $ 5.6m
Jaideep Paul	CFO & Director	2.8yrs	US$2.24m	0.016% $ 751.8k
Sunil Mittal	Non-Executive Chair	5.8yrs	US$370.10k	no data
Akhil Gupta	Non-Executive Director	5.5yrs	US$86.36k	no data
Andrew Green	Senior Independent Non-Executive Director	5yrs	US$111.03k	no data
Tsega Gebreyes	Independent Non-Executive Director	2.5yrs	US$101.16k	no data
Ravi Rajagopal	Independent Non-Executive Director	5yrs	US$111.03k	0.0033% $ 156.7k
Awuneba Ajumogobia	Independent Non-Executive Director	5yrs	US$104.86k	no data
Shravin Mittal	Non-Executive Director	5.5yrs	US$86.36k	no data
Liisa Poutiainen	Independent Non-Executive Director	5yrs	US$98.69k	0.00080% $ 38.5k
John Danilovich	Independent Non-Executive Director	5yrs	US$98.69k	0.015% $ 703.2k

5.0yrs

Average Tenure

64yo

Average Age

Experienced Board: 9AA's board of directors are considered experienced (5 years average tenure).

Airtel Africa Management

Management criteria checks 3/4

Key information

Recent management updates

John Danilovich Announces Intention to Retire as an Independent Non-Executive Director of Airtel Africa plc

Airtel Africa plc Announces CEO Changes

Airtel Africa plc Announces Board and Committee Changes

Independent Non-Executive Director recently bought €116k worth of stock

Independent Non-Executive Director recently bought €59k worth of stock

Recent updates

Airtel Africa Plc to Report Fiscal Year 2024 Results on May 09, 2024

Airtel Africa Plc (LSE:AAF) announces an Equity Buyback for $100 million worth of its shares.

John Danilovich Announces Intention to Retire as an Independent Non-Executive Director of Airtel Africa plc

Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.046 profit in 3Q 2023)

Airtel Africa Plc to Report Nine Months, 2024 Results on Feb 01, 2024

Airtel Africa plc Announces CEO Changes

Airtel Africa plc Announces Board and Committee Changes

Upcoming dividend of US$0.024 per share at 3.8% yield

Second quarter 2024 earnings released: EPS: US$0.032 (vs US$0.035 in 2Q 2023)

Airtel Africa plc Declares Interim Dividend for the Period Ended 30 September 2023, Payable on 15 December 2023

New minor risk - Financial position

First quarter 2024 earnings released: US$0.045 loss per share (vs US$0.043 profit in 1Q 2023)

Airtel Africa Plc Proposes Final Dividend, Payable on 26 July 2023

Upcoming dividend of US$0.033 per share at 3.2% yield

Full year 2023 earnings released: EPS: US$0.18 (vs US$0.17 in FY 2022)

Third quarter 2023 earnings released: EPS: US$0.046 (vs US$0.041 in 3Q 2022)

Airtel Africa Plc to Report Q1, 2024 Results on Jul 27, 2023

Independent Non-Executive Director recently bought €116k worth of stock

Airtel Africa Confirms an Interim Dividend Will Be Paid on or Around 9 December 2022

Second quarter 2023 earnings released: EPS: US$0.035 (vs US$0.043 in 2Q 2022)

First quarter 2023 earnings released: EPS: US$0.043 (vs US$0.033 in 1Q 2022)

Investor sentiment improved over the past week

Airtel Africa Plc Approves Final Dividend for the Year Ended 31 March 2022

Airtel Africa plc Proposes Final Dividend, Payable on July 22, 2022

Upcoming dividend of US$0.03 per share

Airtel Africa Plc (LSE:AAF) acquired Spectrum of 58 MHz in Democratic Republic of Congo.

Airtel Africa Plc to Report First Half, 2023 Results on Oct 31, 2022

Full year 2022 earnings released: EPS: US$0.17 (vs US$0.09 in FY 2021)

Airtel Africa plc Recommends Final Dividend

Airtel Africa Plc to Report Fiscal Year 2022 Results on May 11, 2022

Independent Non-Executive Director recently bought €59k worth of stock

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Airtel Africa Plc(LSE:AAF) dropped from FTSE 250 (Ex Investment Companies) Index (GBP)

Paradigm Infrastructure Limited and SBA Communications Corporation (NasdaqGS:SBAC) acquired Telecommunications Tower Assets Of Airtel Africa In Tanzania from Airtel Africa Plc (LSE:AAF) for approximately $180 million.

Investor sentiment improved over the past week

Upcoming dividend of US$0.02 per share

Second quarter 2022 earnings released: EPS US$0.043 (vs US$0.019 in 2Q 2021)

First quarter 2022 earnings released: EPS US$0.033 (vs US$0.011 in 1Q 2021)

Upcoming dividend of US$0.025 per share

Full year 2021 earnings released

Airtel Africa plc Recommends Final Dividend, Payable on 23 July 2021

TPG The Rise Fund, a fund managed by TPG Growth agreed to acquire an unknown minority stake in Airtel Mobile Commerce B.V. from Airtel Africa Plc (LSE:AAF) for $200 million.

Airtel Africa Set to Sell Stake in Mobile Money Service

Third quarter 2021 earnings released: EPS US$0.025 (vs US$0.02 in 3Q 2020)

Revenue beats expectations

Airtel Africa Plc to Report Nine Months, 2021 Results on Jan 29, 2021

Market bids up stock over the past week

New 90-day high: €0.98

New 90-day high: €0.73

First half earnings released

Second-quarter earnings released: Revenue beats expectations

New 90-day high: €0.72

Airtel Africa Plc to Report Q1, 2021 Results on Jul 24, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age