Newswire

Stellantis: talk of 100mn golden handshake for Tavares (2)

Manager quit as CEO on Sunday

Redazione Ansa

(ANSA) - ROME, DEC 2 - There is talk of Carlos Tavares getting a 100-million-euro golden handshake after Stellantis announced on Sunday that he was stepping down as CEO.
    The speculation is based on reports that he reportedly earned about 40 million euros a year over the last few years as chief of the Italian-American-French carmaker, making him the auto industry's best paid manager.
    "We won't miss Tavares," Luigi Sbarra, the leader of the CISL trade union, told Sky television.
    "Tavares never believed in union relations. He delocalized. He put the brakes on investment in Italy. He got to the point of challenging the State.
    "We think that his resignation will be a turning point". (ANSA).
   

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