Sibanye Stillwater Management

Management criteria checks 4/4

Sibanye Stillwater's CEO is Neal Froneman, appointed in Jan 2013, has a tenure of 11.33 years. total yearly compensation is ZAR56.33M, comprised of 27.6% salary and 72.4% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth $8.36M. The average tenure of the management team and the board of directors is 3.6 years and 11.3 years respectively.

Key information

Neal Froneman

Chief executive officer

R56.3m

Total compensation

CEO salary percentage	27.6%
CEO tenure	11.3yrs
CEO ownership	0.3%
Management average tenure	3.6yrs
Board average tenure	11.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Neal Froneman's remuneration changed compared to Sibanye Stillwater's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	R56m	R16m	-R38b
Sep 30 2023	n/a	n/a	-R12b
Jun 30 2023	n/a	n/a	R14b
Mar 31 2023	n/a	n/a	R16b
Dec 31 2022	R198m	R14m	R18b
Sep 30 2022	n/a	n/a	R19b
Jun 30 2022	n/a	n/a	R20b
Mar 31 2022	n/a	n/a	R27b
Dec 31 2021	R292m	R12m	R33b
Sep 30 2021	n/a	n/a	R39b
Jun 30 2021	n/a	n/a	R45b
Mar 31 2021	n/a	n/a	R37b
Dec 31 2020	R58m	R13m	R29b
Sep 30 2020	n/a	n/a	R20b
Jun 30 2020	n/a	n/a	R10b
Mar 31 2020	n/a	n/a	R5b
Dec 31 2019	R32m	R13m	R62m
Sep 30 2019	n/a	n/a	-R1b
Jun 30 2019	n/a	n/a	-R3b
Mar 31 2019	n/a	n/a	-R3b
Dec 31 2018	R36m	R12m	-R2b
Sep 30 2018	n/a	n/a	-R1b
Jun 30 2018	n/a	n/a	R443m
Mar 31 2018	n/a	n/a	-R2b
Dec 31 2017	R53m	R10m	-R4b

Compensation vs Market: Neal's total compensation ($USD3.04M) is below average for companies of similar size in the US market ($USD6.66M).

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

CEO

Neal Froneman (63 yo)

11.3yrs

Tenure

R56,334,000

Compensation

Mr. Neal John Froneman, PR Eng., B.Sc. (Mech Eng.) (Ind. Opt), University of the Witwatersra, BCompt UNISA, has been the Chief Executive Officer of Sibanye-Stillwater Limited (formerly Sibanye Stillwater L...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Neal Froneman	CEO & Executive Director	11.3yrs	R56.33m	0.26% ZAR 8.4m
Charl Keyter	CFO & Executive Director	11.3yrs	R25.70m	0.022% ZAR 703.1k
Robert Van Niekerk	Chief Technical & Innovation Officer	4.1yrs	R21.86m	0.017% ZAR 556.4k
Lerato Legong	Chief Legal Officer	3.6yrs	R10.76m	no data
Richard Stewart	Chief Regional Officer of Southern Africa	2yrs	R19.95m	0.028% ZAR 894.7k
Themba Nkosi	Chief People & Culture Officer	less than a year	R14.37m	0.0085% ZAR 273.2k
Laurent Charbonnier	Chief Commercial & Development Officer	3.6yrs	R23.55m	0.0027% ZAR 85.7k
Mika Seitovirta	Chief Regional Officer - Europe	2.4yrs	R23.97m	no data
Charles Carter	Chief Regional Officer of Americas	1.9yrs	R24.32m	0.0085% ZAR 272.2k
James Wellsted	Executive Vice President of Investor Relations & Corporate Affairs	no data	R4.86m	no data
Kleantha Pillay	Executive Vice President of Sales & Marketing	5.2yrs	no data	no data
Bheki Khumalo	Executive VP & Head of Group Human Resources	3.1yrs	no data	no data

3.6yrs

Average Tenure

49.5yo

Average Age

Experienced Management: SBYS.F's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Neal Froneman	CEO & Executive Director	11.3yrs	R56.33m	0.26% ZAR 8.4m
Charl Keyter	CFO & Executive Director	11.5yrs	R25.70m	0.022% ZAR 703.1k
Richard Menell	Independent Non-Executive Director	11.3yrs	R3.61m	0.00036% ZAR 11.6k
Sindiswa Zilwa	Independent Non-Executive Director	3.3yrs	R2.15m	no data
Harry James Kenyon-Slaney	Lead Independent Director	5.3yrs	R3.37m	0.00030% ZAR 9.6k
Timothy Cumming	Independent Non-Executive Director	11.3yrs	R2.54m	0.00071% ZAR 22.8k
Nkosemntu Nika	Independent Non-Executive Director	11.3yrs	R1.93m	no data
Keith Rayner	Independent Non-Executive Director	11.3yrs	R2.66m	0.0026% ZAR 83.8k
Thabane Maphai	Independent Non-Executive Chairman	4.9yrs	R3.71m	0.0081% ZAR 258.8k
Jeremiah Vilakazi	Independent Non-Executive Director	11.3yrs	R1.99m	0.00015% ZAR 4.8k
Susan van der Merwe	Independent Non-Executive Director	11.3yrs	R2.04m	0.000040% ZAR 1.3k
Elaine Dorward-King	Independent Non-Executive Director	4.2yrs	R2.80m	0% ZAR 0

11.3yrs

Average Tenure

65yo

Average Age

Experienced Board: SBYS.F's board of directors are seasoned and experienced ( 11.3 years average tenure).

