RCL Foods Management

Management criteria checks 3/4

RCL Foods' CEO is Paul Cruickshank, appointed in Dec 2021, has a tenure of 2.42 years. total yearly compensation is ZAR17.26M, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 0.05% of the company’s shares, worth ZAR4.39M. The average tenure of the management team and the board of directors is 2.3 years and 10.8 years respectively.

Key information

Paul Cruickshank

Chief executive officer

R17.3m

Total compensation

CEO salary percentage	43.0%
CEO tenure	2.4yrs
CEO ownership	0.05%
Management average tenure	2.3yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

Investors Shouldn't Be Too Comfortable With RCL Foods' (JSE:RCL) Robust Earnings

Sep 13

RCL Foods (JSE:RCL) Has A Pretty Healthy Balance Sheet

Sep 08

RCL Foods' (JSE:RCL) Returns On Capital Not Reflecting Well On The Business

May 21

Consider This Before Buying RCL Foods Limited (JSE:RCL) For The 2.6% Dividend

Apr 07

RCL Foods (JSE:RCL) Share Prices Have Dropped 47% In The Last Three Years

Mar 04

Does RCL Foods' (JSE:RCL) CEO Salary Compare Well With The Performance Of The Company?

Feb 05

Is RCL Foods (JSE:RCL) Using Capital Effectively?

Jan 07

Here's Why RCL Foods (JSE:RCL) Has A Meaningful Debt Burden

Dec 09

Would Shareholders Who Purchased RCL Foods' (JSE:RCL) Stock Five Years Be Happy With The Share price Today?

Nov 18

CEO Compensation Analysis

How has Paul Cruickshank's remuneration changed compared to RCL Foods's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R865m
Sep 30 2023	n/a	n/a	R704m
Jul 02 2023	R17m	R7m	R543m
Dec 31 2022	n/a	n/a	R775m
Sep 30 2022	n/a	n/a	R863m
Jul 03 2022	R8m	R4m	R951m

Compensation vs Market: Paul's total compensation ($USD934.80K) is about average for companies of similar size in the ZA market ($USD915.80K).

Compensation vs Earnings: Insufficient data to compare Paul's compensation with company performance.

CEO

Paul Cruickshank (49 yo)

2.4yrs

Tenure

R17,258,000

Compensation

Mr. P. D. Cruickshank, also known as Paul CA (SA) serves as Chief Executive Officer and Executive Director since December 01, 2021 at RCL Foods Limited and served as its Chief Operating Officer until Decem...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
P. Cruickshank	CEO & Executive Director	2.4yrs	R17.26m	0.050% ZAR 4.4m
Robert Field	CFO, Financial Director & Executive Director	no data	R11.05m	0.19% ZAR 16.4m
Trevor Harding	Chief Information Officer	no data	no data	no data
S. Heath	Group Legal & Corporate Affairs Director	10.9yrs	no data	no data
David Scott	Chief Human Resources Officer	2.3yrs	no data	no data
Marthinus Stander	Managing Director of Chicken Division	no data	no data	no data
Christopher Creed	Managing Director of Logistics Division	18.9yrs	no data	no data
D. Milne	Managing Director of Baking	no data	no data	no data
Jason Livesey	Chief Growth Officer	no data	no data	no data
Deena Naicker	Chief Business Services & Risk Officer	2.3yrs	no data	no data
David Tubb	Chief Commercial Officer	2.3yrs	no data	no data
Nhlanhla Mdlawuzo	Chief Supply Chain Officer	2.3yrs	no data	no data

2.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: RCL's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
P. Cruickshank	CEO & Executive Director	2.4yrs	R17.26m	0.050% ZAR 4.4m
Robert Field	CFO, Financial Director & Executive Director	19.8yrs	R11.05m	0.19% ZAR 16.4m
Jan Durand	Non-Executive Chairman	14.2yrs	R555.00k	no data
Derrick Thembinkosi Msibi	Independent Non-Executive Director	10.8yrs	R638.00k	no data
G. C. J. Kruythoff	Non-Executive Director	4.1yrs	R369.00k	no data
Gcina Zondi	Non-Executive Director	15.8yrs	R962.00k	no data
Gugulethu Dingaan	Independent Non-Executive Director	1.5yrs	R653.00k	no data
Pieter Louw	Non-Executive Director	15.4yrs	R425.00k	no data
Hendrik Carse	Non-Executive Director	11.3yrs	R425.00k	no data
Carel Petrus Vosloo	Alternate Director	less than a year	no data	no data
Penelope Moumakwa	Independent Non-Executive Director	5.3yrs	R646.00k	no data

10.8yrs

Average Tenure

54yo

Average Age

Experienced Board: RCL's board of directors are seasoned and experienced ( 10.8 years average tenure).

