2023 Mercedes-Benz CEO Ola Källenius's remuneration rose 86% to €12.2 million, primarily due to a high long-term bonus.

Mercedes-Benz CEO Ola Källenius nearly doubled his remuneration in 2023 due to a high long-term bonus payout, with total remuneration reaching €12.2 million ($13.2 million). This is an 86% increase from the previous year. The remuneration includes a fixed component of €1.9 million and a variable component of €10.4 million, which is dependent on hitting targets including sustainability criteria.

March 15, 2024
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