Stellantis: Carlos Tavares’ salary could amount to 66 million euros – franceinfo

Published on 04/14/2022 20:40 Updated on 04/14/2022 23:43 France 2 Article written by J.Duponchel, J.Poissonnier, A.Sylvain, N.Auer, R.Massini, A.Brodin – France 2 France Télévisions Thursday, April 14, the salary of the CEO of Stellantis, ex-PSA group, is controversial. Carlos Tavares will receive 19 million euros, to which could be added 47 million euros in bonus. Carlos Tavares, CEO of the Stellantis group, ex-PSA group, will receive a salary of 19 million euros, including 2 million fixed salary. The boss could touch 47 million more if he meets his objectives. A salary of 66 million would be a record for a French boss. “We are around 10, 15 times the average total compensation of a CAC 40 president, so it’s completely disproportionate,” says Loïc Dessaint, CEO of Proxinvest. This remuneration was rejected, Wednesday, April 13, by the shareholders of the company, during a general meeting. This vote has been taken into account by the management, which still wishes to attribute this salary to Carlos Tavares. “It’s in Stellantis values ​​to pay for performance,” said John Elkann, president of Stellantis. In front of the Sochaux factory (Doubs), an employee notes “66 million, that could create jobs here”. Share: Share on Twitter Share on Facebook Share by email Share link