New Stellantis Boss To Take Less Pay Than Former Boss

It’s a vote that leaves no room for doubt: this Friday, July 18, 2025, 99.2% of Stellantis shareholders approved the appointment of Antonio Filosa as executive director, formalizing his entry onto the board of directors. Already appointed CEO at the end of May to succeed Carlos Tavares, the 52-year-old “Marchionne Boy” (like Luca de Meo) is now fully in charge of the world’s fourth-largest carmaker. Chairman John Elkann, heir to Fiat, praised the career of this engineer, who joined Fiat in 1999 and became, in 2021, director of operations for South America. His rise within the group, for which he distinguished himself through his successes in the Brazilian and North American markets, convinced investors that he had Stellantis “in his blood.”

A salary more modest than that of Carlos Tavares

One point remained to be clarified: his compensation. While the salary of his predecessor, Carlos Tavares, had been widely criticized, Stellantis seemed unwilling to reverse its methods for the newcomer. The salary announced in June appeared less impressive. Only on the surface, because it was simply better presented. But ultimately, Antonio Filosa arrives with a lower base salary than his predecessor. His fixed annual salary amounts to $1.8 million (€1.6 million), compared to €2 million for Carlos Tavares in 2021. This choice reflects Stellantis’s desire to calm the controversy that had erupted around the €35 million Tavares received in 2024. However, the package remains substantial: Antonio Filosa will be able to receive an annual bonus of up to 400% of his base salary, or $7.2 million, and a long-term bonus of up to 500% ($9 million) in the form of performance shares. If he succeeds spectacularly, his total compensation could therefore approach $18 million (€15.7 million) for his first full year. And that’s not all: a sign-on bonus of $1.2 million per year for three years, as well as compensation related to his relocation and retirement, complete the package. But compared to Tavares, Antonio Filosa starts with a generally smaller budget, a sign of a context where salary restraint is monitored by shareholders and public opinion.

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