Waiting for the accounts to smile again, the annual report published on February 26 also shows the numbers of the rtop management salaries. And the most striking fact is that, even in 2025, the manager highest paid remains former CEO Carlos Tavares, despite having left the leadership of the group in December 2024.
Tavares the highest paid: almost 12 million after his farewell
The Portuguese manager has 11.928.066 euros collected in 2025, including fringe benefits. The amount is mainly composed of a transformation incentive of just under €10 million, tied to the objectives achieved in the 2021-2025 plan, and a severance payment of €2 million, equal to the maximum allowed by the Dutch Civil Code.
In 2024 Tavares had received over 23 million euros, of which approximately €20 million is largely linked to long-term incentives. Even in 2025, despite no longer holding office, he therefore benefited from additional bonuses accrued in previous years.
Filosa under half: 5,42 million for the new CEO
The new CEO, Antonio Filosa, took office in 2025 After serving as COO for North America, he earned a total compensation of €5.424.683. The fixed salary is €1.424.359, in addition to approximately €1,5 million in long-term incentives, nearly €2 million in variable components, €374 in fringe benefits, and €192 in post-retirement benefits.
The CEO will receive an annual bonus of up to 200% of his base salary upon achieving certain objectives, in addition to additional extraordinary share-based bonuses totaling €3,6 million through 2028, again subject to the achievement of pre-established targets.
Elkann gets "only" 2 million
Il president John Elkann Instead, in 2025, he received a total compensation of €2.450.938, composed of a €960 fixed base, €396 in fringe benefits, and just over €1 million in long-term incentives. In 2024, his compensation was higher, amounting to €2.797.278.
No bonuses in 2025 and the challenge of 2026
La Stellantis's compensation policy It is based on the "pay for performance" principle, with bonuses strictly tied to financial and strategic results. And in 2025, faced with negative results and an Industrial Free Cash Flow of -4,5 billion euros, key executives did not receive annual performance-related bonuses.
In the call with investors, Filosa called 2025 "a year of reset," necessary to reorganize operations and cover costs deemed essential to return to growth. "We expect a progressive improvement in 2026, which will be the year of execution," he explained, noting that in the second half of 2025, the group returned to revenue growth and that this momentum continued into the new year.
The CEO spoke about a encouraging rebound market share in Europe in January, with positive expectations also for February, and recalled that 325.000 units of “smart car” models – such as the Fiat Grande Panda, Citroën C3 and Opel Frontera – were delivered in 2025, with an 80% increase in orders on a year-on-year basis.
Management intends to turn this reset into concrete results by 2026.
