- Porsche and Volkswagen boss Oliver Blume receives a bonus of 2.37 million euros for the IPO of the sports car manufacturer.
- The bonus is paid in three tranches over the year.
- Mercedes boss Ola Källenius can increase the variable part of his salary by 50 percent because of the good dividend at the car manufacturer – and now earns 6.58 million euros.
In his dual role as CEO of the Volkswagen Group and Porsche 2022, Oliver Blume earned a maximum remuneration of 8.6 million euros. This emerges from the VW annual report, which was published on Tuesday. Blume’s predecessor Herbert Diess earned around 10 million euros last year. Blume’s salary is probably lower because the Porsche boss has only been in charge of the Volkswagen group since November.
The IPO of Porsche was a blessing for Blume, also personally. The CEO will receive a bonus of up to 2.37 million euros in three tranches, reports the “Frankfurter Allgemeine Zeitung”. The entire Porsche Executive Board team will receive around 10 million euros in bonuses.
Porsche applies after the IPO as the most valuable car manufacturer in Europe. The top management also shared the success with the workforce. In November, most employees received a special payment of 3,000 euros, executives received five to six-digit extra payments.
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Blume’s neighbor in Stuttgart, Mercedes-Benz boss Ola Källenius, is also experiencing a windfall these days. The CEO was able to increase his salary from EUR 4.28 million to EUR 6.58 million in 2022. The reason for this is the improved earnings situation of the Stuttgart carmaker. The dividend shot up in the past financial year to EUR 5 per share from EUR 1.35.