PSA: the former CEO Philippe Varin good hat will receive a pension – Le Point

The former CEO of PSA Philippe Varin, who left the head of the automotive group in early 2014, although a touch retirement hat of almost 300 000 per year, even though he had said give it up, press reports revealed Tuesday. This additional pension will amount to 299 000 euros gross per year under the new rules on supplementary pension schemes set up by PSA Peugeot Citroën in 2014, according to the website Deontofi.com. This amount is also mentioned in the reference document 2014 PSA released in late March.

“Mr. Philippe Varin (…) benefits from the resulting system of the new regulation which took effect on 1 January 2014 . (…) He has asserted his pension rights during the year 2014. As such, it benefits from a supplementary retirement pension of a gross annual amount of 299,000 euros, “states the document. End of 2013, leaving the then troubled automotive group, Philippe Varin had to give up yet to the 21 million euros planned for his retirement hat, facing the avalanche of criticism over the publication of this colossal sum.

In fact, the former chairman of the Corporate Executive Board took advantage of the revision of the pension system of its leaders hats since 1 January 2014, which reviewed the additional pension downwards. But to benefit from this new system, Philippe Varin had to display at least 5 years of seniority in the company, “ie, it (was) not leave Peugeot before June 1, 2014 to hit the jackpot,” Deontofi advance. com, then he has to officially leave the end presidency in March. But his term ended March 31, 2014, when Carlos Tavares took over the presidency of the PSA.

“Unacceptable”

According Deontofi.com, “Peugeot So sign him a new contract for an assistance mission to the implementation of the agreements with the state and Dongfeng” Chinese group who entered the French capital since last year. The contract, actually evoked by the group at the time of the arrival of Carlos Tavares, took effect on April 1 and allowed Philippe Varin to complete the five years required to receive that pension cap. Contacted by AFP, PSA-Peugeot Citroën was unavailable to respond to such information.

The reactions were not long after the revelations of the site Deontofi.com. The spokesman of the government Stéphane Le Foll held in particular Wednesday “unacceptable” retirement hat of the former boss of PSA Peugeot Citroen Philippe Varin. “In my opinion, this is unacceptable,” said Stephane Le Foll, asked about retirement hat during press briefing after the cabinet meeting. “What image, what idea is given of the exemplary?” he added. “Frankly, somewhere, it makes me a little angry,” said the spokesman of the government.