Mustek Management
Management criteria checks 2/4
Mustek's CEO is Hein Engelbrecht, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is ZAR13.46M, comprised of 36.1% salary and 63.9% bonuses, including company stock and options. directly owns 3.04% of the company’s shares, worth ZAR15.73M. The average tenure of the management team and the board of directors is 1.8 years and 3 years respectively.
Key information
Hein Engelbrecht
Chief executive officer
R13.5m
Total compensation
| CEO salary percentage | 36.1% |
| CEO tenure | 1.9yrs |
| CEO ownership | 3.0% |
| Management average tenure | 1.8yrs |
| Board average tenure | 3yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | R143m |
| Sep 30 2023 | n/a | n/a | R181m |
| Jun 30 2023 | R13m | R5m | R220m |
| Mar 31 2023 | n/a | n/a | R209m |
| Dec 31 2022 | n/a | n/a | R199m |
| Sep 30 2022 | n/a | n/a | R210m |
| Jun 30 2022 | R12m | R4m | R220m |
| Mar 31 2022 | n/a | n/a | R263m |
| Dec 31 2021 | n/a | n/a | R306m |
| Sep 30 2021 | n/a | n/a | R300m |
| Jun 30 2021 | R10m | R4m | R294m |
| Mar 31 2021 | n/a | n/a | R233m |
| Dec 31 2020 | n/a | n/a | R172m |
| Sep 30 2020 | n/a | n/a | R129m |
| Jun 30 2020 | R6m | R3m | R87m |
| Mar 31 2020 | n/a | n/a | R94m |
| Dec 31 2019 | n/a | n/a | R102m |
| Sep 30 2019 | n/a | n/a | R103m |
| Jun 30 2019 | R9m | R3m | R105m |
| Mar 31 2019 | n/a | n/a | R97m |
| Dec 31 2018 | n/a | n/a | R90m |
| Sep 30 2018 | n/a | n/a | R85m |
| Jun 30 2018 | R5m | R3m | R80m |
| Mar 31 2018 | n/a | n/a | R82m |
| Dec 31 2017 | n/a | n/a | R84m |
| Sep 30 2017 | n/a | n/a | R79m |
| Jun 30 2017 | R3m | R3m | R73m |
Compensation vs Market: Hein's total compensation ($USD707.48K) is above average for companies of similar size in the ZA market ($USD319.38K).
Compensation vs Earnings: Hein's compensation has been consistent with company performance over the past year.
CEO
Hein Engelbrecht (54 yo)
1.9yrs
Tenure
R13,455,000
Compensation
Mr. Hein Engelbrecht, BCom (Hons), CA (SA) is Chief Executive Officer at Mustek Limited from June 30, 2022 and was its Managing Director. He serves as the Chief Operating Officer of Mustek Ltd. and has bee...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| COO, CEO & Executive Director | 1.9yrs | R13.46m | 3.04% ZAR 15.7m | |
| Group Financial Director & Director | 1.8yrs | R5.36m | no data | |
| MD & Executive Director | 1.8yrs | R8.77m | 1.54% ZAR 8.0m | |
| Chief Technical Officer | no data | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| Managing Director of Rectron | no data | no data | no data | |
| Company Secretary | 11.4yrs | no data | no data |
1.8yrs
Average Tenure
49.5yo
Average Age
Experienced Management: MST's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| COO, CEO & Executive Director | 23.6yrs | R13.46m | 3.04% ZAR 15.7m | |
| Group Financial Director & Director | 1.8yrs | R5.36m | no data | |
| MD & Executive Director | 15.7yrs | R8.77m | 1.54% ZAR 8.0m | |
| Lead Independent Non Executive Director | 14.5yrs | R487.00k | no data | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 3yrs | R528.00k | no data | |
| Independent Non-Executive Director | 2.8yrs | R415.00k | no data |
3.0yrs
Average Tenure
52yo
Average Age
Experienced Board: MST's board of directors are considered experienced (3 years average tenure).