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Tribune News Service
Tribune News Service
Business
Breana Noble

Stellantis CEO's direct compensation nearly $19M in 2021

Stellantis FCA Tavares Jeep Ram

The CEO of the maker of Jeep SUVs and Ram pickup trucks received $18.9 million (16.8 million euro) in direct compensation during his first year leading Stellantis NV.

Carlos Tavares' compensation includes a special $1.91 million (1.7 million euro) retention benefit. His total remuneration — which includes retirement and fringe benefits such as use of company cars, insurance and tax preparation — was $21.5 million (19.2 million euro), according to a U.S. Securities and Exchange Commission filing.

Tavares' $19.6 million (17.5 million euro) remuneration without the retention benefit is about 298 times as much as the company's average employee compensation of $65,635 (58,475 euro).

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