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MTN Group CEO Rob Shuter
CEO of MTN Group Rob Shuter received 42.9 million rand for the year ended December 31, 2018, up from 40.6 million rand in 2017, while the other top leaders were also rewarded.
Shuter's compensation consisted of a base salary of 15.3 million rand – compared to 11.5 million rand for 10 months of work in 2017 – plus bonuses of 25.3 million rand, and post-employment benefits of 1.6 million rand and R746,000 in other benefits.
The figures were disclosed in the annual report of MTN Group, published Wednesday.
The only other executive director of MTN, Ralph Mupita, chief financial officer, earned 22.5 million rand, including a base salary of 8.2 million and bonuses of 12.8 million. This compared to his total remuneration in 2017 of 17.7 million rand.
Source: MTN Group Annual Report
But Shuter and Mupita are not the only richly rewarded bosses of MTN.
Godfrey Motsa, CEO of MTN South Africa, for example, received 23.5 million rand in 2018, compared to 18.8 million rand in 2017. This salary includes a base salary of 6.9 million rand , two connection bonuses totaling 9 rand. -millions and other bonuses worth 5.7 million rand.
Source: MTN Group Annual Report
Group Chief Executive Jens Schulte-Bockum earned a total salary of 23.5 million rand (13.4 million Rand bonus), while MTN Nigeria CEO Ferdi Moolman received 21.3 million rand. million rand (7.7 million rand in bonuses). .
Ebenezer Asante (24 million rand) and Ismail Jaroudi (22.7 million rand) also received a salary of over 20 million rand in 2018.
Stephen van Coller, who left MTN in August 2018 to take over the position of CEO of the EOH Technology Services Group (JSE), received 6.7 million rand for eight months of service. He did not receive a bonus above his base salary of R5.4 million. – (c) 2019 NewsCentral Media
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