Stellantis' New Boss Antonio Filosa's Compensation Package Unveiled, Replacing Carlos Tavares in the Top Position
Cracking the Enigma of Stellantis' CEO-to-Be: Antonio Filosa's Financial Fact-Find
The veil has been lifted off the mystery surrounding Antonio Filosa's pocketbook. Our team dug deep and found the juicy details of his compensation package as he steps into the big leagues as Stellantis' upcoming CEO, revealed in documents released on June 5th. They say history repeats, but will this be the case with Antonio's compensation when it comes to succeeding Carlos Tavares?
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The wind of change is imminent at Stellantis. On July 18th, 2025, the organization will gather for a special shareholders' summit. On the agenda - a vote on Antonio Filosa's appointment as the company's CEO, to take the reins from Carlos Tavares.assuming all goes according to plan, he should officially ascend the throne following the vote. June 5th saw the public release of AG documents that contained eye-opening numbers.
Whilst Filosa has been an integral part of the Stellantis team for 25 years and counting, his initial base salary is set lower than that of his predecessor, Carlos Tavares. He'll start at a base $1.8 million (estimated €1.6 million). For context, in the year of 2021, when Tavares first gripped the helm at Stellantis, his base salary was €2 million[1]. However, it's worth noting that Tavares was older at the time of his appointment, being a seasoned 62, while Filosa is just turning 52 in June.
Just how high could Filosa's remuneration scale?
It's not just about the base salary. Depending on his performance, the new Stellantis CEO could be in line for various bonuses. Notably, he could bag an annual bonus of up to 400% of his base pay, equivalent to $7.2 million[2]. Additionally, a "long-term" bonus of up to 500% of his base salary for 2025, translating to a whopping $9 million in performance shares, will be awarded to him. If Filosa performsmiracles for Stellantis, he could potentially bring home as much as $18 million (around €15.7 million) in his maiden full year at the helm[1]. Comparatively, Carlos Tavares received around €35 million in his farewell year at Stellantis.
Carlos Tavares: Golden Goodbyes continue past the exit
However, performance shares often find their way to shareholders later. In the meantime, Stellantis has planned a warm welcome bonus for Filosa. "The company will dish out a cash bonus of $1.2 million in 2025, 2026, and 2027, providing the CEO is still on the payroll on those dates", Stellantis reveals[2]. The package is completed with relocation and future pension benefits. With lofty responsibilities come great rewards: the new CEO will need to elevate the group's sales, reaffirm investor confidence, make plans for certain European plants, and chart a strategy for electric vehicles. Let's see if he walks the walk!
Categories:
- Stellantis
- CEO Compensations
- Executive salaries
- remuneration
- In the upcoming Stellantis shareholders' summit on July 18th, 2025, a vote on Antonio Filosa's appointment as the company's CEO is on the agenda, signaling his potential entry into the industry's top leadership position.
- Antonio Filosa's remuneration package includes base salary, performance bonuses, long-term incentives, and additional benefits, creating a potential total compensation of up to $23 million annually by 2027, if all targets are met, thereby demonstrating the actions and finance supporting business decisions at Stellantis.
