AVI Management

Management criteria checks 2/4

AVI's CEO is Simon Crutchley, appointed in Oct 2005, has a tenure of 18.58 years. directly owns 0.26% of the company’s shares, worth ZAR76.55M. The average tenure of the management team and the board of directors is 11.3 years and 2.3 years respectively.

Key information

Simon Crutchley

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	18.6yrs
CEO ownership	0.3%
Management average tenure	11.3yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Simon Crutchley's remuneration changed compared to AVI's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R2b
Sep 30 2023	n/a	n/a	R2b
Jun 30 2023	n/a	n/a	R2b
Mar 31 2023	n/a	n/a	R2b
Dec 31 2022	n/a	n/a	R2b
Sep 30 2022	n/a	n/a	R2b
Jun 30 2022	R33m	R12m	R2b
Mar 31 2022	n/a	n/a	R2b
Dec 31 2021	n/a	n/a	R2b
Sep 30 2021	n/a	n/a	R2b
Jun 30 2021	R30m	R11m	R2b
Mar 31 2021	n/a	n/a	R2b
Dec 31 2020	n/a	n/a	R2b
Sep 30 2020	n/a	n/a	R2b
Jun 30 2020	R27m	R10m	R2b
Mar 31 2020	n/a	n/a	R2b
Dec 31 2019	n/a	n/a	R2b
Sep 30 2019	n/a	n/a	R2b
Jun 30 2019	R38m	R9m	R2b
Mar 31 2019	n/a	n/a	R2b
Dec 31 2018	n/a	n/a	R2b
Sep 30 2018	n/a	n/a	R2b
Jun 30 2018	R48m	R8m	R2b
Mar 31 2018	n/a	n/a	R2b
Dec 31 2017	n/a	n/a	R2b
Sep 30 2017	n/a	n/a	R2b
Jun 30 2017	R39m	R7m	R2b

Compensation vs Market: Insufficient data to establish whether Simon's total compensation is reasonable compared to companies of similar size in the ZA market.

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

CEO

Simon Crutchley (60 yo)

18.6yrs

Tenure

R33,496,000

Compensation

Mr. Simon Leigh Crutchley, BBusSci (UCT), has been the Chief Executive Officer at AVI Limited since October 1, 2005. Mr. Crutchley serves as Acting Managing Director of A&D Spitz Proprietary Limited. He wa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Justin O'Meara	CFO & Executive Director	2.3yrs	R11.41m	0.00044% ZAR 128.0k
Michael Koursaris	Acting MD of National Brands Limited	no data	R19.42m	0.033% ZAR 9.7m
Simon Crutchley	CEO & Executive Director	18.6yrs	R33.50m	0.26% ZAR 76.5m
Vivien Crystal	Group Legal Executive	11.3yrs	no data	no data
Catherine Makin	Executive of Group Marketing	16.3yrs	no data	no data
Roger Coppin	MD of AVI International & Acting MD of I&J	4.3yrs	no data	no data
Gaynor Poretti	Special Projects Executive & Acting MD of Indigo Brands	8.3yrs	no data	no data
Sureya Scheepers	Company Secretary	13yrs	no data	no data

11.3yrs

Average Tenure

59yo

Average Age

Experienced Management: AVI's management team is seasoned and experienced (11.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Justin O'Meara	CFO & Executive Director	2.3yrs	R11.41m	0.00044% ZAR 128.0k
Michael Koursaris	Acting MD of National Brands Limited	10.7yrs	R19.42m	0.033% ZAR 9.7m
Simon Crutchley	CEO & Executive Director	24.9yrs	R33.50m	0.26% ZAR 76.5m
Michael Watters	Independent Non-Executive Chairman	less than a year	R285.00k	no data
Maserame Mouyeme	Independent Non-Executive Director	less than a year	no data	no data
Alexandra Muller	Independent Non-Executive Director	4.8yrs	R851.00k	no data
Steven Robinson	Independent Non-Executive Director	1.2yrs	R346.00k	no data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Board: AVI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

AVI Management

Management criteria checks 2/4

Key information

Recent management updates

AVI Limited Announces Resignation of AM Thebyane as Non-Executive Director

Board Member recently bought R3.5m worth of stock

CEO & Executive Director exercised options to buy R2.1m worth of stock.

Board Member exercised options to buy R549k worth of stock.

AVI Limited, Annual General Meeting, Nov 08, 2023

AVI Limited Announces Changes to the Board and Board Committees

Recent updates

AVI Limited Announces Resignation of AM Thebyane as Non-Executive Director

Upcoming dividend of R2.02 per share

First half 2024 earnings released: EPS: R3.74 (vs R3.18 in 1H 2023)

First half dividend increased to R2.02

AVI Limited Announces Gross Interim Ordinary Dividend for the Six Months Ended 31 December 2023, Payable on 22 April 2024

Consensus EPS estimates increase by 84%

AVI Limited to Report First Half, 2024 Results on Mar 04, 2024

Board Member recently bought R3.5m worth of stock

New major risk - Revenue and earnings growth

CEO & Executive Director exercised options to buy R2.1m worth of stock.

Board Member exercised options to buy R549k worth of stock.

Price target increased by 8.0% to R82.60

Upcoming dividend of R3.10 per share at 6.4% yield

AVI Limited, Annual General Meeting, Nov 08, 2023

AVI Limited(JSE:AVI) dropped from FTSE All-World Index (USD)

Consensus EPS estimates increase by 93%

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

AVI Limited to Report Q4, 2023 Results on Sep 04, 2023

AVI Limited Provides Consolidated Earnings Guidance for the Year Ended June 30, 2023

AVI Limited Announces Changes to the Board and Board Committees

AVI Limited Announces the Resignation of Busi Silwanyana as Non-Executive Director

AVI Limited Announces Executive Changes

Upcoming dividend of R1.72 per share at 6.4% yield

AVI Limited Announces Resignation of Michael Bosman as Non-Executive Director, Effective 1 February 2023

AVI Limited to Report First Half, 2023 Results on Mar 06, 2023

CEO & Executive Director exercised options and sold R370k worth of stock

Now 21% undervalued

Board Member exercised options and sold R95k worth of stock

Upcoming dividend of R2.92 per share

AVI Limited, Annual General Meeting, Nov 09, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

AVI Limited to Report Fiscal Year 2022 Results on Sep 05, 2022

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of R1.70 per share

Price target decreased to R76.54

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

AVI Limited Provides Consolidated Earnings Guidance for the Six Months Ended 31 December 2021

AVI and Mondelez End Talks About Sale of Snacks Division

AVI in Deal Talks with Oreo Maker Mondelez

Upcoming dividend of R2.75 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS R4.99 (vs R5.92 in FY 2020)

Upcoming dividend of R4.40 per share

First half 2021 earnings released: EPS R2.97 (vs R4.10 in 1H 2020)

AVI Limited Appoints Busisiwe Silwanyana as Independent Non-Executive Director, and as Member of the Audit and Risk Committee

AVI Limited to Report First Half, 2021 Results on Mar 08, 2021

AVI Limited Announces Resignation of Gavin Tipper as Director

New 90-day high: R78.87

New 90-day high: R75.30

Full year earnings released - EPS R5.92

New 90-day low - R67.74

Old Mutual Limited (JSE:OMU) acquired an unknown stake in AVI Limited (JSE:AVI).

New 90-day low - R69.19

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age