Transportation
Stellantis Investors Back Ex-CEO’s €23.1 Million Payout
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Stellantis NV won support from shareholders for awarding former Chief Executive Officer Carlos Tavares €23.1 million ($26.1 million) for a year of declining sales and earnings.
Investors on Tuesday voted 67% in favor of the Jeep maker’s remuneration report in a non-binding vote at its annual general meeting in Amsterdam. The report included Tavares’ salary for 2024 and an additional €12 million in severance and milestone bonus payments he’ll receive this year.