With a gain of 19 million euros, Carlos Tavares had pranced at the top of the best paid bosses of the CAC 40 for the year 2021. Which had not failed to arouse controversy, up to the top of the State . Emmanuel Macron then judged in April 2022 “shocking and excessive” the amount “astronomical” of his compensation.
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The shareholders of the Stellantis automobile group, resulting from the merger in 2021 of Peugeot-Citroën and Fiat-Chrysler, had themselves little taste of the said sum which they had rejected during their general meeting. But their vote was only advisory, according to the regulations in force in the Netherlands where the company is based.
Compensation of 23.5 million euros
The outcry could be heard again this year, as Stellantis posts record results and a net profit of 16.8 billion euros for 2022. This result was achieved thanks to the increase in car prices, while the number of vehicles sold has fallen.
The compensation of its CEO should still benefit. According to the group’s annual financial report published this Saturday, February 25, this should amount to 23.5 million euros for 2022, i.e. 4.5 million euros more than in 2021. is the sign that “the business is doing well” justified the interested party on the airwaves of RTL on February 24.
Automotive: Stellantis posts record profit of 16.8 billion euros
In detail, Carlos Tavares has already received €14.9 million for salaries, bonuses and retirement last year. Most of its income (91%) is variable and subject to its performance, specifies Stellantis. In addition to bonuses linked to the increase in the group’s share or the reduction in CO2 emissions, there is also a transformation bonus for the switch to electricity. This bonus could reach €25 million in several installments between now and 2025. The first objective, to exceed 15% of electric and hybrid sales on the European market, has indeed been largely achieved.
Stellantis will also pay 4.2 billion euros in dividends to its shareholders. The 264,000 employees will share 2 billion euros in the form of bonuses. That is, for an employee in France, a minimum of €4,300 gross. Profit sharing for employees deemed insufficient by several unions.
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