MTN Group requires that its executives buy and hold shares at a level in proportion to their annual fixed packages.
Browsing: Jens Schulte-Bockum
MTN Group chief operating officer Jens Schulte-Bockum will leave the operator when his contract expires in March.
MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration.
MTN Group CEO Ralph Mupita earned total remuneration in the 2021 financial year of R84.2-million – and he wasn’t the only top executive handsomely rewarded.
MTN Group plans to proceed with a public offer to sell up to 575 million shares in its Nigerian business.
Rob Shuter, the former president and CEO of MTN Group, received R68.1-million in remuneration, including R30.1-million in bonuses, in his final eight months at the emerging-markets telecommunications giant.
MTN Group said on Monday that it has appointed former McKinsey & Company executive Chika Ekeji to the newly created role of executive: strategy and transformation.
MTN Group CEO Rob Shuter was paid out a sign-on bonus of just R17.8-million in March. This is a sizeable figure but it’s less than half of the value indicated in March 2017, at the time he was awarded the bonus.
Leading MTN Group has come at an “enormous sacrifice”, outgoing CEO Rob Shuter said on Wednesday at a media conference following the presentation of the telecommunications operator’s 2019 financial results.
MTN Group CEO Rob Shuter was paid R42.9-million in the financial year ended 31 December 2018, up from R40.6-million in 2017, while other top executives were also handsomely rewarded.