Sibanye Stillwater Management

Management criteria checks 4/4

Key information

Recent management updates

Sibanye Stillwater Limited Appoints Philippe Boisseau as Non-Executive Director

Sibanye Stillwater Limited, Annual General Meeting, May 27, 2024

Sibanye Stillwater Limited Appoints Greg Cochran as Executive Vice President Head of Uranium, Effective 1 June 2024

Sibanye Stillwater Limited Announces Board Changes

Sibanye Stillwater Limited Appoints Melanie Naidoo-Vermaak as Chief Sustainability Officer

Sibanye Stillwater Limited Announces Management Changes

Recent updates

Sibanye Stillwater Limited Appoints Philippe Boisseau as Non-Executive Director

Sibanye Stillwater Limited, Annual General Meeting, May 27, 2024

Sibanye Stillwater Limited Appoints Greg Cochran as Executive Vice President Head of Uranium, Effective 1 June 2024

Sibanye Stillwater Limited (JSE:SSW) completed the acquisition of Reldan Group of Companies.

Sibanye Stillwater Limited Announces Board Changes

JPMorgan Chase & Co. acquired an unknown minority stake in Sibanye Stillwater Limited (JSE : SSW).

Sibanye Stillwater Limited Appoints Melanie Naidoo-Vermaak as Chief Sustainability Officer

Lingotto Investment Management LLP acquired a 5.11% stake in Sibanye Stillwater Limited (JSE:SSW).

Sibanye Stillwater Limited Announces Management Changes

Sibanye-Stillwater Approves the Development of the Second Phase of Its Keliber Lithium Project

UBS Group AG (SWX:UBSG) acquired a 5.07% stake in Sibanye Stillwater Limited (JSE:SSW).

Sibanye Slumps as CEO Pushes on with Bid to Buy Mopani Copper Mines

Sibanye Stillwater Limited to Report Fiscal Year 2024 Results on Apr 25, 2025

Suitors Reportedly Prepare to Lob Bids for Chalice

Sibanye Stillwater Limited to Report First Half, 2025 Results on Aug 28, 2025

Sibanye Stillwater Limited Appoints Dr. Elaine Dorward-King as Additional Member to the Risk Committee

Sibanye Stillwater Limited to Report Second Half, 2023 Results on Feb 09, 2024

Sibanye Stillwater Limited to Report Fiscal Year 2022 Results on Feb 28, 2023

Sibanye Stillwater Limited Announces Production Guidance for the Year 2022

Sibanye Stillwater Limited (JSE : SSW) completed the acquisition of additional 20% stake in Keliber Oy from Nordic Mining ASA (OB : NOM).

Sibanye Stillwater Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

Sibanye Stillwater Limited (JSE : SSW) agreed to acquire 20% stake in Keliber Oy from Nordic Mining ASA (OB : NOM) for €46.9 million.

Sibanye-Stillwater Announces Leadership Changes

Appian Capital Advisory LLP Files Claim At the High Court of England and Wales Seeking Compensation from Sibanye-Stillwater Limited and its Subsidiary Sibanye BM Brazil (Pty) Ltd

Sibanye Stillwater Limited Provides Provides Production Guidance for the Full Year of 2022

Sibanye Stillwater Limited Announces Final Dividend for the Year 2021, Payable on 28 March 2022

Sibanye-Stillwater Mineral Resources and Mineral Reserves Declaration as at December 31, 2021

Sibanye Stillwater Limited to Report First Half, 2023 Results on Aug 29, 2023

Sibanye Stillwater Limited Provides Earnings Guidance for the First Half of 2021

Sibanye Stillwater Limited Announces Board Appointments

Sibanye-Stillwater Reports Attributable Group Mineral Resources and Mineral Reserves as At 31 December 2020

Sibanye-Stillwater Appoints Richard Cox as Executive Vice President - SA Gold Operations

Sibanye-Stillwater Announces Demise of Shadwick Bessit, the Executive Vice President and Head of the Group's SA Gold Operations

Sibanye Stillwater Limited Announces Appointment of Sindiswa Victoria Zilwa as an Independent Non-Executive Director of the Group, Effective from 1 January 2021

Federal Court Dismisses Class Action Suit Against Sibanye-Stillwater

Delaware Supreme Court Affirms the Sibanye Stillwater Limited Appraisal Decision to Uphold the Deal Price

BlackRock, Inc. (NYSE:BLK) acquired an additional unknown stake in Sibanye Stillwater Limited (JSE:SSW).

Sibanye Stillwater Limited Announces Executive Changes

Sibanye Stillwater Limited to Report Second Half, 2020 Results on Feb 18, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age