© BELGIUM
For the first time, the CEO of a registered company in our country earned more than 10 million euros per year. Not one, but two: Ilham Kadri from the chemical group Solvay and Tim Van Hauwermeiren from the biotechnology company Argenx. That’s telling The hour.
Ilham Kadri was the CEO who earned the best earnings in 2023 in the Bel20, the 20 most important listed companies in our country. This is due to the special benefit of 12 million euros that she received for the separation of Solvay at the end of last year into two separate listed companies, Solvay and Syensqo.
That bonus for Kadri was on top of her ‘normal’ salary of 5.3 million euros. This brings her total portfolio to 17.3 million euros. This is also the first time the 10 million barrier has been broken.
Kadri is not the only one to complete this milestone. Tim Van Hauwermeiren, CEO of Argenx, also succeeded in this. He earned 10.75 million euros last year. In addition to his fixed salary of 590,000 euros and a cash bonus of 553,000 euros, he received stock options worth 7.6 million euros.
The special bonus for Kadri pushed the average salary of Belgium’s top CEOs to 3.29 million euros, a quarter higher than in 2022. If that bonus is not included, the average would be 2.69 million euros, the same level as a year before. That is 56 times more than the average worker in our country earns: a total annual salary of around 47,600 euros.
Tim Van Hauwermeiren.
2024-05-04 05:05:06
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