Stellantis paid the property of former Fiat Chrysler boss Sergio Marchionne extra final yr than Carlos Tavares, the automaker’s present CEO.
The Jeep, Ram and Peugeot maker paid Marchionne’s property 26 million euros ($29.1 million), in contrast with the 19.2 million-euro compensation for Tavares, Stellantis mentioned in its annual report.
The sum put aside for the property of Marchionne, who died instantly in 2018, included obligations from his employment contract and “legacy board funds” from when he was head of Fiat Chrysler Cars, in line with the doc launched Feb. 25.
The annual report is the corporate’s first because it was shaped from a merger between FCA and PSA Group greater than a yr in the past.
Tavares spearheaded the mix and is below strain to make good on pledges for five billion euros in synergies and an accelerated shift to electrical autos.
Stellantis didn’t instantly reply to a request for remark.
Tavares is scheduled to stipulate the corporate’s longer-term technique on Tuesday in Amsterdam.