Controversy Among Stellantis Stakeholders Over Ex-Leader's €23.1 Million Compensation

Investors of Stellantis NV are expressing discontent with the company's payment policies after former CEO Carlos Tavares was granted a substantial €23.1 million (equivalent to $26.2 million) despite a year witnessing reduced sales and profits.

Investor Backlash Against Compensation

International investment firm Allianz Global Investors, along with advisory firms like Proxinvest, has urged stakeholders to reject the remuneration plan proposed for the Jeep manufacturer during the upcoming annual shareholders' meeting. Tavares' 2024 remuneration, in addition to an extra €12 million expected this year, has sparked criticism due to the downturn in demand in the American market, postponed launches in Europe, and ongoing disputes with public officials, dealership networks, and labor unions.