Absa Group Management

Management criteria checks 3/4

Absa Group's CEO is Arrie Rautenbach, appointed in Mar 2022, has a tenure of 2.08 years. total yearly compensation is ZAR40.03M, comprised of 24.5% salary and 75.5% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth ZAR30.21M. The average tenure of the management team and the board of directors is 1.8 years and 3.6 years respectively.

Key information

Arrie Rautenbach

Chief executive officer

R40.0m

Total compensation

CEO salary percentage	24.5%
CEO tenure	2.1yrs
CEO ownership	0.03%
Management average tenure	1.8yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arrie Rautenbach's remuneration changed compared to Absa Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	R40m	R10m	R20b
Sep 30 2023	n/a	n/a	R20b
Jun 30 2023	n/a	n/a	R21b
Mar 31 2023	n/a	n/a	R21b
Dec 31 2022	R45m	R9m	R20b
Sep 30 2022	n/a	n/a	R20b
Jun 30 2022	n/a	n/a	R20b
Mar 31 2022	n/a	n/a	R19b
Dec 31 2021	R39m	R6m	R18b
Sep 30 2021	n/a	n/a	R16b
Jun 30 2021	n/a	n/a	R14b
Mar 31 2021	n/a	n/a	R10b
Dec 31 2020	R22m	R6m	R6b
Sep 30 2020	n/a	n/a	R6b
Jun 30 2020	n/a	n/a	R7b
Mar 31 2020	n/a	n/a	R11b
Dec 31 2019	R30m	R6m	R14b
Sep 30 2019	n/a	n/a	R14b
Jun 30 2019	n/a	n/a	R14b
Mar 31 2019	n/a	n/a	R14b
Dec 31 2018	R27m	R4m	R14b

Compensation vs Market: Arrie's total compensation ($USD2.11M) is about average for companies of similar size in the ZA market ($USD2.22M).

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

CEO

Arrie Rautenbach (57 yo)

2.1yrs

Tenure

R40,034,986

Compensation

Mr. Arrie Rautenbach, BBA, AMP, MBA. serves as Group Chief Executive Officer & Executive Director at Absa Bank Limited since March 29, 2022 and served as its Chief Executive of Retail & Business Banking -...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arrie Rautenbach	Group CEO & Executive Director	2.1yrs	R40.03m	0.026% ZAR 30.2m
Christopher Snyman	Interim Group Financial Director & Executive Director	less than a year	R12.68m	no data
Charles Russon	Chief Executive of Corporate & Investment Banking	5.4yrs	R31.64m	0.012% ZAR 13.9m
Cowyk Fox	Chief Executive of Everyday Banking	1.8yrs	R14.28m	0.0033% ZAR 3.8m
Faisal Mkhize	Chief Executive of Relationship Banking	no data	R18.27m	0.0016% ZAR 1.9m
Geoffrey Lee	Chief Executive of Product Solutions Cluster	1.8yrs	R20.53m	0.00041% ZAR 470.2k
Saviour Chibiya	Chief Executive of Absa Regional Operations	1.8yrs	R16.01m	no data
Johnson Idesoh	Group Chief Information & Technology Officer	1.3yrs	no data	no data
Alan Hartdegen	Head of Investor Relations	no data	no data	no data
Akash Singh	Group Chief Compliance Officer	4.4yrs	no data	no data
Sydney Mbhele	Group Chief Brand	1.3yrs	no data	no data
Jeanett Modise	Group Chief People Officer	1.3yrs	no data	no data

1.8yrs

Average Tenure

51yo

Average Age

Experienced Management: ABG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Arrie Rautenbach	Group CEO & Executive Director	2.1yrs	R40.03m	0.026% ZAR 30.2m
Christopher Snyman	Interim Group Financial Director & Executive Director	less than a year	R12.68m	no data
Prabashni Naidoo	Ex Officio Member & Group Chief Audit Executive	3yrs	no data	no data
Nkateko Mageza	Independent Non-Executive Director	less than a year	R733.88k	no data
Nonhlanhla Mjoli-Mncube	Lead Independent Director	3.5yrs	R1.74m	no data
Matthews Moloko	Independent Non-Executive Group Chairman	2.3yrs	R6.95m	no data
Rose Keanly	Independent Non-Executive Director	4.6yrs	R2.65m	no data
Rene van Wyk	Independent Non-Executive Director	3.7yrs	R2.72m	no data
Dhanasagree Naidoo	Independent Non-Executive Director	7.9yrs	R1.52m	no data
Tasneem Abdool-Samad	Independent Non-Executive Director	6.2yrs	R3.34m	no data
Ihron Rensburg	Independent Non-Executive Director	4.5yrs	R1.36m	no data
Fulvio Tonelli	Independent Non-Executive Director	3.8yrs	R2.19m	no data

3.6yrs

Average Tenure

60yo

Average Age

Experienced Board: ABG's board of directors are considered experienced (3.6 years average tenure).

