South African executive Anton De Bruyn’s salary at Shoprite amounts to $1 million
In the realm of corporate leadership, Anton De Bruyn stands as a formidable figure, steering the financial course of Shoprite Holdings. As the chief financial officer (CFO) and executive director at Shoprite, De Bruyn’s contributions have been nothing short of transformative, solidifying his position as an instrumental force within the retail giant.
De Bruyn, a highly regarded business executive boasting decades of experience within South Africa’s retail services sector, has effectively held the reins as CFO and executive director of Shoprite holdings since his appointment in 2018.
As CFO and Executive Director at Shoprite Holdings, Africa’s largest retailer, he received a total compensation of R18.52 million ($1.01 million) for his instrumental role in steering the leading retailer toward its impressive financial performance in 2022.
Under his leadership, Shoprite solidified its position as Africa’s largest supermarket retailer, with over $9 billion in annual sales and a workforce of more than 142,000 people throughout the African continent in over 3,152 stores.
De Bruyn’s 2022 compensation package comprises a secure base pay of R5.99 million ($323,500) and a performance-based short-term incentive of R4.81 million ($260,700) derived from the retailer’s exceptional performance during the fiscal year.
Moreover, he received a long-term incentive award amounting to R6.39 million ($345,000) as a result of his unwavering dedication to Shoprite and his wealth of experience and expertise as a seasoned professional at the helm of the group.
The 51-year-old South African multimillionaire business executive, who also occupies a position on the board of Shoprite Holdings, sits comfortably on the board of Shoprite Checkers Pty Ltd. and Shoprite Investments Ltd., making strategic financial decisions in the interest of the leading retail conglomerate.
Having held the esteemed position of CFO and executive director at Shoprite Holdings for more than five years, De Bruyn’s steadfast commitment and astute financial acumen have garnered him notable recognition and led to impressive financial milestones for the group.
Under De Bruyn’s guidance, Shoprite Holdings has witnessed remarkable growth in key financial indicators. Notably, net interest income and headline earnings have experienced a substantial boost since his tenure as CFO and executive director, a testament to his strategic insight and financial prowess.
In 2022, De Bruyn together with Shoprite CEO Pieter Engelbrecht led the retailer to impressive financial heights as its profits soared from R4.86 billion ($262.9 million) in 2021 to R5.74 billion ($310.5 million) at the end of its 2022 fiscal year, while its total assets expanded from R77.07 billion ($4.17 billion) to R91.46 billion ($4.94 billion).
Apart from his executive and financial governance responsibilities at the leading retailer, De Bruyn’s investment portfolio includes a minority 0.024-percent stake in Shoprite holdings, underscoring his alignment with the group’s performance and prospects. His stake is worth R33.65 million ($1.82 million).