No increase for Ticino compared to 2024.
Keystone-SDA
UBS CEO Sergio Ermotti received a total remuneration of CHF14.9 million (about $19 million) last year, the same amount as in 2024.
His salary consists of a fixed part of CHF2.8 million and a variable part of CHF12.1 million, according to the annual report of Switzerland’s leading bank published today.
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The entire board of directors received total remuneration of CHF145.3 million for the past year, following CHF143.6 million in 2024.
The variable component of a CEO’s pay is made up of two parts: a bonus (also known as annual incentive programme or immediate variable pay) and a long-term incentive plan (also known as deferred variable pay).
The bonus paid out to CEOs can hinge on company earnings or revenue or both.
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What’s behind a CEO’s paycheck in Switzerland
Adapted from Italian by AI/ac
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