How much does Exxaro CEO earn?

Exxaro Resources Limited, one of South Africa’s largest and most prominent mining companies, is known for its significant contribution to the global mining industry. As a leader in the sector, Exxaro’s CEO, Nombasa Tsengwa, plays a pivotal role in steering the company toward new avenues, including clean energy minerals like copper and manganese. But how much does the CEO of Exxaro earn for this important role?

Nombasa Tsengwa’s Salary Breakdown

Nombasa Tsengwa, appointed as CEO in August 2022, has a total annual compensation package of ZAR 23.51 million. This impressive figure is made up of two key components:

  1. Base Salary – Tsengwa’s salary comprises 33.8% of her total compensation. This reflects a strong base income, consistent with her senior role and leadership at Exxaro.
  2. Bonuses and Stock Options – A substantial 66.2% of her annual compensation comes from performance-based incentives. These include bonuses, company stock, and stock options, ensuring that her earnings are tied to the company’s performance and growth.

Ownership and Long-Term Incentives

In addition to her salary and bonuses, Tsengwa has a 0.058% stake in Exxaro’s shares, valued at approximately $1.32 million. This ownership interest aligns her personal success with that of the company, motivating her to drive Exxaro’s performance and long-term strategy forward.

Strategic Leadership and Impact

Since her appointment, Tsengwa has focused on expanding Exxaro’s portfolio into clean energy minerals. This strategic shift away from coal, with an emphasis on minerals like copper and manganese, demonstrates her leadership in positioning Exxaro for a sustainable future.

Under her guidance, Exxaro is making strides in the renewable energy space, which is essential for diversifying the company’s assets and securing a prominent role in global energy transitions. This transition also ensures the company remains competitive and compliant with the evolving global energy market.

Conclusion

Nombasa Tsengwa’s ZAR 23.51 million compensation package is reflective of her senior leadership position at Exxaro and her strategic role in shaping the company’s future. With her base salary, bonuses, and stock options, Tsengwa’s earnings not only align her with Exxaro’s financial success but also reinforce her commitment to leading the company through a transformative period in the mining industry. As Exxaro continues to grow and evolve, it is clear that Tsengwa’s leadership will be integral in driving both the company’s current and future successes.

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