Zurich CEO Mario Greco has received a salary of CHF 9.8 million in 2023
Published: Friday, Mar 15th 2024, 09:00
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Mario Greco, CEO of the Zurich Insurance Group, has received a higher salary for the 2023 financial year. The insurer generated around 10 percent more profit last year and also increased the dividend, which had a positive impact on the salary development of the Group Executive Board.
Greco earned CHF 9.8 million after receiving a salary of CHF 9.4 million for 2022, as can be seen in the annual report published on Friday. Both the basic salary and the short-term and long-term variable remuneration increased.
According to the report, the Group Executive Board of the Zurich Group received total remuneration of CHF 55.9 million, compared with CHF 55.7 million in the previous year.
Meanwhile, Chairman of the Board of Directors Michel Liès received a total fee of CHF 2.0 million, as in the previous year. Zurich paid just under CHF 5.9 million in compensation for the entire Board of Directors, which is around CHF 220,000 more than in the previous year.
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