Edition:
India

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

6,200.00ZAc
12 Dec 2019
Change (% chg)

8.00 (+0.13%)
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Summary

Name Age Since Current Position

William Jardine

52 2018 Independent Non-Executive Chairman

Alan Pullinger

52 2018 Chief Executive Officer, Executive Director

Hetash Kellan

46 2014 Chief Financial Officer, Finance Director, Executive Director

Mary Vilakazi

41 2018 Chief Operating Officer, Executive Director

Carnita Low

2014 Company Secretary

Mary Bomela

45 2011 Non-Executive Director

Hermanus Bosman

49 2017 Non-Executive Director

Johannes Burger

59 2018 Non-Executive Director

Francois Knoetze

55 2016 Non-Executive Director

Paballo Makosholo

39 2015 Non-Executive Director

Thandie Mashego

40 2017 Non-Executive Director

Grant Gelink

69 2013 Independent Non-Executive Director

Russell Loubser

68 2014 Non-Executive Independent Director

Amanda Nzimande

48 2017 Independent Non-Executive Director

Louis Leon Von Zeuner

2019 Independent Non-Executive Director

Thomas Winterboer

62 2018 Independent Non-Executive Director

Biographies

Name Description

William Jardine

Mr. William Rodger (Roger) Jardine has served as Independent Non-Executive Chairman of FIRSTRAND LIMITED since April 1, 2018. He served as Independent Non-Executive Director of the Company between July 1, 2010 and April 1, 2018. Roger was national coordinator of science and technology policy in the department of economic planning of the African National Congress from 1992 to 1995. In 1995, he became director general of the Department of Arts, Culture, Science and Technology. He was chairman of the board of the CSIR and the Nuclear Energy Corporation between 1999 and 2005. In 1999, Roger joined Kagiso Media Limited as CEO and in 2006 became the COO of Kagiso Trust Investments. Roger was the CEO of Aveng Limited between July 2008 and August 2013. In February 2014, he took up the position of chief executive of the Primedia Group. He was appointed to the boards of FirstRand Bank during 2004 and FirstRand Limited during 2010. He resigned from the position as Chief Executive Officer of Primedia Holdings (Pty) Ltd and Primedia (Pty) Ltd, effective 31 March 2018.

Alan Pullinger

Mr. Alan Patrick Pullinger MCom, CA(SA), CFA serves as Chief Executive Officer, Executive Director of the Company., effective 1 April 2018. He is no longer Group Deputy Chief Executive Officer of the Company since October 1st, 2015. Alan graduated from the University of the Witwatersrand in 1991 and qualified as a chartered accountant after serving articles at Deloitte & Touche. He spent five years with Deloitte & Touche and was appointed to the partnership in 1996. He joined Rand Merchant Bank in 1998 (prior to the creation of FirstRand Limited) and was appointed as CEO in 2008 until his promotion to deputy CEO of FirstRand on 1 October 2015.

Hetash Kellan

Mr. Hetash Surendrakumar (Harry) Kellan, BCom (Hons), CA(SA) serves as Chief Financial Officer, Finance Director, Executive Director of FirstRand Limited. Harry started his career with the FirstRand group in 2005 at FNB as group financial manager. He was appointed CFO of FNB in 2007, a position he held until his appointment to FirstRand as financial director in January 2014. Prior to joining FirstRand, Harry completed his articles with Arthur Andersen and qualified as a chartered accountant in 1998 after graduating from the University of the Witwatersrand in 1994. After completing his articles, he specialised in financial services at Arthur Andersen from June 1998 to August 2000, including a year at the London office. He then joined HSBC South Africa in September 2000 where he held the position of associate director in corporate finance.

Mary Vilakazi

Ms. Mary Vilakazi is Chief Operating Officer, Executive Director of the Company. Mary graduated from the University of the Witwatersrand in 1999 and qualified as a chartered accountant (2002) after serving articles at PricewaterhouseCoopers Inc. from 2000. Mary was admitted as a partner in 2005 in the Financial Services audit practice, specialising in Insurance and Investment management companies. After leaving the auditing profession in 2008, Mary took up the position of CFO of the MS group. She became a non-executive director of Metropolitan Holdings Board from 2009 before the merger with Momentum and thereafter a non-executive director of MMI Holdings board in 2010. She administered her own accounting, tax and advisory business from 2011 to 2014 and served on the boards of several entities, including MS Group subsidiaries, Kagiso Media Limited, Holdsport Limited and Development Bank of South Africa (DBSA) as well as MMI Holdings Limited. Mary joined MMI Holdings in May 2014 as CEO of Balance Sheet Management and became the group finance director in July 2015. She was then appointed as the deputy chief executive officer in June 2017 where she was responsible for Metropolitan and Momentum retail businesses. In 2016, Mary was nominated at the World Economic Forum as a “Young Global Leader”.