Absa Group Management

Management criteria checks 3/4

Key information

Recent management updates

Absa Group Limited Announces Resignation of Swithin Munyantwali as Independent Non-Executive Director and Member of Social, Sustainability and Ethics Committee, Group Audit and Compliance Committee and Group Credit Risk Committee

Absa Bank Limited and Absa Group Limited Announces Executive Changes

Absa Group Limited Appoints Alison Beck as Independent Non-Executive Director, Member of the Group Audit and Compliance Committee (GACC) and Group Risk and Capital Management Committee (GRCMC) on 1 December 2023

Insider recently sold R8.9m worth of stock

Absa Group Limited Announces Management Changes

Absa Group Limited Appoints Luisa Diogo as an Independent Non-Executive Director, Effective 1 September 2023

Recent updates

Upcoming dividend of R6.85 per share

Now 20% overvalued

Absa Group Limited Announces Resignation of Swithin Munyantwali as Independent Non-Executive Director and Member of Social, Sustainability and Ethics Committee, Group Audit and Compliance Committee and Group Credit Risk Committee

Full year 2023 earnings released: EPS: R24.00 (vs R24.78 in FY 2022)

Absa Bank Limited and Absa Group Limited Announces Executive Changes

Absa Group Limited Appoints Alison Beck as Independent Non-Executive Director, Member of the Group Audit and Compliance Committee (GACC) and Group Risk and Capital Management Committee (GRCMC) on 1 December 2023

Insider recently sold R8.9m worth of stock

Absa Group Limited Announces Management Changes

New minor risk - Shareholder dilution

Upcoming dividend of R6.85 per share at 7.7% yield

Absa Group Limited to Report First Half, 2024 Results on Aug 19, 2024

Absa Group Limited Appoints Luisa Diogo as an Independent Non-Executive Director, Effective 1 September 2023

First half 2023 earnings released: EPS: R13.02 (vs R12.51 in 1H 2022)

Absa Group Limited, Annual General Meeting, Jun 04, 2024

Absa Group Limited to Report Fiscal Year 2023 Results on Mar 11, 2024

Absa Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023

Absa Group Limited Appoints Peter Mageza as Independent Non-Executive Director and Member of Group Audit and Compliance Committee, Information Technology Committee and Remuneration Committee

Absa Group Limited Announces Board Changes, Effective July 1, 2023

An unknown buyer acquired an unknown minority stake in Absa Group Limited (JSE:ABG) from Ninety One SA Proprietary Limited.

Upcoming dividend of R6.50 per share at 7.0% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Absa Group Limited Provides Group Revenue Guidance for the Full Year 2022

Group Financial Director recently sold R8.8m worth of stock

Upcoming dividend of R6.50 per share

First half 2022 earnings released: EPS: R0 (vs R9.83 in 1H 2021)

Absa Group Limited to Report Q2, 2023 Results on Aug 14, 2023

Upcoming dividend of R4.75 per share

Absa Group Appoints Arrie Rautenbach as Chief Executive Officer

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Absa Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Price target increased to R185

Investor sentiment improved over the past week

Upcoming dividend of R3.10 per share

First half 2021 earnings released: EPS R9.83 (vs R0.59 in 1H 2020)

Absa Group Limited Provides Earnings Guidance for the First of 2021

Acting Group Chief Risk Officer Rajal Vaidya has left the company

Non Independent Non-Executive Director Colin Beggs has left the company

Executive Officer has left the company

Full year 2020 earnings released: EPS R7.12 (vs R17.18 in FY 2019)

New 90-day high: R135

Deputy Group Chief Executive, Chief Executive of Absa Regional Operation & Executive Director has left the company

Deputy Group Chief Executive, Chief Executive of Absa Regional Operation & Executive Director has left the company

Absa Group Limited Announces Demise of Peter Matlare, Deputy Chief Executive and Chief Executive

Old Mutual Limited (JSE:OMU) acquired an additional unknown stake in Absa Group Limited (JSE:ABG).

New 90-day high: R128

New 90-day high: R122

Price target raised to R129

Absa Group Limited Announces Resignation of Daniel Hodge from Board, Effective 15 December 2020

New 90-day high: R116

Analysts update estimates

Analysts increase EPS estimates to R10.29

Market bids up stock over the past week

New 90-day high: R107

Market pulls back on stock over the past week

Absa Group and Absa Bank Appoints Jason Quinn as Debt Officer

Market bids up stock over the past week

New 90-day high: R94.91

Absa Group Limited Appoints of Nonhlanhla Sylvia Mjoli-Mncube as Independent Non-Executive Director, Effective October 15, 2020

Absa Group Limited and Absa Bank Limited Announce Chairman Succession Planning

New 90-day high: R93.33

First half earnings released

Absa Group Limited to Report First Half, 2021 Results on Aug 12, 2021

Absa Group Limited Declares No Interim Dividend for the Period Ended 30 June 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure