Old Mutual CEO gets R300m to drive shares to hit R20

Jurie Strydom, the new CEO of Old Mutual, could earn as much as R300 million under a new out-performance plan designed to “unlock significant and sustained shareholder value”.

- Hilton Tarrant

RISING. The group has increased Jurie Strydom's minimum shareholding requirement to 300% of his total guaranteed remuneration. He has five years to get there. Picture: LinkedIn

(LinkedIn)

The board admits that “since 2018, the company’s share price has not met expectations and continues to trade at a discount to group equity value”.

This new incentive is “structured to align executive performance directly with the long-term interests of shareholders”.

Strydom, who joined as CEO earlier this year after Iain Williamson indicated his decision to retire, was previously CEO of Alexforbes Life, Regent Insurance, and Sanlam Life and Savings. He was also an executive director of Imperial Holdings.

To receive the maximum value of R300 million, Strydom needs to get the Old Mutual share price to R21.74 (or higher) by 12 May, 2030, which is double the price of R10.87 from 12 May 2025 when he started in the role.