MTN CEO paid $3.2m for 2019
MTN VP for the Middle East and North Africa, Ismail Jaroudi, was the top-earning prescribed officer, taking home R25m ($1.39m)
MTN CEO paid $3.2m for 2019
MTN Group has published its Integrated Report for the year ended 31 December 2019, in which it details how much its executives were paid.
MTN Group CEO Rob Shuter received a total remuneration package of R58.2m ($3.2m) in 2019, which included a R17.3m ($965,000) salary and R27.5m ($1.5m) in bonuses.
Shuter is set to step down from his position at the end of his four-year contract in March 2021.
Ralph Mupita, MTN Group CFO, earned a R9.1m ($507,000) salary and R13.4m ($746,685) in bonuses. Mupita also received R43.7m ($2.4m) in “other benefits” – taking his total remuneration for the year to R66.3m ($3.6m).
Among MTN’s prescribed officers, there were 10 names listed which earned a combined total of R167.6m ($9.3m).
MTN South Africa CEO Godfrey Motsa took home R15.6m ($868,233) in remuneration, which included a R7.3m ($406,159) salary and R6.8m ($378,339) in bonuses.
MTN VP for the Middle East and North Africa, Ismail Jaroudi, was the top-earning prescribed officer, taking home R25m ($1.39m), while MTN Group COO Jens Schulte-Bockum earned R23.9m ($1.33m).
