EFU Life Assurance Management
Management criteria checks 2/4
EFU Life Assurance's CEO is Mohammed Ahmed, appointed in Jul 2023, has a tenure of 1.33 years. total yearly compensation is PKR20.27M, comprised of 81.4% salary and 18.6% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth PKR2.86M. The average tenure of the management team and the board of directors is 1.1 years and 4.8 years respectively.
Key information
Mohammed Ahmed
Chief executive officer
PK₨20.3m
Total compensation
| CEO salary percentage | 81.4% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.1yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | PK₨3b |
| Jun 30 2024 | n/a | n/a | PK₨3b |
| Mar 31 2024 | n/a | n/a | PK₨2b |
| Dec 31 2023 | PK₨20m | PK₨17m | PK₨2b |
Compensation vs Market: Mohammed's total compensation ($USD72.97K) is about average for companies of similar size in the PK market ($USD79.68K).
Compensation vs Earnings: Insufficient data to compare Mohammed's compensation with company performance.
CEO
Mohammed Ahmed
1.3yrs
Tenure
PK₨20,265,000
Compensation
Mr. Mohammed Ali Ahmed is Managing Director and Chief Executive Officer of EFU Life Assurance Limited from July 10, 2023 and its Director since 2023. Mr. Ahmed served as Chief Strategy Officer at EFU Life...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.3yrs | PK₨20.27m | 0.015% PKR 2.9m | |
| Executive Vice Chairman | 1.3yrs | PK₨31.94m | 0.17% PKR 31.5m | |
| CFO & Senior Executive Director | no data | no data | no data | |
| COO & Executive Director | less than a year | no data | no data | |
| Company Secretary & Compliance Officer | 2.4yrs | no data | no data | |
| GM & Head of Grievance Department | no data | no data | no data | |
| Assistant GM & Head of Internal Audit | no data | no data | no data | |
| Head of Claims & Chief Manager | no data | no data | no data | |
| Head of Risk Management | no data | no data | no data | |
| Head of Window Takaful Operations | less than a year | no data | no data | |
| Deputy Head Group Benefits Marketing | less than a year | no data | no data | |
| Appointed Actuary | no data | no data | no data |
1.1yrs
Average Tenure
Experienced Management: EFUL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.8yrs | PK₨20.27m | 0.015% PKR 2.9m | |
| Executive Vice Chairman | 1.3yrs | PK₨31.94m | 0.17% PKR 31.5m | |
| COO & Executive Director | less than a year | no data | no data | |
| Independent Director | 4.8yrs | PK₨1.58m | 0.00048% PKR 90.3k | |
| Non-Executive Director | no data | PK₨1.65m | 0.00048% PKR 90.3k | |
| Non Executive Director | no data | PK₨1.73m | 0.47% PKR 89.3m | |
| Chairman of the Board | 32.3yrs | no data | 5.12% PKR 963.2m | |
| Non Executive Director | no data | PK₨1.95m | 0.18% PKR 33.5m | |
| Independent Director | 4.8yrs | PK₨1.35m | 0.00048% PKR 90.3k | |
| Director | 1.8yrs | PK₨750.00k | 0.00048% PKR 90.3k | |
| Independent Director | 5.6yrs | PK₨1.65m | 0.00048% PKR 90.3k | |
| Non-Executive Director | 4.8yrs | no data | 0.00048% PKR 90.3k |
4.8yrs
Average Tenure
Experienced Board: EFUL's board of directors are considered experienced (4.8 years average tenure).