Here’s why he fell short of several million more.
Antonio Filosa, who took over leadership of Stellantis after Carlos Tavares, has reported his first-year compensation. In total, he earned approximately $6.37 million. Compared to the company’s previous peak executive pay packages, the figure appears more modest — though it remains high by broader market standards.
Filosa could have significantly boosted his earnings through the company’s annual incentive program. However, according to industry sources, including The Detroit News, Stellantis failed to meet its positive cash flow target and closed the year with a net loss of $26.3 billion. As a result, bonuses tied to that program were not awarded.
Even without the annual incentive payout, Filosa’s 2025 compensation was about 82 times higher than that of the average Stellantis employee, who earns roughly $78,000 per year.
Within the company, however, the more painful issue has been the absence of worker bonuses.
Although Tavares was removed from his position at the end of 2024, he still received approximately $14 million for the year. The bulk of that figure consisted of severance pay and about $11.7 million in performance-related compensation.
In 2023, his total compensation surged to roughly $39.5 million, including about $28.3 million in long-term incentives tied to corporate “transformation” goals and the achievement of three out of seven performance targets. Those targets included:
In 2024, Tavares’ compensation declined to about $24 million. That drop, however, reflected a broader downturn: Stellantis’ net profit fell by 70% during the same period.