On average, the Mercedes board members earned 2.1 million euros last year.
(Photo: dpa)
Munich Things have been going splendidly for Mercedes-Benz lately. Despite the industry-wide lack of chips, the Stuttgart-based carmaker was able to more than quadruple its operating profit last year, to 29.1 billion euros. The return on sales rose to 12.7 percent. The brand with the star has never been so profitable in its more than 136-year history.
As a result of the strong result, employees will receive a bonus of 6000 euros; shareholders will receive a record dividend totaling 5.35 billion. And now it is clear: The Mercedes board of directors can also look forward to an increase in salary.
For example, CEO Ola Källenius is entitled to target remuneration of EUR 6.1 million for the 2021 financial year. In the two previous years it was 5.9 and 3.5 million euros respectively. This emerges from the remuneration report published by Mercedes-Benz on Friday.
Because part of the salary is always paid later, Källenius received an actually granted salary of around 4.3 million euros for the past year. This corresponds to an increase of 18 percent. After the CEO, the highest-earning board member at Mercedes is China boss Hubertus Troska. The manager will receive 3.1 million euros for his work.
Top jobs of the day
Find the best jobs now and
be notified by email.
On average, the Mercedes board members earned 2.1 million euros last year. In total, the remuneration actually granted to the members of the board increased from 18 to 21.3 million euros.
>>> Read here: Mercedes annoys the taxi drivers – Ivory E-class is discontinued
The former CEO Dieter Zetsche received payments of 3.5 million euros in 2021 and the former CFO Bodo Uebber around 1.1 million euros. Mercedes spent a total of more than 15 million euros last year on claims from other former board members.
The incumbent top management could increase their salary even further in 2022. After all, business is still going well. The demand for limousines and SUVs remains high. Mercedes sales are likely to increase slightly. And for high-end models such as the S-Class, G-Class, Maybach or AMG, the Swabians even expect sales to increase by more than ten percent.
In the dominant car division, the group is forecasting a margin of up to 13 percent for 2022, adjusted for special effects. Sales are also expected to increase slightly. Nevertheless, the uncertainties are increasing. The increased prices for energy and raw materials are dampening the result. And as a result of the Ukraine war, some of the supply chains are tearing.
More: BMW announces record profit – dividend will be more than tripled