FirstRand Management
Management criteria checks 4/4
FirstRand's CEO is Mary Vilakazi, appointed in Jul 2018, has a tenure of 5.75 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 $632.48K. The average tenure of the management team and the board of directors is 8 years and 5.5 years respectively.
Key information
Mary Vilakazi
Chief executive officer
R35.4m
Total compensation
| CEO salary percentage | 22.8% |
| CEO tenure | 5.8yrs |
| CEO ownership | 0.004% |
| Management average tenure | 8yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | R38b |
| Sep 30 2023 | n/a | n/a | R37b |
| Jun 30 2023 | R35m | R8m | R36b |
| Mar 31 2023 | n/a | n/a | R36b |
| Dec 31 2022 | n/a | n/a | R35b |
| Sep 30 2022 | n/a | n/a | R34b |
| Jun 30 2022 | R33m | R8m | R33b |
| Mar 31 2022 | n/a | n/a | R32b |
| Dec 31 2021 | n/a | n/a | R31b |
| Sep 30 2021 | n/a | n/a | R29b |
| Jun 30 2021 | R27m | R7m | R27b |
| Mar 31 2021 | n/a | n/a | R20b |
| Dec 31 2020 | n/a | n/a | R14b |
| Sep 30 2020 | n/a | n/a | R16b |
| Jun 30 2020 | R24m | R7m | R17b |
| Mar 31 2020 | n/a | n/a | R23b |
| Dec 31 2019 | n/a | n/a | R28b |
| Sep 30 2019 | n/a | n/a | R29b |
| Jun 30 2019 | R25m | R6m | R30b |
Compensation vs Market: Mary's total compensation ($USD1.84M) is below average for companies of similar size in the US market ($USD13.52M).
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 |
|---|---|---|---|---|
| CEO, COO & Executive Director | 5.8yrs | R35.39m | 0.0035% ZAR 632.5k | |
| CFO, Executive Financial Director & Director | 10.3yrs | R38.65m | 0.031% ZAR 5.6m | |
| Chief Executive Officer of FNB | 10.5yrs | R44.58m | 0.015% ZAR 2.8m | |
| Chief Executive Officer Aldermore | no data | R60.47m | 0.0016% ZAR 287.3k | |
| Chief Executive Officer of RMB | 1.5yrs | R41.14m | 0.012% ZAR 2.1m | |
| Chief Information Officer and Chief Executive Officer of FNB Smart Solutions | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Governance | 10.3yrs | no data | no data | |
| Chief People Officer | 2.5yrs | no data | no data | |
| Head of Group Enterprise Risk Management | no data | no data | no data | |
| Group Head of Finance | 10.6yrs | no data | no data | |
| Chief Digital officer | 5.8yrs | no data | no data |
8.0yrs
Average Tenure
52yo
Average Age
Experienced Management: FAND.F's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, COO & Executive Director | 5.8yrs | R35.39m | 0.0035% ZAR 632.5k | |
| CFO, Executive Financial Director & Director | 10.3yrs | R38.65m | 0.031% ZAR 5.6m | |
| Independent Non-Executive Director | 4yrs | R3.20m | 0.012% ZAR 2.1m | |
| Independent Non-Executive Director | 5.2yrs | R3.41m | 0.00014% ZAR 25.3k | |
| Independent Non-Executive Chairman | 15.3yrs | R3.22m | 0% ZAR 0 | |
| Independent Non-Executive Director | 11.3yrs | R4.37m | 0.0018% ZAR 328.9k | |
| Independent Non Executive Director | 6yrs | R3.06m | 0.00027% ZAR 48.8k | |
| Independent Non-Executive Director | less than a year | no data | 0.000070% ZAR 12.6k | |
| Lead Independent Non-Executive Director | 3yrs | R2.71m | no data | |
| Independent Non-Executive Director | 2yrs | R1.16m | no data |
5.5yrs
Average Tenure
61yo
Average Age
Experienced Board: FAND.F's board of directors are considered experienced (5.5 years average tenure).