Stellantis, Elkann and Tavares' 2023 wages lowering. Here's how a lot they earn | EUROtoday

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The president of Stellantis, John Elkann, acquired complete compensation of roughly 4.8 million euros in 2023 (down from 5.85 million in 2022). This is what emerges from the 2023 Annual Report revealed by the corporate. More intimately, Elkann acquired a hard and fast remuneration (primary wage of roughly 924,000 euros and fringe advantages of roughly 684,000 euros) and a variable half (long-term incentives of roughly 3.2 million).

As for the opposite members of the board of administrators, vice-chairman Robert Peugeot acquired complete compensation of 216,927 euros and Andrea Agnelli a complete of 62,644 euros. As indicated within the report, there have been no will increase within the annual base salaries for Elkann and CEO Carlos Tavares (complete compensation of 36.5 million, together with long-term incentives of 13.5 million which can be awarded provided that they’re achieved within the subsequent particular efficiency targets) and no will increase are anticipated for 2024.

According to Elkann, 2023 «was a 12 months marked by new initiatives and vital objectives for Stellantis. Our mission to supply clear, secure and accessible freedom of mobility for all has by no means been extra vital, and the resilience of our colleagues, below the management of Carlos Tavares, has made the distinction.”

The latter echoes him: «I often use the phrase “actions speak louder than words” and in 2023 we have doubled our efforts on this mantra. We have once again demonstrated our ability to execute, innovate and transform into a sustainable mobility technology company, poised to exceed expectations.”