Santam Management
Management criteria checks 2/4
Santam's CEO is Tava Madzinga, appointed in Jul 2022, has a tenure of 1.75 years. total yearly compensation is ZAR17.34M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth ZAR8.67M. The average tenure of the management team and the board of directors is 1.3 years and 2.8 years respectively.
Key information
Tava Madzinga
Chief executive officer
R17.3m
Total compensation
| CEO salary percentage | 43.1% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.03% |
| Management average tenure | 1.3yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | R17m | R7m | R3b |
| Jun 30 2023 | n/a | n/a | R3b |
| Mar 31 2023 | n/a | n/a | R2b |
| Dec 31 2022 | R17m | R5m | R2b |
Compensation vs Market: Tava's total compensation ($USD921.57K) is about average for companies of similar size in the NA market ($USD976.79K).
Compensation vs Earnings: Tava's compensation has been consistent with company performance over the past year.
CEO
Tava Madzinga (43 yo)
1.8yrs
Tenure
R17,343,000
Compensation
Mr. Tavaziva Chadamoyo Madzinga, also known as Tava, serves as Group Managing Director at Britam Holdings Plc since February 01, 2021 and also serves as its Director since February 16, 2021. He has been an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.8yrs | R17.34m | 0.026% ZAR 8.7m | |
| Group CFO | less than a year | R12.03m | no data | |
| Chief Executive Officer of MiWay | 3.3yrs | no data | no data | |
| Chief Operating Officer | 1.3yrs | R612.18k | no data | |
| Chief Technology Officer | 1.3yrs | no data | no data | |
| Head of Investor Relations & Strategy | 1.3yrs | no data | no data | |
| Chief Legal Officer | 3.3yrs | no data | no data | |
| Executive Head of Human Resources | 1.3yrs | no data | no data | |
| Head of Santam Reinsurance | no data | no data | no data | |
| Chief Underwriting Officer | 1.3yrs | no data | no data | |
| Head of Market Development & Sustainability | 3.3yrs | no data | no data | |
| Chief Executive Officer of Santam Broker Solutions | 3.3yrs | no data | no data |
1.3yrs
Average Tenure
48yo
Average Age
Experienced Management: SNM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2yrs | R17.34m | 0.026% ZAR 8.7m | |
| Group CFO | less than a year | R12.03m | no data | |
| Independent Non-Executive Chairperson | 2.8yrs | R1.55m | no data | |
| Independent Non-Executive Director | 7.2yrs | R1.56m | no data | |
| Non-Executive Director | 3.7yrs | R706.00k | no data | |
| Lead Independent Non-Executive Director | 4.3yrs | R1.86m | 0.0011% ZAR 359.7k | |
| Independent Non-Executive Director | 6yrs | R506.00k | 0.0045% ZAR 1.5m | |
| Non-Independent & Non-Executive Director | 3.4yrs | R615.00k | no data | |
| Independent Non-Executive Director | 2.8yrs | R962.00k | no data | |
| Non-Executive Director | 1.3yrs | no data | no data | |
| Independent Non-Executive Director | 2.8yrs | R847.00k | no data | |
| Independent Non-Executive Director | 2.8yrs | R1.18m | no data |
2.8yrs
Average Tenure
59yo
Average Age
Experienced Board: SNM's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.