Aveng Management
Management criteria checks 1/4
Aveng's CEO is Scott Cummins, appointed in Mar 2024, has a tenure of less than a year. total yearly compensation is ZAR26.74M, comprised of 56.1% salary and 43.9% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth ZAR4.38M. The average tenure of the management team and the board of directors is 1.3 years and 3.7 years respectively.
Key information
Scott Cummins
Chief executive officer
R26.7m
Total compensation
| CEO salary percentage | 56.1% |
| CEO tenure | less than a year |
| CEO ownership | 0.6% |
| Management average tenure | 1.3yrs |
| Board average tenure | 3.7yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -R1b |
| Sep 30 2023 | n/a | n/a | -R1b |
| Jun 30 2023 | R27m | R15m | -R1b |
| Mar 31 2023 | n/a | n/a | -R505m |
| Dec 31 2022 | n/a | n/a | R106m |
| Sep 30 2022 | n/a | n/a | R103m |
| Jun 30 2022 | R23m | R13m | R100m |
| Mar 31 2022 | n/a | n/a | R336m |
| Dec 31 2021 | n/a | n/a | R571m |
| Sep 30 2021 | n/a | n/a | R778m |
| Jun 30 2021 | R24m | R12m | R985m |
| Dec 31 2020 | n/a | n/a | -R386m |
| Sep 30 2020 | n/a | n/a | -R607m |
| Jun 30 2020 | R14m | R13m | -R828m |
| Dec 31 2019 | n/a | n/a | -R278m |
| Sep 30 2019 | n/a | n/a | -R603m |
| Jun 30 2019 | R1m | R1m | -R928m |
| Dec 31 2018 | n/a | n/a | -R2b |
| Sep 30 2018 | n/a | n/a | -R1b |
| Jun 30 2018 | R17m | R11m | -R1b |
| Dec 31 2017 | n/a | n/a | -R6b |
| Sep 30 2017 | n/a | n/a | -R6b |
| Jun 30 2017 | R16m | R11m | -R6b |
Compensation vs Market: Scott's total compensation ($USD1.39M) is above average for companies of similar size in the ZA market ($USD325.17K).
Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.
CEO
Scott Cummins (60 yo)
less than a year
Tenure
R26,739,216
Compensation
Mr. Scott Vincent Cummins is Executive Director at Aveng Limited since November 22, 2023 and is its CEO since March 1, 2024. He was CEO of Mcconnell Dowell Corporation Ltd of Aveng Limited from November 22...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director & Group CEO | less than a year | R26.74m | 0.59% ZAR 4.4m | |
| Group CFO | 9.6yrs | R20.03m | 0.89% ZAR 6.6m | |
| Group Finance Executive | less than a year | R6.10m | 0.12% ZAR 879.9k | |
| Prescribed Officer | no data | R6.96m | 0.079% ZAR 583.5k | |
| MD of Aveng Water & Strategy Executive of Aveng Grinaker-LTA | no data | no data | no data | |
| Managing Director of Moolmans | 1.3yrs | no data | no data | |
| Company Secretary | 5.6yrs | no data | no data |
1.3yrs
Average Tenure
48yo
Average Age
Experienced Management: AEG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director & Group CEO | less than a year | R26.74m | 0.59% ZAR 4.4m | |
| Group CFO | 9.6yrs | R20.03m | 0.89% ZAR 6.6m | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Director | 8.4yrs | R23.32m | 1.27% ZAR 9.4m | |
| Independent Non-Executive Director | 1.1yrs | R182.00k | no data | |
| Independent Non-Executive Director | 2.9yrs | R1.62m | no data | |
| Lead Independent Non-Executive Director | 4.4yrs | R1.30m | no data | |
| Independent Chairman | 8.7yrs | R3.04m | 0.039% ZAR 291.5k |
3.7yrs
Average Tenure
62yo
Average Age
Experienced Board: AEG's board of directors are considered experienced (3.7 years average tenure).