Naspers CEO Bob van Dijk Raked In R235 Million In 2021

Naspers has published its integrated annual report for 2021, showing what its top executives were paid in the last year. Bob van Dijk, CEO of Naspers and its European-listed spin-off Prosus, took home the largest salary at the group in 2021, earning R235 million or $16.6 million) for the year.

Van Dijk total remuneration consists of:

• • • Fixed remuneration of $1.48 million or R20.9 million
    • Short-term incentives of $1.42 million or R20.1 million
    • Long-term incentives of $13.6 million or R192 million
    • Pension, Medical insurance, life and disability insurance of $1,42 million or R20.1 million

While Naspers and Prosus chief financial officer Basil Sgourdos was paid a total remuneration of R147 million or $10.4 million.

Naspers said executive directors’ remuneration is designed to drive the long-term success of the company. In full-year 2021, the CEO remuneration comprised of 91% variable pay; for the CFO that was 89%, the company said.

“We entered the year with confidence, from a position of strength and with momentum in all our core segments. We move forward from the year with even more conviction that we are on the right path,” said van Dijk.

Group revenue grew 32% to $29.6 billion, and trading profit increased 45% to $5.6 billion.

“While dealing with the pandemic, we maintained our strategic focus throughout the year. Our strategy has always been to back and build businesses that improve people’s everyday lives. We do this by understanding both people’s day-to-day needs and technology’s advances – working in the space where these two fundamentals intersect,” he said.

“In this way, we have grown to become a top 10 global consumer internet company and one of the largest technology investors in the world.

“Today, the entrepreneurs and teams at the heart of our investments and companies improve the daily lives of millions of people. They enable people to buy and sell online, easily order meals delivered quickly to their homes, access important financial services that traditional banks will not provide to them, educate themselves without ever visiting a classroom, and much more; and they help to satisfy that most basic of human needs, the ability for people to connect and interact with each other – vitally important during the pandemic.”

Also read: Prosus Taps Softbank Executive Ervin Tu As Group Chief of Investments, Strategy, and M&A