Carlos Tavares’ salary could rise to 66 million euros

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France 2

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J.Duponchel, J.Poissonnier, A.Sylvain, N.Auer, R.Massini, A.Brodin – France 2

France Televisions

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 in 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 at around 10, 15 times the average total compensation of a CAC 40 chairman, 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 is in the values ​​of Stellantis to pay for performance”, advanced John Elkann, president of Stellantis. In front of the Sochaux factory (Doubs), an employee notices “66 million, it could create jobs here”.

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