FirstRand Namibia Management
Management criteria checks 3/4
FirstRand Namibia's CEO is Conrad Dempsey, appointed in Oct 2020, has a tenure of 3.5 years. total yearly compensation is NAD6.10M, comprised of 35.3% salary and 64.7% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth ZAR2.27M. The average tenure of the management team and the board of directors is 9.1 years and 1.9 years respectively.
Key information
Conrad Dempsey
Chief executive officer
N$6.1m
Total compensation
| CEO salary percentage | 35.3% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 9.1yrs |
| Board average tenure | 1.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | N$2b |
| Sep 30 2023 | n/a | n/a | N$2b |
| Jun 30 2023 | N$6m | N$2m | N$2b |
| Mar 31 2023 | n/a | n/a | N$2b |
| Dec 31 2022 | n/a | n/a | N$1b |
| Sep 30 2022 | n/a | n/a | N$1b |
| Jun 30 2022 | N$6m | N$2m | N$1b |
| Mar 31 2022 | n/a | n/a | N$1b |
| Dec 31 2021 | n/a | n/a | N$1b |
| Sep 30 2021 | n/a | n/a | N$1b |
| Jun 30 2021 | N$2m | N$1m | N$1b |
Compensation vs Market: Conrad's total compensation ($USD317.69K) is below average for companies of similar size in the NA market ($USD997.70K).
Compensation vs Earnings: Conrad's compensation has been consistent with company performance over the past year.
CEO
Conrad Dempsey (47 yo)
3.5yrs
Tenure
N$6,099,000
Compensation
Mr. Conrad Dempsey serves as Chief Executive Officer and Director at FirstRand Namibia Ltd. since October 1, 2020. He serves as Chief Executive Officer and Director at First National Bank of Namibia Limite...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | N$6.10m | 0.017% NAD 2.3m | |
| CFO & Executive Director | less than a year | no data | no data | |
| Chief Operating Officer | 10.4yrs | no data | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Chief Human Resources Officer | 9.3yrs | no data | no data | |
| Group Chief Risk Officer & Ethics Officer | 12.4yrs | no data | no data | |
| Chief Credit Officer | no data | no data | no data | |
| Head of Internal Audit | 3.9yrs | no data | no data | |
| Co-Head Rmb Namibia & Group Treasurer | 13.5yrs | no data | no data | |
| Group Company Secretary | 8.9yrs | no data | no data | |
| Executive Officer of Premium | 8.8yrs | no data | no data | |
| Executive Officer of Wesbank | 21yrs | no data | no data |
9.1yrs
Average Tenure
49yo
Average Age
Experienced Management: FNB's management team is seasoned and experienced (9.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | N$6.10m | 0.017% NAD 2.3m | |
| CFO & Executive Director | less than a year | no data | no data | |
| Non-Executive Director | 5.3yrs | N$306.00k | no data | |
| Independent Chairman | 4yrs | N$685.00k | 0.040% NAD 5.2m | |
| Independent Non-Executive Director | 2.1yrs | N$850.00k | no data | |
| Non-Executive Director | 1.7yrs | no data | no data | |
| Independent Non-Executive Director | 2.5yrs | N$378.00k | no data | |
| Independent Non-Executive Director | 1.3yrs | N$192.00k | no data | |
| Independent Non-Executive Director | 1.2yrs | N$214.00k | no data | |
| Independent Non-Executive Deputy Chairman | 1.2yrs | N$148.00k | no data |
1.9yrs
Average Tenure
55yo
Average Age
Experienced Board: FNB's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.