RCL Foods Management

Management criteria checks 3/4

Key information

Recent management updates

RCL Foods Limited Announces Board Changes

Paul Johannes Neethling to Step Down as Alternate Director of RCL Foods Limited, Effective from 14 November 2023

RCL Foods Limited, Annual General Meeting, Nov 16, 2023

Less than half of directors are independent

Insufficient new directors

RCL Foods Limited Announces Change of Company Secretary

Recent updates

Price target decreased by 15% to R8.26

Consensus EPS estimates increase by 85%

New minor risk - Share price stability

First half 2024 earnings released: EPS: R0.90 (vs R0.58 in 1H 2023)

RCL Foods Limited to Report First Half, 2024 Results on Mar 04, 2024

Returns On Capital Signal Tricky Times Ahead For RCL Foods (JSE:RCL)

RCL Foods Limited Announces Board Changes

Paul Johannes Neethling to Step Down as Alternate Director of RCL Foods Limited, Effective from 14 November 2023

Full year 2023 earnings released: EPS: R0.61 (vs R1.07 in FY 2022)

Investor sentiment deteriorates as stock falls 18%

RCL Foods Limited Not to Declare a Final Dividend for the Year Ended June 30, 2023

Full year 2023 earnings released: EPS: R0.61 (vs R1.14 in FY 2022)

A.P. Møller Capital P/S acquired Vector Logistics (Pty) Ltd from RCL Foods Limited (JSE:RCL).

RCL Foods Limited Revises Earnings Guidance for the Year Ended June 2023

New minor risk - Share price stability

RCL Foods Limited Provides Earnings Guidance for the Year Ended June 2023

RCL Foods Limited, Annual General Meeting, Nov 16, 2023

Getting In Cheap On RCL Foods Limited (JSE:RCL) Is Unlikely

Investors Will Want RCL Foods' (JSE:RCL) Growth In ROCE To Persist

Price target decreased by 8.1% to R10.43

First half 2023 earnings released: EPS: R0.58 (vs R0.74 in 1H 2022)

RCL Foods Limited to Report First Half, 2023 Results on Mar 06, 2023

Less than half of directors are independent

Price target increased to R11.35

Upcoming dividend of R0.30 per share

Price target increased to R11.73

RCL Foods' (JSE:RCL) Dividend Will Be ZAR0.30

RCL Foods (JSE:RCL) Will Pay A Dividend Of ZAR0.30

Full year 2022 earnings released: EPS: R1.14 (vs R1.12 in FY 2021)

RCL Foods (JSE:RCL) Is Doing The Right Things To Multiply Its Share Price

Price target decreased to R9.88

RCL Foods Limited (JSE:RCL) acquired Sunshine Bakery Holdings (Pty) Ltd. from Afgri Holdings Proprietary Limited.

Insufficient new directors

Upcoming dividend of R0.15 per share

Now 20% undervalued after recent price drop

Consensus forecasts updated

Calculating The Fair Value Of RCL Foods Limited (JSE:RCL)

First half 2022 earnings: EPS and revenues exceed analyst expectations

RCL Foods Limited Declares Interim Cash Dividend for the Six Months Ended December 2021, Payable on 25 April 2022

RCL Foods Limited Announces Change of Company Secretary

Investor sentiment improved over the past week

RCL Foods Limited Provides Earnings Guidance for the Six Months Ended December 31, 2021

Insufficient new directors

CEO, MD & Executive Director Miles Dally has left the company

Upcoming dividend of R0.30 per share

Investor sentiment improved over the past week

Estimating The Intrinsic Value Of RCL Foods Limited (JSE:RCL)

Price target increased to R10.68

Price target increased to R9.78

Investors Shouldn't Be Too Comfortable With RCL Foods' (JSE:RCL) Robust Earnings

RCL Foods (JSE:RCL) Has A Pretty Healthy Balance Sheet

Full year 2021 earnings released: EPS R1.12 (vs R1.03 loss in FY 2020)

RCL Foods' (JSE:RCL) Returns On Capital Not Reflecting Well On The Business

Upcoming dividend of R0.15 per share

Consider This Before Buying RCL Foods Limited (JSE:RCL) For The 2.6% Dividend

RCL Foods (JSE:RCL) Share Prices Have Dropped 47% In The Last Three Years

First half 2021 earnings released: EPS R0.62 (vs R0.63 in 1H 2020)

New 90-day high: R8.99

Does RCL Foods' (JSE:RCL) CEO Salary Compare Well With The Performance Of The Company?

New 90-day high: R8.51

Is RCL Foods (JSE:RCL) Using Capital Effectively?

New 90-day high: R8.48

Here's Why RCL Foods (JSE:RCL) Has A Meaningful Debt Burden

Would Shareholders Who Purchased RCL Foods' (JSE:RCL) Stock Five Years Be Happy With The Share price Today?

RCL Foods Limited Announces Changes to Important Functions of Directors

New 90-day low: R5.80

New 90-day low - R8.40

RCL Foods Limited (JSE:RCL) acquired EmptyTrips.

Full year earnings released - R1.03 loss per share