Carnita Low

Ms. Carnita Low serves as Company Secretary of the Company. She was appointed as FirstRand Limited’s company secretary in January 2014. She holds BA LLB, LLM – Tax, MBA.

Mary Bomela

Ms. Mary Sinah Bomela started serving as Non-Executive Director of FirstRand Limited on September 24, 2011 and resigned from this position as of 2020. BCom (Hons), CA (SA), MBA (University of Pretoria). Mary was appointed to the position of CEO of the Mineworkers Investment Company Proprietary Limited (MIC) in July 2010 and was appointed to the board in September 2011. Prior to joining the MIC, Mary was the CFO of Freight Dynamics and an executive in the corporate services division of the South African Institute of Chartered Accountants. She has held executive positions in the resources, media, utilities and financial services sector.

Hermanus Bosman

Mr. Hermanus Lambertus (Herman) Bosman BCom, LLB, LLM, CFA serves as Non-Executive Director of the company. Herman was with RMB for 12 years and headed up its corporate finance practice between 2000 and 2006. After serving as chief executive of Deutsche Bank South Africa from 2006 to 2013, Herman joined RMB Holdings Limited and Rand Merchant Investment Holdings Limited as the CEO on 2 April 2014.

Johannes Burger

Mr. Johannes Petrus (Johan) Burger serves as Non-Executive Director of the Company. He was Chief Executive Officer, Executive Director of the Company. Johan joined Rand Merchant Bank in 1986, where he performed a number of roles before being appointed financial director in 1995. Following the formation of FirstRand Limited in 1998, he was appointed financial director of the FirstRand banking group and in 2002 was appointed CFO of the FirstRand group. In addition to his role as group CFO, Johan was appointed as group COO in 2009 and deputy CEO in October 2013. He was appointed as CEO in October 2015. Prior to joining FirstRand, Johan completed his articles with Coopers & Lybrand (now PwC) and qualified as a chartered accountant in 1984. Johan graduated from University of Johannesburg (formerly RAU) with a BCom (Hons) (Accounting) in 1983.

Francois Knoetze

Mr. Francois (Faffa) Knoetze serves as Non-Executive Director of Firstrand Limited. since April 1, 2016. Faffa graduated from the University of Stellenbosch in 1984 and became a fellow of the Actuarial Society of South Africa in 1992. After starting his actuarial career at Sanlam as a marketing actuary in the life business, he spent most of his working career at Alexander Forbes, where he was the valuator and consulting actuary to a number of pension and provident funds, and carried the overall responsibility for the full service offering of Alexander Forbes to its retirement fund clients in the Stellenbosch region. He joined Remgro on 2 December 2013 and focuses on the company's interests in the financial services (insurance and banking) and sports industries.

Paballo Makosholo

Mr. Paballo Joel Makosholo serves as Non-Executive Director of the Company and FirstRand Bank, since 1 October 2015. Paballo graduated from the University of Johannesburg (formerly RAU) and qualified as a chartered accountant after serving articles at KPMG. He spent three years with KPMG in audit and corporate finance, and thereafter one year with Rothschild Investment Bank as an executive. He joined Kagiso Trust in 2006 and was appointed chief financial and investment executive, a position he held for ten years. He is currently chief operations officer at Kagiso Capital.

Thandie Mashego

Ms. Thandie Sylvia Mashego serves as Non-Executive Director of Firstrand Limited since January 1, 2017. Thandie is the CFO of WDB Investment Holdings, responsible for the overall financial and risk management of the group. She is also involved in transaction execution and investment monitoring. Prior to joining WDB Investment Holdings, Thandie spent two years as group CFO of Vantage Capital Group, a private equity fund manager. She also spent 11 years at the Industrial Development Corporation (IDC) in various roles, where she led a number of project and corporate finance transactions. In her last five years at the IDC, Thandie was responsible for the management of IDC’s private equity and loan investment portfolio in several sectors. She qualified as a chartered accountant in 2003 after completing articles at KPMG and Transnet Group Limited.

