Bumper paydays for FirstRand and FNB CEOs
Alan Pullinger and Jacques Celliers raked in a combined R90m in financial 2022 even after their short-term incentives were curbed
12 October 2022 - 15:09
FirstRand CEO Alan Pullinger and Jacques Celliers, his counterpart at retail banking subsidiary FNB, were among the two best-paid senior executive directors in the financial services group’s latest financial year.
FirstRand’s most recent remuneration report shows Pullinger’s total pay package increased by just over 6% to R48.286m for the year to end-June 2022. The amount included R9.622m in guaranteed pay, R13.824m in performance-related short-term incentives (STIs), and R24.84m in long-term incentives (LTIs)...
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