FirstRand Management

Management criteria checks 4/4

FirstRand's CEO is Mary Vilakazi, appointed in Jul 2018, has a tenure of 5.83 years. total yearly compensation is ZAR35.39M, comprised of 22.8% salary and 77.2% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth ZAR13.62M. The average tenure of the management team and the board of directors is 2.1 years and 4.7 years respectively.

Key information

Mary Vilakazi

Chief executive officer

R35.4m

Total compensation

CEO salary percentage	22.8%
CEO tenure	5.8yrs
CEO ownership	0.004%
Management average tenure	2.1yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mary Vilakazi's remuneration changed compared to FirstRand's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R38b
Sep 30 2023	n/a	n/a	R37b
Jun 30 2023	R35m	R8m	R36b
Mar 31 2023	n/a	n/a	R36b
Dec 31 2022	n/a	n/a	R35b
Sep 30 2022	n/a	n/a	R34b
Jun 30 2022	R33m	R8m	R33b
Mar 31 2022	n/a	n/a	R32b
Dec 31 2021	n/a	n/a	R31b
Sep 30 2021	n/a	n/a	R29b
Jun 30 2021	R27m	R7m	R27b
Mar 31 2021	n/a	n/a	R20b
Dec 31 2020	n/a	n/a	R14b
Sep 30 2020	n/a	n/a	R16b
Jun 30 2020	R24m	R7m	R17b
Mar 31 2020	n/a	n/a	R23b
Dec 31 2019	n/a	n/a	R28b
Sep 30 2019	n/a	n/a	R29b
Jun 30 2019	R25m	R6m	R30b

Compensation vs Market: Mary's total compensation ($USD1.96M) is below average for companies of similar size in the NA market ($USD2.92M).

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

CEO

Mary Vilakazi (45 yo)

5.8yrs

Tenure

R35,385,000

Compensation

Ms. Mary Vilakazi, BCom (Hons), HDip Auditing, CA(SA) serves as Non-Executive Director at Aldermore Group since April 2024. She serves as Non-Executive Director at Aldermore Bank PLC since April 2024. She...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mary Vilakazi	CEO & Executive Director	5.8yrs	R35.39m	0.0035% ZAR 13.6m
Jacques Celliers	Chief Executive Officer of nav.	10.6yrs	R44.58m	0.015% ZAR 59.4m
Hetash Kellan	Chief Executive Officer of FNB	less than a year	R38.65m	0.031% ZAR 120.7m
Stephen Cooper	Chief Executive Officer Aldermore	no data	R60.47m	0.00062% ZAR 2.4m
Emmarentia Brown	Chief Executive Officer of RMB	1.6yrs	R41.14m	0.012% ZAR 45.9m
Markos Davias	CFO & Executive Director	less than a year	no data	no data
Yatin Narsai	Chief Information Officer and Chief Executive Officer of FNB Smart Solutions	no data	no data	no data
Sam Moss	Head of Investor Relations	no data	no data	no data
Carnita Low	Head of Governance	10.3yrs	no data	no data
Tswelo Kodisang	Chief People Officer	2.6yrs	no data	no data
Andries Du Toit	Chief Value Officer	less than a year	no data	no data
Jacobus Grobler	Head of Group Enterprise Risk Management	no data	no data	no data

2.1yrs

Average Tenure

52yo

Average Age

Experienced Management: FST's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mary Vilakazi	CEO & Executive Director	5.8yrs	R35.39m	0.0035% ZAR 13.6m
Markos Davias	CFO & Executive Director	less than a year	no data	no data
Zelda Roscherr	Independent Non-Executive Director	4.1yrs	R3.20m	0.012% ZAR 45.8m
Louis Von Zeuner	Independent Non-Executive Director	5.3yrs	R3.41m	0.00014% ZAR 544.7k
Johan Burger	Independent Non-Executive Chairman	15.3yrs	R3.22m	no data
Grant Gelink	Independent Non-Executive Director	11.3yrs	R4.37m	0.0018% ZAR 7.1m
Thomas Winterboer	Independent Non Executive Director	6.1yrs	R3.06m	0.00027% ZAR 1.1m
Tamara Esau-Isaacs	Independent Non-Executive Director	less than a year	no data	0.000070% ZAR 272.3k
Sibusiso Sibisi	Lead Independent Non-Executive Director	3.1yrs	R2.71m	no data
Premilla Naidoo	Independent Non-Executive Director	2.1yrs	R1.16m	no data

4.7yrs

Average Tenure

61yo

Average Age

Experienced Board: FST's board of directors are considered experienced (4.7 years average tenure).

