
Kering plans to award new CEO Luca de Meo a €20 million signing bonus, compensating for an estimated equivalent amount lost from his departure at Renault. This substantial incentive is in addition to an annual fixed salary of €2.2 million, a performance-based variable income up to €6.6 million, and performance shares valued at 150% of his total annual remuneration. The comprehensive compensation package underscores Kering's strategy to attract top leadership and will be put to a shareholder vote at the September meeting.
Kering's proposed compensation for new CEO Luca de Meo is substantial, featuring a €20 million signing-on bonus justified as a make-whole payment for remuneration lost from his departure at Renault. This is in addition to an annual package comprising a €2.2 million fixed salary, up to €6.6 million in variable pay, and performance shares valued at 150% of his total annual compensation. The structure heavily links remuneration to performance, but the overall quantum places a high premium on securing top-tier leadership. The entire package is subject to shareholder approval at the September meeting, which will serve as a critical test of investor sentiment on the company's governance and executive compensation strategy.
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