Company Directors Report

COMPANY: SAPPI

-The primariy analysis is in USD. Remuneration is also shown in ZAR to accurately reflect felt increases.

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CEO Biography - USD:

Year End:Director Surname:Director Name:Director Gender:Full Year on Board?:Full year in position?:
2008 Boettger Roeloff J (Ralph) Male Yes Yes
2009 Boettger Roeloff J (Ralph) Male Yes Yes
2010 Boettger Roeloff J (Ralph) Male Yes Yes
2011 Boettger Roeloff J (Ralph) Male Yes Yes
2012 Boettger Roeloff J (Ralph) Male Yes Yes
2013 Boettger Roeloff J (Ralph) Male Yes Yes
2014 Boettger Roeloff J (Ralph) Male No No
2014 Binnie Stephen (Steve) R Male Yes Yes
2015 Binnie Stephen (Steve) R Male Yes Yes
2016 Binnie Stephen (Steve) R Male Yes Yes
2017 Binnie Stephen (Steve) R Male Yes Yes
2018 Binnie Stephen (Steve) R Male Yes Yes
2019 Binnie Stephen (Steve) R Male Yes Yes
2020 Binnie Stephen (Steve) R Male Yes Yes
2021 Binnie Stephen (Steve) R Male Yes Yes
2022 Binnie Stephen (Steve) R Male Yes Yes
2023 Binnie Stephen (Steve) R Male Yes Yes

CEO Remuneration - USD:

Financial Year:Salary:Benefits:Cash BonusOther:Total Annual:LTI Payment:Total Including LTI:
2008 601,858 171,880 183,898 0 957,635 0 957,635
2009 578,898 180,175 365,023 0 1,124,096 0 1,124,096
2010 751,337 0 0 226,252 977,589 0 977,589
2011 806,887 242,783 908,619 0 1,958,289 0 1,958,289
2012 759,126 227,478 483,471 0 1,470,075 0 1,470,075
2013 716,034 215,786 0 0 931,820 0 931,820
2014 901,234 260,454 857,847 4,738,780 6,758,315 0 6,758,315
2015 433,014 128,333 351,842 12,265 925,454 0 925,454
2016 386,767 91,638 438,082 12,050 928,537 0 928,537
2017 464,563 12,944 440,139 76,580 994,226 0 994,226
2018 558,318 85,129 525,830 14,907 1,184,184 701,472 1,885,656
2019 539,629 82,317 14,819 0 636,765 635,321 1,272,086
2020 539,629 14,819 82,317 0 636,765 635,321 1,272,086
2021 564,742 84,179 607,749 16,440 1,273,110 50,924 1,324,034
2022 549,242 355,672 673,307 96,866 1,675,087 0 1,675,087
2023 532,564 76,477 79,460 283,077 971,578 0 971,578

Executive Director Remuneration - USD:

Financial Year:No. of EDs:Total Salary:Cash BonusOther:Total Annual:
2008 2 870,568 1,397,594 435,284 698,797
2009 2 853,989 1,522,952 426,994 761,476
2010 2 1,110,748 1,471,585 555,374 735,793
2011 2 1,207,925 2,960,925 603,963 1,480,463
2012 3 1,196,488 2,508,000 398,829 836,000
2013 2 1,053,802 1,382,713 526,901 691,357
2014 3 1,234,287 7,416,248 411,429 2,472,083
2015 2 736,524 1,575,514 368,262 787,757
2016 2 656,727 1,576,989 328,364 788,495
2017 2 767,246 1,650,280 383,623 825,140
2018 2 881,196 1,882,967 440,598 941,484
2019 2 851,643 1,017,386 425,822 508,693
2020 2 851,643 1,017,386 425,822 508,693
2021 2 891,099 2,021,490 445,550 1,010,745
2022 2 866,767 2,613,289 433,384 1,306,645
2023 2 840,114 1,512,674 420,057 756,337

Non-Executive Director Remuneration - USD:

Financial Year:No. of NEDs:Total Fees:Average Fees
2008 12 1,143,893 95,324
2009 11 1,155,064 105,006
2010 14 1,294,795 92,485
2011 13 1,342,305 103,254
2012 13 1,394,506 107,270
2013 12 1,289,252 107,438
2014 12 1,350,715 112,560
2015 11 1,247,556 113,414
2016 13 2,714,396 208,800
2017 13 1,452,280 111,714
2018 11 1,299,998 118,182
2019 12 1,259,963 104,997
2020 12 1,283,796 106,983
2021 10 1,301,657 130,166
2022 11 1,371,437 124,676
2023 12 1,398,849 116,571

CEO Remuneration - ZAR:

Financial Year:Salary:Benefits:Cash BonusOtherTotal AnnualLTI PaymentTotal Including LTI
2008 4,977,364 1,421,445 1,520,835 0 7,919,644 0 7,919,644
2009 4,968,106 1,546,266 3,132,624 0 9,646,996 0 9,646,996
2010 5,320,216 0 0 1,602,092 6,922,308 0 6,922,308
2011 5,603,382 1,685,993 6,309,854 0 13,599,229 0 13,599,229
2012 6,121,984 1,834,500 3,898,960 0 11,855,444 0 11,855,444
2013 6,509,400 1,961,691 0 0 8,471,091 0 8,471,091
2014 9,486,674 2,741,621 9,029,968 49,881,895 71,140,158 0 71,140,158
2015 5,217,036 1,546,181 4,239,060 147,771 11,150,048 0 11,150,048
2016 5,525,243 1,309,114 6,258,314 172,143 13,264,814 0 13,264,814
2017 6,636,614 184,914 6,287,700 1,094,000 14,203,229 0 14,203,229
2018 7,975,971 1,216,129 7,511,857 212,957 16,916,914 10,021,029 26,937,943
2019 8,054,164 1,228,612 221,179 0 9,503,955 9,482,403 18,986,358
2020 8,993,817 246,983 1,371,950 0 10,612,750 10,588,683 21,201,433
2021 8,184,667 1,219,986 8,807,957 238,261 18,450,870 738,029 19,188,899
2022 9,635,825 6,239,860 11,812,404 1,699,404 29,387,491 0 29,387,491
2023 10,651,280 1,529,540 1,589,200 5,661,540 19,431,560 0 19,431,560

Executive Director Remuneration - ZAR:

Financial Year:No. of EDs:Total Salary:Total Annual RemunerationAverage SalaryAverage Remuneration
2008 2 7,199,594 11,558,106 3,599,797 5,779,053
2009 2 7,328,930 13,069,977 3,664,465 6,534,989
2010 2 7,865,206 10,420,295 3,932,603 5,210,148
2011 2 8,388,368 20,561,979 4,194,184 10,280,990
2012 3 9,649,097 20,225,806 3,216,366 6,741,935
2013 2 9,580,018 12,570,118 4,790,009 6,285,059
2014 3 12,992,495 78,065,768 4,330,832 26,021,923
2015 2 8,873,783 18,982,096 4,436,892 9,491,048
2016 2 9,381,814 22,528,414 4,690,907 11,264,207
2017 2 10,960,657 23,575,429 5,480,329 11,787,714
2018 2 12,588,514 26,899,529 6,294,257 13,449,764
2019 2 12,711,090 15,184,866 6,355,545 7,592,433
2020 2 14,194,050 16,956,433 7,097,025 8,478,217
2021 2 12,914,478 29,296,957 6,457,239 14,648,478
2022 2 15,206,439 45,847,175 7,603,219 22,923,588
2023 2 16,802,280 30,253,480 8,401,140 15,126,740