Antonio Filosa, the newly appointed CEO of Stellantis, is set to receive a minimum annual compensation of $4 million during his first two years in the top job—a figure that could soar to as much as $23 million annually from 2028, according to a company document. While his future earnings package is undeniably substantial, it will still be lower than that of his predecessor, Carlos Tavares.
Filosa, who officially assumes the role at the end of the month, steps into leadership at a critical time. With responsibility for household-name brands like Chrysler, Peugeot, and Jeep, his mission is clear: reverse the automaker’s lagging performance and reclaim lost market share in the United States.
His base salary is set at $1.8 million per year—slightly below the €2 million ($2.3 million) base compensation received by Tavares, as detailed in documents released ahead of Stellantis’ July 18 extraordinary general meeting.
In addition to his base pay, Filosa is eligible for annual bonuses tied to performance metrics. These bonuses could reach up to 400% of his salary, depending on the achievement of strategic financial and business objectives outlined by the company.
On the equity front, Filosa is in line to receive long-term incentive (LTI) awards in the form of shares, conditional on company performance. These LTIs start at a potential 500% of his base salary this year and could climb to as high as 780% from 2027. Until those equity incentives begin paying out in 2028, Stellantis will award him a supplementary $1.2 million in cash annually to bridge the gap.
Tavares, who departed unexpectedly last December following disagreements with Stellantis’ board regarding strategic direction, exited with a generous €35 million compensation package—even amid a troubling downturn in sales, profits, and strained ties with dealers, suppliers, and investors. That same year, despite operational turmoil, Tavares’ total pay reached €36.5 million, buoyed by the company’s record-breaking performance.
Beyond salary and incentives, Filosa’s benefits extend into additional lucrative territory. He will be enrolled in Stellantis’ U.S. healthcare and retirement programs, receive tax equalization support, and enjoy perks such as personal use of company-owned jets and vehicles, executive-level security, and comprehensive annual medical examinations.
Filosa’s term as CEO is locked in for five years, a move aimed at ensuring leadership continuity during a time of sweeping industry transformation. This duration, the company believes, will maximize its ability to adapt effectively to long-term market shifts and disruptions.
As per the filing, Filosa will be formally appointed to Stellantis’ executive board during the upcoming extraordinary general meeting on July 18—a significant milestone in what’s expected to be a transformative period for both the automaker and its new chief executive.
