Absa Group Limited

JSE:ASN504 Stock Report

Market Cap: R152.7b

Absa Group Management

Management criteria checks 3/4

Absa Group's CEO is Arrie Rautenbach, appointed in Mar 2022, has a tenure of 1.08 years. total yearly compensation is ZAR44.78M, comprised of 19.4% salary and 80.6% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth ZAR40.32M. The average tenure of the management team and the board of directors is 0.8 years and 3.6 years respectively.

Key information

Arrie Rautenbach

Chief executive officer

R44.8m

Total compensation

CEO salary percentage19.4%
CEO tenure1.1yrs
CEO ownership0.03%
Management average tenureless than a year
Board average tenure3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arrie Rautenbach's remuneration changed compared to Absa Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2022R45mR9m

R21b

Sep 30 2022n/an/a

R20b

Jun 30 2022n/an/a

R20b

Mar 31 2022n/an/a

R19b

Dec 31 2021R39mR6m

R18b

Sep 30 2021n/an/a

R16b

Jun 30 2021n/an/a

R14b

Mar 31 2021n/an/a

R10b

Dec 31 2020R22mR6m

R6b

Sep 30 2020n/an/a

R6b

Jun 30 2020n/an/a

R7b

Mar 31 2020n/an/a

R11b

Dec 31 2019R30mR6m

R14b

Sep 30 2019n/an/a

R14b

Jun 30 2019n/an/a

R14b

Mar 31 2019n/an/a

R14b

Dec 31 2018R27mR4m

R14b

Compensation vs Market: Arrie's total compensation ($USD2.50M) is about average for companies of similar size in the ZA market ($USD2.28M).

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

CEO

Arrie Rautenbach (56 yo)

1.1yrs

Tenure

R44,775,084

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

NamePositionTenureCompensationOwnership
Arrie Rautenbach
Group CEO & Executive Director1.1yrsR44.78m0.026%
ZAR 40.3m
Jason Quinn
Group Financial Director1.1yrsR34.75m0.012%
ZAR 18.4m
Charles Russon
Chief Executive of Corporate & Investment Banking4.4yrsR31.23m0.018%
ZAR 27.8m
Cowyk Fox
Chief Executive of Everyday Bankingless than a yearR20.96m0.0033%
ZAR 5.0m
Faisal Mkhize
Chief Executive of Relationship Bankingno dataR20.92m0.0016%
ZAR 2.5m
Geoffrey Lee
Chief Executive of Product Solutions Clusterless than a yearR21.03m0.00042%
ZAR 641.2k
Punki Modise
Group Chief Strategy & Sustainability Officerless than a yearR17.67m0%
ZAR 0
Saviour Chibiya
Chief Executive of Absa Regional Operationsless than a yearR19.96mno data
Johnson Idesoh
Group Chief Information & Technology Officerless than a yearno datano data
Alan Hartdegen
Head of Investor Relationsno datano datano data
Akash Singh
Group Chief Compliance Officer3.4yrsno datano data
Sydney Mbhele
Group Chief Brandless than a yearno datano data

0.8yrs

Average Tenure

50yo

Average Age

Experienced Management: ASN504's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Arrie Rautenbach
Group CEO & Executive Director1.1yrsR44.78m0.026%
ZAR 40.3m
Jason Quinn
Group Financial Director6.6yrsR34.75m0.012%
ZAR 18.4m
Prabashni Naidoo
Ex Officio Member & Group Chief Audit Executive2yrsno datano data
Alex Darko
Independent Non-Executive Director8.5yrsR2.19mno data
Nonhlanhla Mjoli-Mncube
Lead Independent Director2.5yrsR1.63mno data
Matthews Moloko
Independent Non-Executive Group Chairman1.3yrsR5.61mno data
Francis Okomo-Okello
Independent Non-Executive Director8.5yrsR1.60mno data
Rose Keanly
Independent Non-Executive Director3.6yrsR2.74mno data
Rene van Wyk
Independent Non-Executive Director2.7yrsR2.73mno data
Dhanasagree Naidoo
Independent Non-Executive Director6.9yrsR2.88mno data
Tasneem Abdool-Samad
Independent Non-Executive Director5.2yrsR3.43mno data
Swithin Munyantwali
Independent Non-Executive Director3.6yrsR1.30mno data

3.6yrs

Average Tenure

57.5yo

Average Age

Experienced Board: ASN504's board of directors are considered experienced (3.6 years average tenure).