By Staff Writer
The Boss of Africa’s Biggest Tech Firm Naspers, Bob van Dijk, Paid R28 million ($2.2 million) in 2017.
The highest paid executive was the company’s chief investment officer
The total remuneration included a (R14.2 million) $1.1 million in fixed pay and $973 000 in annual cash bonuses and performance-related payments.
This was revealed in the media and tech company’s 2017 integrated report, which showed that the top three executives earned a total of R80.1 million ($6.2 million).
Basil Sgourdos, Naspers’ financial officer was paid R17 million ($1.3 million), which includes a $443 000 in cash bonuses and performance-related payments.
While the company’s chief investment officer, Mark Sorour, received R33 million ($2.6 million), which includes a $1.7 million in cash bonuses and performance-related payments, making him the highest paid executive at Naspers in 2017.
Mark Sorour is responsible for mergers, acquisitions, and divestitures and therefore holds a role with a direct and significant impact on the group’s success. Therefore, 70% of his annual performance-related incentive is subject to a matrix whereby various deals attract different performance objectives
The top three executives also received shares, see below: