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South African Executive Niall Lynch’s 2023 Salary Hits $1 Million Mark

Niall Lynch, the COO of Motus Aftermarket Parts, a division of Motus Holdings, received a total salary package of R18.15 million ($1 million) from the global automotive corporation in 2023.

Lynch’s 2023 pay package is a 53.69 percent increase over the previous year’s total incentive of R11.81 million ($0.62 million), reflecting Motus Holdings’ strong financial performance during the time under consideration.

The remuneration plan includes a base salary of R4.35 million ($0.23 million) with a short-term incentive of R3.96 million ($0.21 million). He also received a long-term reward of R9.84 million ($0.52 million).

Motus Holdings, a major multinational automotive business, has strengthened its position as a global automotive solutions supplier, with a strong presence in key areas like South Africa, the United Kingdom, Australia, South East Asia, Southern Africa, and East Africa.

Lynch, a 13-year veteran of the company, has held several franchise director positions in retail and rental units. He formerly led Renault South Africa (now Motus Vehicles Distributor) and was CEO of Hyundai Automotive South Africa for seven years.

He just took on the post of COO for the Aftermarket Parts division, effective July 1, 2023, after leaving his position as CEO at Hyundai South Africa.

In 2023, Motus reported outstanding financial performance, growing revenue by 15.6% to R106.32 billion ($5.63 billion) from R91.98 billion ($4.87 million) in 2022. The company’s assets also increased dramatically, rising 57 percent to R62.55 billion ($3.31 billion) in 2023 from R39.82 billion ($2.11 billion) in 2022.

Aside from his executive positions, Lynch owns a 4.76 percent indirect investment in Motus Holdings Limited, or 8,247,167 shares, which are currently valued at R826.12 million ($43.4 million).

This strategic alignment of personal interests with the company’s success demonstrates Lynch’s dedication to Motus’ long-term success, as well as his significant role as a key shareholder.

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