MILAN, April 16 (Reuters) - Stellantis shareholders on Tuesday approved the compensation paid to the carmaker's top management, including a package worth up to 36.5 million euros ($38.8 million) for CEO Carlos Tavares.
In a consultative-only vote, around 70% of Stellantis shareholders voted in favour of the 2023 executive remuneration report for senior managers at the annual general meeting (AGM) of the world's fourth largest carmaker by sales.
Total remuneration for Tavares rose 56% compared to the previous year, at a time when Stellantis, one of the most profitable companies in the industry, is seeking to cut costs and reduce its labour force as part of its EV transition.
($1 = 0.9413 euros)
Reporting by Giulio Piovaccari, editing by Gavin Jones and Keith Weir
Source: Reuters