FirstRand Management

Management criteria checks 4/4

Key information

Recent management updates

Chief Executive Officer Aldermore recently bought R2.3m worth of stock

COO & Executive Director recently bought R8.5m worth of stock

FirstRand Limited Announces Management Changes

FirstRand Limited Appoints Johan Burger as Chairman of Board with Effect from 1 December 2023

Key Executive recently bought R2.7m worth of stock

FirstRand Limited, Annual General Meeting, Nov 30, 2023

Recent updates

Chief Executive Officer Aldermore recently bought R2.3m worth of stock

Upcoming dividend of R2.00 per share

COO & Executive Director recently bought R8.5m worth of stock

First half 2024 earnings released: EPS: R3.48 (vs R3.20 in 1H 2023)

First half dividend of R2.00 announced

FirstRand Limited Declares Final Gross Cash Ordinary Dividend for the Six Months Ended 31 December 2023, Payable on 02 April 2024

FirstRand Limited Declares Final Gross Cash Ordinary for the Six Months Ended 31 December 2023, Payable on 02 April 2024

FirstRand Limited Announces Management Changes

FirstRand Limited Appoints Johan Burger as Chairman of Board with Effect from 1 December 2023

FirstRand Limited to Report Q2, 2024 Results on Feb 29, 2024

New minor risk - Share price stability

Key Executive recently bought R2.7m worth of stock

FirstRand Limited, Annual General Meeting, Nov 30, 2023

Chief Executive Officer of RMB recently bought R157m worth of stock

Upcoming dividend of R1.95 per share at 6.3% yield

Full year 2023 earnings released: EPS: R6.49 (vs R5.84 in FY 2022)

FirstRand Limited Announces Board Changes

FirstRand Limited Appoints Ms Tamara Carol Isaacs as an Independent Non-Executive Director

FirstRand Limited to Report Fiscal Year 2023 Results on Sep 14, 2023

Upcoming dividend of R1.89 per share at 6.2% yield

First half 2023 earnings released: EPS: R3.21 (vs R2.82 in 1H 2022)

Upcoming dividend of R3.10 per share

CEO & Executive Director recently bought R19m worth of stock

Full year 2022 earnings released: EPS: R5.84 (vs R4.77 in FY 2021)

Upcoming dividend of R1.57 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

FirstRand Limited to Report Fiscal Year 2022 Results on Sep 15, 2022

FirstRand Limited to Report First Half, 2022 Results on Mar 03, 2022

CEO & Executive Director recently bought R13m worth of stock

Key Executive recently bought R6.0m worth of stock

Upcoming dividend of R1.53 per share

CEO & Executive Director recently bought R16m worth of stock

Full year 2021 earnings released: EPS R4.77 (vs R3.04 in FY 2020)

FirstRand Limited Provides Earnings Guidance for the Year Ended June 30, 2021

FirstRand Limited Provides Earnings Guidance for the Year Ending 30 June 2020

Upcoming dividend of R1.10 per share

Chief Executive Officer of FNB recently sold R2.0m worth of stock

First half 2021 earnings released: EPS R1.99 (vs R2.49 in 1H 2020)

New 90-day high: R53.62

New 90-day high: R50.30

Independent Non-Executive Director recently bought R239k worth of stock

Market bids up stock over the past week

New 90-day high: R44.75

New 90-day high: R41.97

Full year earnings released - EPS R3.04

FirstRand Limited Not to Declare Final Dividend for the Year Ended 30 June 2020

FirstRand Limited to Report First Half, 2021 Results on Mar 04, 2021

New 90-day low - R36.60

Public Investment Corporation Limited and others acquired 33.02% stake in FirstRand Limited (JSE:FSR) from RMB Holdings Limited (JSE:RMH).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age