Sanchez Galan (Iberdrola) earned 13.8 million in 2023, an increase of 6% | Companies

Iberdrola executive president Ignacio Sanchez Galan earned 13.84 million euros in 2023. This amount, which includes both fixed remuneration and share payments for the electricity company – Europe’s largest and second largest in the world – amounts to 5.9%. higher than 13.06 million in the previous year, according to data sent by the company to the National Securities Market Commission (CNMV).

Sánchez Galan’s salary last year amounted to 2.25 million euros, to this figure should be added another 3.25 million short-term variable remuneration, 567,000 fixed euros as chairman of the board of directors, 144,000 euros per diem, 88,000 euros for board membership directors. committees and €175,000 for other items. The remuneration received in cash thus amounted to 6.47 million, which is 129,000 euros more than in 2022. To these amounts it is necessary to add another 6.78 million in company shares. And another 582,000 euros were paid in cash by the Iberdrola group.

He number two The head of the electricity company, Armando Martinez, received 4.07 million euros: 3.02 million in cash, 856,000 euros in shares and 200,000 euros in the form of a pension plan. In his case, comparison with last year is difficult: he was appointed to the position at the end of October and previously served as CEO of Business.

Iberdrola’s board as a whole earned just over 23.96 million last year, up 1.44 million from 2022. Of this amount, more than half corresponds to the height of Sanchez Galan.

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