MTN Boss Rob Shuter Paid R58-m in 2019

Rob Shuter, the outgoing CEO of MTN Group, was paid R58.2 million in 2019 financial year.

The total package of R58.2 million was made up of a R17.3 million salary and a R27.5 million bonus, plus more than R10 million long term incentive bonus.

Shuter is leaving MTN next year at the end of his contract in March 2021.

Shuter joined MTN from Vodafone in 2016 to replace Sifiso Dabengwa.

He was the CEO of Vodafone’s European cluster.

Shuter is also a former CEO of Vodafone Netherlands and ex-Vodacom chief financial officer. He has extensive experience in telecoms and banking having held senior management roles at Vodacom Group, Standard Bank and Nedbank prior to joining Vodafone Group. For more read: MTN taps Rob Shuter as new CEO

For more read: MTN CEO Rob Shuter to Step Down Next Year

Ralph Mupita, Group CFO, was also well compensated, taking home a salary of R22.5 million and a bonus of R13.4 million for the year.

While Ferdinard Moolma, CEO of MTN Nigeria, received R21 million which includes R8 million bonus and a R9.6 million basic salary.

MTN SA CEO Godfrey Motsa was paid R15.6 million.

Executive directors remuneration

Prescribed officers remuneration