FirstRand Management

Management criteria checks 4/4

FirstRand's CEO is Mary Vilakazi, appointed in Apr 2024, has a tenure of less than a year. total yearly compensation is ZAR40.55M, comprised of 22.1% salary and 77.9% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth ZAR35.42M. The average tenure of the management team and the board of directors is 2.1 years and 4.6 years respectively.

Key information

Mary Vilakazi

Chief executive officer

R40.6m

Total compensation

CEO salary percentage	22.1%
CEO tenure	less than a year
CEO ownership	0.008%
Management average tenure	2.1yrs
Board average tenure	4.6yrs

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
Jun 30 2024	R41m	R9m	R38b
Mar 31 2024	n/a	n/a	R38b
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 ($USD2.24M) is about average for companies of similar size in the NA market ($USD3.12M).

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

CEO

Mary Vilakazi (46 yo)

less than a year

Tenure

R40,552,000

Compensation

Ms. Mary Vilakazi, BCom (Hons), HDip Auditing, CA(SA) serves as Non-Executive Director at Aldermore Group since April 01, 2024. She serves as Non-Executive Director at Aldermore Bank PLC since April 01, 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mary Vilakazi	CEO & Executive Director	less than a year	R40.55m	0.0083% ZAR 35.4m
Markos Davias	CFO & Executive Director	less than a year	R46.69m	0.00057% ZAR 2.4m
Jacques Celliers	Chief Executive Officer of nav.	11.1yrs	R46.50m	0.015% ZAR 65.5m
Hetash Kellan	Chief Executive Officer of FNB	less than a year	R42.41m	0.046% ZAR 195.9m
Stephen Cooper	Chief Executive Officer Aldermore	no data	R2.58m	0.0022% ZAR 9.5m
Emmarentia Brown	Chief Executive Officer of RMB	2.1yrs	R42.06m	0.012% ZAR 50.6m
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	10.8yrs	no data	no data
Tswelo Kodisang	Chief People Officer	3.1yrs	no data	no data
Andries Du Toit	Chief Value Officer	less than a year	no data	no data
Jaco van Wyk	Group Head of Finance	11.2yrs	no data	no data

2.1yrs

Average Tenure

53yo

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	6.3yrs	R40.55m	0.0083% ZAR 35.4m
Markos Davias	CFO & Executive Director	less than a year	R46.69m	0.00057% ZAR 2.4m
Zelda Roscherr	Independent Non-Executive Director	4.6yrs	R4.36m	0.012% ZAR 50.4m
Louis Von Zeuner	Independent Non-Executive Director	5.8yrs	R4.08m	0.00014% ZAR 600.4k
Johan Burger	Independent Non-Executive Chairman	15.8yrs	R6.06m	0.092% ZAR 393.0m
Grant Gelink	Independent Non-Executive Director	11.8yrs	R4.57m	0.0018% ZAR 7.8m
Paballo Makosholo	Independent Non-Executive Director	less than a year	R1.95m	no data
Thomas Winterboer	Independent Non Executive Director	6.6yrs	R3.52m	0.00027% ZAR 1.2m
Tamara Esau-Isaacs	Independent Non-Executive Director	1.4yrs	R1.47m	0.000070% ZAR 300.2k
Sibusiso Sibisi	Lead Independent Non-Executive Director	3.6yrs	R3.10m	no data
Premilla Naidoo	Independent Non-Executive Director	2.6yrs	R1.51m	no data

4.6yrs

Average Tenure

62yo

Average Age

Experienced Board: FST's board of directors are considered experienced (4.6 years average tenure).

FirstRand Management

Management criteria checks 4/4

Key information

Recent management updates

FirstRand Limited Announces Board Changes

FirstRand Limited, Annual General Meeting, Nov 29, 2024

FirstRand Limited Appoints Paballo Makosholo as Independent Non-Executive Director, Effective 1 October 2024

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

Recent updates

FirstRand Limited Announces Board Changes

FirstRand Limited, Annual General Meeting, Nov 29, 2024

New minor risk - Dividend sustainability

Upcoming dividend of R2.15 per share

Final dividend of R2.15 announced

Full year 2024 earnings released

FirstRand Limited Appoints Paballo Makosholo as Independent Non-Executive Director, Effective 1 October 2024

FirstRand Limited to Report Fiscal Year 2024 Results on Sep 12, 2024

Investor sentiment improves as stock rises 18%

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