Stellantis, the automotive giant behind Jeep, Chrysler, and Peugeot, has rolled out the red carpet for its new CEO, Antonio Filosa, with a salary package that could make a car enthusiast’s jaw drop faster than a Dodge Viper accelerating to 60 mph.
Starting June 23, 2025, Filosa will steer the company with a base pay of $1.8 million annually, a figure that’s slightly less than the $2.3 million his predecessor Carlos Tavares pocketed. But don’t worry, Filosa’s not exactly scraping by—his total compensation could balloon to a whopping $23 million a year by 2028, enough to buy a small army of fully loaded Jeep Wranglers.
Filosa’s paycheck comes with some serious horsepower in the form of bonuses. He can earn up to 400% of his base salary—$7.2 million—if he hits the company’s financial and business targets, which is like telling a kid in a candy store he can have four times his allowance if he behaves.
These targets include turning around Stellantis’ sagging U.S. market share and boosting performance after a rough patch that saw sales drop 15% in 2024 and 12% in Q1 2025.
But wait, there’s more! Filosa’s also getting long-term incentives in the form of company shares, starting at 500% of his salary this year and potentially revving up to 780% by 2027. That’s up to $14 million in stock awards, making his potential haul look like the prize pool of a high-stakes car show.
Until those shares kick in during 2028, Stellantis is tossing him a cool $1.2 million cash award each year to keep the engine running smoothly.
Compared to Carlos Tavares, who drove off with a $35 million golden parachute in 2024 despite a sales nosedive and some cranky dealers, Filosa’s deal seems like a bargain. Tavares’ 2023 haul of 36.5 million euros came when Stellantis was riding high, but his abrupt exit last December left the company in a bit of a skid.
Filosa, tasked with getting the wheels back on track, might be chuckling at the irony of earning less while being asked to clean up the mess.
Filosa’s not just getting cash and stocks—he’s also cruising with some enviable perks. Access to the company’s private jet, a fleet of Stellantis vehicles for personal use, top-notch security, and annual medical checkups are all part of the package.
Plus, he’s covered by U.S. health care and retirement plans, along with tax equalization benefits to soften the blow of international taxes—because nothing says “welcome to the C-suite” like a tax accountant on speed dial.
The new CEO’s five-year term is Stellantis’ way of buckling up for stability in a bumpy industry. Filosa, a 25-year company veteran who’s been behind the wheel of Jeep and the Americas region, is seen as the guy to navigate tariff troubles and market share losses.
His appointment as an executive board member at the July 18, 2025, extraordinary general meeting is just a formality at this point, like checking the tire pressure before a long road trip.
Filosa’s been warming up for this role, having climbed the ranks since joining Fiat in 1999. He turned Brazil into Jeep’s second-largest market and mended dealer relationships in North America after Tavares left them grumbling louder than a faulty muffler. Posts on X are buzzing about his pay, with some estimating it could hit $24 million annually, though that’s likely just the internet adding a bit of turbo to the numbers.
The challenges ahead are no Sunday drive. Stellantis is grappling with a 14% revenue dip in Q1 2025 and tariff uncertainties that have the company hitting the brakes on financial guidance. Filosa’s got to steer 14 brands, including Fiat and Peugeot, through a market that’s as forgiving as a pothole-filled highway.
Investors are keeping their eyes on the dashboard. Stellantis shares barely budged when Filosa’s appointment was announced, suggesting the market’s waiting to see if he can shift gears fast enough to boost profits. Some X users are optimistic, citing his track record, while others wonder if an outsider might’ve been better for a company needing a tune-up.
Filosa’s already hitting the road, starting his company tour in Europe to build trust with stakeholders. His focus on mending ties with dealers, suppliers, and unions could be the oil change Stellantis needs. If he can pull off the turnaround, that $23 million paycheck might just seem like a fair price for keeping this automotive giant humming.
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