Mr Price Group Management

Management criteria checks 4/4

Mr Price Group's CEO is Mark Blair, appointed in Jan 2019, has a tenure of 5.25 years. total yearly compensation is ZAR10.67M, comprised of 63.5% salary and 36.5% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth ZAR226.66M. The average tenure of the management team and the board of directors is 3.8 years and 3.7 years respectively.

Key information

Mark Blair

Chief executive officer

R10.7m

Total compensation

CEO salary percentage	63.5%
CEO tenure	5.3yrs
CEO ownership	0.5%
Management average tenure	3.8yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

Is There Now An Opportunity In Mr Price Group Limited (JSE:MRP)?

Apr 04

Here's Why Mr Price Group (JSE:MRP) Can Manage Its Debt Responsibly

Jan 15

Risks To Shareholder Returns Are Elevated At These Prices For Mr Price Group Limited (JSE:MRP)

Dec 28

Mr Price Group (JSE:MRP) Is Paying Out Less In Dividends Than Last Year

Nov 29

Some Shareholders Feeling Restless Over Mr Price Group Limited's (JSE:MRP) P/E Ratio

Aug 04

Mr Price Group (JSE:MRP) Has Announced That Its Dividend Will Be Reduced To ZAR4.47

Jul 02

Mr Price Group (JSE:MRP) Could Be Struggling To Allocate Capital

Jun 25

CEO Compensation Analysis

How has Mark Blair's remuneration changed compared to Mr Price Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	R3b
Jun 30 2023	n/a	n/a	R3b
Apr 01 2023	R11m	R7m	R3b
Jan 01 2023	n/a	n/a	R3b
Oct 01 2022	n/a	n/a	R3b
Jul 01 2022	n/a	n/a	R3b
Apr 02 2022	R57m	R6m	R3b
Jan 02 2022	n/a	n/a	R3b
Oct 02 2021	n/a	n/a	R3b
Jul 02 2021	n/a	n/a	R3b
Apr 03 2021	n/a	n/a	R3b
Jan 03 2021	n/a	n/a	R2b
Sep 26 2020	n/a	n/a	R2b
Jun 26 2020	n/a	n/a	R3b
Mar 28 2020	n/a	n/a	R3b
Dec 28 2019	n/a	n/a	R3b
Sep 28 2019	n/a	n/a	R3b
Jun 28 2019	n/a	n/a	R3b
Mar 30 2019	n/a	n/a	R3b
Dec 30 2018	n/a	n/a	R3b
Sep 29 2018	n/a	n/a	R3b
Jun 29 2018	n/a	n/a	R3b
Mar 31 2018	R19m	R4m	R3b

Compensation vs Market: Mark's total compensation ($USD559.94K) is below average for companies of similar size in the ZA market ($USD971.58K).

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

CEO

Mark Blair (57 yo)

5.3yrs

Tenure

R10,666,000

Compensation

Mr. Mark McNeil Blair, CA (SA), has been Chief Executive Officer of Mr Price Group Limited since January 1, 2019 and serves as its Member of Group Management Board. Mr. Blair serves as Special Projects Dir...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Blair	CEO, Member of Group Management Board & Executive Director	5.3yrs	R10.67m	0.55% ZAR 226.7m
Stewart Cohen	Honorary Chairman & Co-Founder	3.3yrs	R908.78k	0.026% ZAR 10.8m
Praneel Nundkumar	Chief Financial Officer	4.3yrs	no data	no data
Kim Sim	Divisional Head of Information	1.3yrs	no data	no data
Matthew Warriner	Divisional Head of Investor Relations & Stakeholder Engagement	4.3yrs	no data	no data
T. Clarke	Group Legal & Compliance Officer	no data	no data	no data
Liziwe Masoga	Divisional Head of People	2.3yrs	no data	no data
Verna Botha-Richards	Head of Corporate Services & Sustainability	no data	no data	no data
Arn De Haas	Managing Director of Mr Price Sport	2.9yrs	no data	no data
Greg Azzopardi	Managing Director of Group Real Estate	no data	no data	no data
Werner Pelser	Divisional Head of Logistics	4.3yrs	no data	no data
Clint Larsson	Managing Director of Mr Price Home	no data	no data	no data

3.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: MRP's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Blair	CEO, Member of Group Management Board & Executive Director	18.1yrs	R10.67m	0.55% ZAR 226.7m
Stewart Cohen	Honorary Chairman & Co-Founder	35.1yrs	R908.78k	0.026% ZAR 10.8m
Lucia Swartz	Independent Non-Executive Director	3.7yrs	R653.72k	no data
Richard J. Inskip	Independent Non-Executive Director	less than a year	no data	no data
Mark Bowman	Lead Independent Non-Executive Director	7.2yrs	R1.03m	no data
Nigel George Payne	Independent Non-Executive Chairman	16.7yrs	R1.87m	no data
Neill Abrams	Independent Non-Executive Director	less than a year	no data	no data
Dhanasagree Naidoo	Independent Non-Executive Director	11.9yrs	R1.03m	no data
Jane Canny	Independent Non-Executive Director	3.1yrs	R567.74k	no data
Refilwe Nkabinde	Independent Non-Executive Director	less than a year	no data	no data
Harish Ramsumer	Independent Non-Executive Director	less than a year	no data	no data

3.7yrs

Average Tenure

61yo

Average Age

Experienced Board: MRP's board of directors are considered experienced (3.7 years average tenure).