Grant Gelink

Mr. Grant Glenn Gelink, BCom (Hons), BCompt (Hons), CA(SA) serves as Independent Non-Executive Director of Firstrand Limited since January 1, 2013. Grant Gelink has had extensive work experience within Deloitte South Africa, which includes the following positions that span over 26 years – CEO (2006 to 2012), CEO: human capital corporation (2004 to 2006), managing partner: consulting and advisory services (2001 to 2006), and partner in charge Pretoria office (1997 to 1999). He was Member of the Audit Committee of the Company between 2016 and September 1, 2017. He has been Chairman of the Audit Committee of the Company since September 1, 2017. He stopped serving as Chairman of the IT Risk and Governance Committee of the Company as of November 30, 2017. He started serving as Member of the IT Risk and Governance Committee of the Company as of November 30, 2017. He was also appointed Member of the Remuneration Committee of the Company as of December 1, 2017.

Russell Loubser

Mr. Russell Mark Loubser serves as Non-Executive Independent Director of the Company and its wholly-owned subsidiary, FirstRand Bank Limited, since 5 September 2014. Russell was the CEO of the Johannesburg Stock Exchange (JSE) from January 1997 until December 2011. During his tenure, he conceptualised the demutualisation of the JSE, and it was converted into a public company in 2005 and listed in 2006. Prior to being appointed to the JSE, Russell was executive director of financial markets at Rand Merchant Bank Limited (RMB), which he joined in May 1985. He was part of the small team at RMB that started the stock index derivatives industry in SA in 1987. He was also a member of the King Committee on Corporate Governance for 15 years, a member of the Securities Regulation Panel of SA for 15 years and served on the board of directors of the World Federation of Exchanges (WFE) for approximately 13 years. Russell has also served as a council member of the University of Pretoria since 2007.

Amanda Nzimande

Ms. Amanda Tandiwe (Tandi) Nzimande started serving as Independent Non-Executive Director of Firstrand Limited on January 1, 2017 and resigned from this position as of 2020. Bachelors (University of Cape Town), CA (SA); H DIP Law (Wits University). She served as Non-Executive Director of the Company between February 28, 2008 and December 31, 2016. Tandi, a chartered accountant, has had a varied career since qualifying at KPMG in 1996. She worked as a corporate finance advisor at Deutsche Bank for five years, following which she acquired and ran a small business in the postal and courier industry for four years. During that period, she also consulted to WDB Investment Holdings, which she eventually joined as its chief financial officer, a position she vacated in May 2016. Her past board memberships include OUTsurance, Rennies Travel and Masana Fuel Solutions. Tandi has recently launched her own business focused on executive coaching. Tandi is a fellow of the Africa Leadership Initiative. She is also a member of the South African Institute of Chartered Accountants, African Women Chartered Accountants as well as the Association of Black Securities and Investment Professional.

Louis Leon Von Zeuner

Mr. Louis Leon von Zeuner has bee appointed as an Independent Non-Executive Director of the Company, effective February 1, 2019. Mr von Zeuner brings to the boards more than 30 years of banking experience and the Prudential Authority has confirmed that it has no objection to the appointment of Mr von Zeuner to the boards.

Thomas Winterboer

Mr. Thomas (Tom) Winterboer has served as Independent Non-Executive Director of FirstRand Limited since April 20, 2018. Tom joined Price Waterhouse in 1978 and left the firm after completion of his training contract in 1981 to join an investment bank. He rejoined the firm in 1982 and completed a two-year secondment in PwC’s London offices from 1986 to 1988 as a senior manager, serving clients in the financial services industry, and a variety of other industries. He was admitted to partnership in 1989. Tom was appointed as the firm’s banking leader since 1996 and later became financial services leader for PwC Africa where he was a member of the PwC Global Financial Services Leadership team. Tom developed and launched various banking and other financial services thought leadership material since 1996. He led services in assurance and advisory for the big four South African banks, foreign and smaller SA banks and for clients in many other industries. In August 2014, Tom was appointed as the curator for African Bank. The new African Bank was successfully launched in April 2016, after which he continued his work as curator for Residual Debt Services Limited (previously African Bank Limited) until March 2018.

Basic Compensation

Name Fiscal Year Total

William Jardine

2,848,000

Alan Pullinger

29,753,000

Hetash Kellan

16,921,000

Mary Vilakazi

--

Carnita Low

--

Mary Bomela

1,017,000

Hermanus Bosman

774,000

Johannes Burger

37,578,000

Francois Knoetze

2,239,000

Paballo Makosholo

1,731,000

Thandie Mashego

806,000

Grant Gelink

3,209,000

Russell Loubser

4,728,000

Amanda Nzimande

1,109,000

Louis Leon Von Zeuner

--

Thomas Winterboer

314,000
As Of  30 Jun 2018