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).
