The CEO of Harmony Gold, Peter Steenkamp, makes ZAR18.00 million per year in total compensation.
Understanding Harmony Gold CEO's Compensation
Peter Steenkamp, who was appointed as the Chief Executive Officer of Harmony Gold Mining in January 2016, has a tenure of approximately 8.92 years. His annual compensation package is structured to include both a base salary and performance-based incentives, reflecting a common approach in executive remuneration.
Compensation Breakdown
The total yearly compensation for Peter Steenkamp is ZAR18.00 million, which is comprised of the following components:
| Component | Percentage | Description |
|---|---|---|
| Salary | 56.7% | Represents the fixed portion of his annual earnings. |
| Bonuses | 43.3% | Includes company stock and options, tying a significant portion of his pay to company performance and shareholder value. |
| Total | 100% | ZAR18.00 million |
This structure ensures that a substantial part of his remuneration is linked to the company's operational and financial achievements, aligning his interests with those of the shareholders.
CEO Share Ownership
In addition to his annual compensation, Peter Steenkamp also holds a direct ownership stake in Harmony Gold Mining. He directly owns 0.12% of the company's shares. As of the latest valuation, these shares are worth MX$124.07 million, further connecting his financial success to the overall performance and market value of Harmony Gold.
