Stellantis’ CEO Earned What The Average Worker Makes In 82 Years In A Year Of Crisis

  • Antonio Filosa missed bonuses after a net loss at Stellantis.
  • Despite his late 2024 exit, Tavares still earned $14 million.
  • The former Stellantis boss made nearly $40 million in 2023.

Running a global car giant has never been a poorly paid gig, and Stellantis boss Antonio Filosa is finding that out firsthand. In his first year after taking over from Carlos Tavares, Filosa collected a healthy €5.4 million, or $6.37 million.

His compensation package included a €1.4 million ($1.65 million) base salary, plus €374,000 ($440,000) in fringe benefits covering transportation, vehicles, insurance premiums, and other allowances. He also receives allowances tied to his role as North American chief operating officer, along with €1.5 million ($1.77 million) in long-term incentives that have yet to be paid, and post-retirement benefit expenses.

Filosa could have earned several million more through an annual incentive plan. However, since Stellantis didn’t reach positive cash flow last year and instead posted a net loss of $26.3 billion, he was ineligible for these incentives, The Detroit News reports.

Executive To Worker Pay Ratio

Stellantis’ CEO Earned What The Average Worker Makes In 82 Years In A Year Of Crisis

Nevertheless, Filosa’s 2025 compensation was still about 82 times higher than that of the average Stellantis employee, who earns roughly $78,000. That is a significant gap, even if it looks restrained next to what his predecessor collected. For many Stellantis workers, though, the real concern this year was not executive pay, but the absence of any bonus at all.

Read: $0 Bonus Leaves Furious Stellantis Workers Feeling ‘Screwed’

For the first time in years, hourly UAW-represented workers at Stellantis will receive no profit-sharing bonus after the company posted a $2.2 billion loss in North America. Under the union contract, payouts are tied directly to profit margins. No margin means no check. The zero payout has prompted sharp criticism from union leaders, especially as Ford and GM workers are still set to receive bonuses worth several thousand dollars.

The Old Boss

Stellantis’ CEO Earned What The Average Worker Makes In 82 Years In A Year Of Crisis
Carlos Tavares

Although Carlos Tavares was ousted as Stellantis CEO in late 2024, he still earned €12 million ($14 million) last year thanks to a hefty severance and a €10 million ($11.7 million) performance incentive. However, this was nowhere near what Tavares had been earning previously.

Read: Filosa’s Fix Means Killing Stellantis’ Own Strategy And Maybe A Few Brands

Wind back to 2023 and the numbers swell dramatically. Tavares earned a truly staggering €36.5 million, the equivalent of $39.5 million at the time. Around €26.1 million ($28.2 million) of that came from long-term incentives, largely tied to a new transformation incentive that paid out after Stellantis achieved three of seven performance milestones.

Those targets included reaching a 15 percent low-emission vehicle sales mix in Europe, launching production of e-motors, and beginning output of a new electrified dual-clutch transmission.

In 2024, his compensation dropped to €23 million ($24 million). Not insignificant, especially considering the company’s net profits fell by 70 percent that same year.

Stellantis’ CEO Earned What The Average Worker Makes In 82 Years In A Year Of Crisis

The Auto World

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