Carlos Tavares Got $24 Million As Stellantis Crashed And Burned

Carlos Tavares obtained $ 24 million while Stelllantis crashed and burned


The ousted executive also obtains a bonus of $ 10.4 million this year

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    Carlos Tavares obtained $ 24 million while Stelllantis crashed and burned

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  • The former CEO of Stellantis, Carlos Tavares, won $ 23.9 million last year.
  • He will obtain an additional $ 12.5 million this year in departure compensation and bonuses.
  • While Tavares deployed its golden parachute, the net profit from Stellantis dropped 70% in 2024.

Stellantis’ net profit dropped from 70% last year to € 5.5 ($ 5.8 / £ 4.5 dollars thanks in part to a 15% drop in American sales. Almost all brands were in red with RAM falling 100,437 units in a single year.

Although there is no lack of blame to do, a large part can be repressed to the old CEO Carlos Tavares. He suddenly resigned on December 1 after the internal conflicts took place.

Plus: the CEO of Stellantis, Carlos Tavares, suddenly resigns after the tensions of leadership reached the point of rupture

It is not exactly that goes on a high note, but Tavares laughs to the bank thanks to a salary reported of € 23 ($ 23.9 / £ 19). Although it is more than many of us will earn our lives, Reuters reports that the old executive has seen its remuneration drop by 37% compared to 2023.

However, Tavares still wins Bank because a regulatory file has revealed that the former boss will get € 2 ($ 2.1 / £ 1.7) million dismissals as well as a € 10 bonus ($ 10.4 / 8.3) million dollars this year. The latter is the result of the company that has reached several milestones under its watch.



    Carlos Tavares obtained $ 24 million while Stelllantis crashed and burned

Although Tavares’ mandate does not tenderly remember, he won much more than ordinary Stelllantis employees. They received on average € 66,000 ($ 68,457 / £ 54,462), which was down 6% compared to the previous year. This drop could be linked to efforts to recruit engineers from countries like Brazil, India and Morocco to reduce development costs.

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    Carlos Tavares obtained $ 24 million while Stelllantis crashed and burned

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