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

Strydom, who joined as CEO earlier this year, was previously CEO of Alexforbes Life, Regent Insurance, and Sanlam Life and Savings. 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 what the price was on 12 May 2025 when he started in the role. In structuring this, the group will acquire 13.8 million Old Mutual shares on the open market, to be held in escrow (a legal ringfence).

On Friday, the group granted Strydom share appreciation rights on double the number of those forfeitable shares. There are a number of provisos built into the plan, including that Strydom could get nothing at all should he fail to drive the share price up by at least 40%. Any increase over the R21.74 price is capped, meaning the maximum Strydom can receive is R300 million. Dividends that accrue over time will be reinvested into ‘dividend shares’, which will not subjected to the R300 million cap. Additionally, there are various termination and change-of-control provisions applicable until the end of the expiry of the holding periods.

• Read the full original of the report in the above regard by Garth Theunissen at Moneyweb
• Read too, Old Mutual dangles R300m carrot for new CEO – if he sparks an 80% share price rally, at News24 Business (subscription / trial registration required)

Get other news reports at the SA LabourNews home page