Nissan announced it has paid its CEO Carlos Ghosn 1.1 billion yen (10.2 million dollars) for the last financial year.
Following Nissan’s annual General Meeting of Shareholders held on Wednesday, Japan’s second largest automaker said it has agreed to compensate its chief executive officer Carlos Ghosn with 1.1 billion yen (10,2 million dollars) over the past business year, slightly up from the 1.035 billion yen (9.9 million dollars) that he received a year earlier. Ghosn, who is also CEO for the alliance partner Renault, was also “awarded” with a check of 7.2 million euros for 2015 by the French automaker, despite the fact that the board ignored a vote from the majority of Renault’s investors that decided not to grant him the pay package.
Separately, during the meeting, Ghosn said the company was on track to deliver further growth at the end of the ongoing fiscal year, expecting net revenues to reach 11.8 trillion yen for the 12 months ending March 31st, 2017, an operating profit of 710 billion yen and a net income projected to stay almost flat to 525 billion yen (5.02 billion dollars). Last year, the company’s operating profit rose more than 34 percent to 793.3 billion yen, representing a 6.5 percent margin on net revenues that reached 12.19 trillion yen for the period, while the net income jumped 14.5 percent to 523.8 billion yen (5 billion dollars).