Stellantis CEO Carlos Tavares received a 56% boost in total compensation to 36.49 million euros ($39.5 million) in 2023, the Franco-Italian automaker said on Thursday.
Tavares received 23.47 million euros in cash and vested equity last year, including a 10 million euro transformation incentive to meet milestones tied to challenges the industry is facing on global mobility, technology and electric vehicles.
His package also includes 13 billion euros in long-term incentives linked to specific performance targets, which might not be achieved and result in full payment.
Read Article