Stellantis CEO to Make More in His Initial Year Than Most Will Throughout Their Lifetime, Yet Still Lags Behind Competitors | Carscoops

Stellantis CEO to Make More in His Initial Year Than Most Will Throughout Their Lifetime, Yet Still Lags Behind Competitors | Carscoops

      Taking the helm of one of the largest automotive manufacturers in the world comes with a lucrative salary, but it doesn’t quite match what your predecessor made—at least for the time being.

      New Stellantis CEO Antonio Filosa has the potential to earn up to $10.2 million by 2025.

      Former CEO Carlos Tavares made about $40 million in 2023.

      Filosa's pay is less than that of GM CEO Mary Barra and Ford CEO Jim Farley.

      Imagine starting a new job with the prospect of making $10.2 million in your first year. That’s the amount that Antonio Filosa could earn as the new head of Stellantis. However, this figure is significantly lower than what his predecessor and several other executives in the automotive sector receive.

      A recent report from Stellantis indicates that Filosa’s base salary for the upcoming year will be $1.8 million. Furthermore, he could be eligible for a short-term incentive that may provide up to 400% of his base salary in his first year, potentially increasing to 500% for 2025-2026 and reaching up to 780% in subsequent years.

      He is also set to receive a $1.2 million cash payment until he qualifies for long-term incentives in 2028, along with tax equalization benefits to mitigate taxation in various countries, totaling $975,000 per year until the end of 2026 as per his current contract. Clearly, leading one of the globe's major car manufacturers is financially rewarding.

      Nonetheless, Filosa's earnings will be significantly less than those of his predecessor, Carlos Tavares. In 2023, Tavares, a Portuguese executive, earned around $40 million while guiding Stellantis and subsequently made $23.9 million in 2024. Like Filosa, Tavares was appointed for a five-year term but resigned after 3.5 years, and it is reported by Auto News that he will receive an estimated $40 million following his departure, which includes deferred compensation.

      How Filosa Compares Within the Industry

      Mary Barra, the General Motors CEO, and Jim Farley, the Ford CEO, are also enjoying compensation packages that exceed Filosa's earnings. Last year, Barra's total compensation reached $29.5 million, while Farley earned $24.9 million.

      Filosa’s salary aligns more closely with those of executives at automakers outside the U.S. For instance, VW CEO Oliver Blume earned about €10.35 million (around $11.8 million) last year, while Renault’s Luca de Meo took home approximately €5.5 million (about $6.2 million). In addition, Akio Toyoda, chairman of Toyota, received roughly $10 million, and Hyundai's CEO Euison Chung earned 11.5 billion won, which is approximately $8.8 million.

Stellantis CEO to Make More in His Initial Year Than Most Will Throughout Their Lifetime, Yet Still Lags Behind Competitors | Carscoops Stellantis CEO to Make More in His Initial Year Than Most Will Throughout Their Lifetime, Yet Still Lags Behind Competitors | Carscoops Stellantis CEO to Make More in His Initial Year Than Most Will Throughout Their Lifetime, Yet Still Lags Behind Competitors | Carscoops

Other articles

Frank Lloyd Wright’s Overlooked Food Truck Concept Inspired a New Airstream Trailer. Frank Lloyd Wright’s Overlooked Food Truck Concept Inspired a New Airstream Trailer. The $185,000 Airstream Frank Lloyd Wright Usonian Limited Edition Travel Trailer incorporates several of the renowned designer's principles into a camper. Chrysler is on the verge of becoming a 'test case.' Chrysler is on the verge of becoming a 'test case.' The existing strategy for Chrysler? "Change direction." Young Buyers are Purchasing Fewer New Cars, and Who Can Blame Them? | Carscoops Young Buyers are Purchasing Fewer New Cars, and Who Can Blame Them? | Carscoops High monthly car payments and shifting perspectives on vehicle ownership are contributing to a decline in registrations among the 18-34 age demographic. Observing BMW M's inaugural electric vehicle speed around the Nürburgring feels as though something is absent | Carscoops Observing BMW M's inaugural electric vehicle speed around the Nürburgring feels as though something is absent | Carscoops It's difficult to envision a scenario where the electric M3 sells nearly as many units as the internal combustion engine version. Constructing this flatbed Oldsmobile Bravada work truck required 500 hours. The effort is evident. Constructing this flatbed Oldsmobile Bravada work truck required 500 hours. The effort is evident. The attention to detail in this labor of love is remarkable. I doubt that General Motors itself could produce something this pristine straight from the factory. Hatchbacks and Sedans Make a Comeback as Kia Takes on SUV Supremacy | Carscoops Hatchbacks and Sedans Make a Comeback as Kia Takes on SUV Supremacy | Carscoops Kia is bringing back hatchbacks and estates along with sedans to compete with SUVs, focusing on Europe with new models scheduled for release this year.

Stellantis CEO to Make More in His Initial Year Than Most Will Throughout Their Lifetime, Yet Still Lags Behind Competitors | Carscoops

Holding the position at one of the largest automotive companies globally comes with a good salary, but it's not as high as what your predecessor earned, at least for the time being.