Home » South African executive Kerry Cassel earns $1.6-million salary in 2023

South African executive Kerry Cassel earns $1.6-million salary in 2023

Beyond the boardroom: Cassel's strategic alignment with Motus, a $0.52-million investment

by Feyisayo Ajayi
Kerry Cassel

South African business executive Kerry Cassel — the CEO of mobility solutions, and head of innovation and technology at Motus Holdings — received a total compensation package of R31.25 million ($1.65 million) in 2023 from the leading multinational automotive group.

Cassel’s compensation package, which underscores her contribution at the helm of the group’s operations, reflects a remarkable 89.17-percent increase compared to the previous year’s package of R16.52 million ($0.87 million).

The 2023 compensation package comprises a base salary of R5.44 million ($0.28 million) and a short-term incentive of R5.23 million ($0.27 million). Additionally, she received a long-term incentive of R20.53 million ($1.08 million).

Cassel’s journey: From Deloitte’s audit floors to spearheading innovation at Motus

Motus Holdings has solidified its standing as a leading global automotive solutions provider, boasting a strong presence across key markets such as South Africa, the United Kingdom, Australia, South East Asia, Southern, and East Africa.

Cassel joined Motus in 2002 after serving as an audit manager at Deloitte & Touche. Over the years, she has advanced through various senior positions within the group.

As CEO of mobility solutions & head of innovation and technology since July 2019, Cassel has overseen critical business operations, including claims and authorizations, product development, and information technology. She also serves on the boards of several South African subsidiaries.

Beyond the boardroom: Cassel’s strategic alignment with Motus, a $0.52-million investment

In the fiscal year 2023, Motus demonstrated robust financial performance, with a 15.59-percent revenue increase to R106.32 billion ($5.63 billion) from R91.98 billion ($4.87 million) in 2022. The company’s assets saw a significant uptick, surging 57 percent to R62.55 billion ($3.31 billion) in 2023 compared to R39.82 billion ($2.11 billion) in 2022.

Beyond her executive and governance roles, Cassel holds a 0.06-percent minority stake in Motus Holdings Limited, equivalent to 98,557 shares. At current market prices, this investment is valued at R9.82 million ($0.52 million), aligning her personal interests closely with the company’s overall success.

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