Mr Price Group Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

Mr. Price Group Limited Appoints Refilwe Nkabinde as Independent Non-Executive Director and Member of the Audit and Compliance Committee with Effect from 1 December 2023

Honorary Chairman & Co-Founder recently bought R924k worth of stock

Mr. Price Group Limited Announces Changes of Chief Financial Officer

Mr Price Group Limited, Annual General Meeting, Aug 30, 2023

Mr. Price Group Limited Announces Board and Committees Changes

Recent updates

Is There Now An Opportunity In Mr Price Group Limited (JSE:MRP)?

Price target increased by 12% to R192

Here's Why Mr Price Group (JSE:MRP) Can Manage Its Debt Responsibly

High number of new directors

Risks To Shareholder Returns Are Elevated At These Prices For Mr Price Group Limited (JSE:MRP)

Upcoming dividend of R2.84 per share at 4.9% yield

Mr Price Group (JSE:MRP) Is Paying Out Less In Dividends Than Last Year

Mr. Price Group Limited Appoints Refilwe Nkabinde as Independent Non-Executive Director and Member of the Audit and Compliance Committee with Effect from 1 December 2023

New minor risk - Profit margin trend

Price target increased by 8.8% to R168

Mr. Price Group Limited Declares Interim Gross Cash Dividend for the 26 Weeks Ended 30 September 2023, Payable on 18 December 2023

Honorary Chairman & Co-Founder recently bought R924k worth of stock

Consensus EPS estimates fall by 17%

Some Shareholders Feeling Restless Over Mr Price Group Limited's (JSE:MRP) P/E Ratio

Mr. Price Group Limited Announces Changes of Chief Financial Officer

Upcoming dividend of R4.47 per share at 5.3% yield

Mr Price Group (JSE:MRP) Has Announced That Its Dividend Will Be Reduced To ZAR4.47

Mr Price Group Limited, Annual General Meeting, Aug 30, 2023

Mr Price Group (JSE:MRP) Could Be Struggling To Allocate Capital

Full year 2023 earnings released

Mr. Price Group Limited Declares Final Cash Dividend for the 52 Weeks Ended 1 April 2023, Payable on 17 July 2023

Mr. Price Group Limited Announces Board and Committees Changes

Upcoming dividend of R3.13 per share

First half 2023 earnings released

Honorary Chairman & Co-Founder recently sold R20m worth of stock

Upcoming dividend of R5.25 per share

Third quarter 2022 earnings released

Mr Price Group Limited (JSE:MRP) entered into transaction agreements to acquire 70% of shares of Blue Falcon 188 Trading (Pty) Ltd from RMB Ventures Six (Pty) Ltd for South African Rand 3.3 billion.

Upcoming dividend of R2.82 per share

Key Executive recently sold R1.7m worth of stock

First half 2022 earnings: EPS and revenues exceed analyst expectations

High number of new directors

Full year 2021 earnings released: EPS R10.27 (vs R10.51 in FY 2020)

Upcoming dividend of R4.63 per share

Price target increased to R224

Fairtree Asset Management (Pty) Ltd acquired minority stake in Mr Price Group Limited (JSE:MRP).

Price target increased to R210

Full year 2021 earnings released: EPS R10.27 (vs R10.46 in FY 2020)

Mr. Price Group Limited Announces Final Gross Cash Dividend for the 53 Weeks Ended 3 April 2021, Payable on June 28, 2021

Mr Price Group Limited (JSE:MRP) agreed to acquire Yuppiechef Online (Pty) Ltd for approximately ZAR 470 million.

Mr. Price Group Limited Announces Appointment of Jane Canny as Independent Non-Executive Director

New 90-day high: R183

Analysts update estimates

Analysts increase EPS estimates to R8.91

Price target raised to R161

First half 2021 earnings released: EPS R2.92

Mr Price Group Limited (JSE:MRP) signed an agreement to acquire Power Fashion from Noel Otto and family.

New 90-day high: R169

Mr. Price Group Limited Announces Resignation of Brenda Niehaus as Independent Non-Executive Director and Member of the Risk and It Committee, Effective December 31, 2020

Market bids up stock over the past week

Mr Price Group Limited to Report First Half, 2021 Results on Nov 26, 2020

New 90-day high: R140

Public Investment Corporation Limited acquired an additional stake in Mr Price Group Limited (JSE:MRP).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age