Here are the best paid bosses in Switzerland

Amazing. In addition, the CEOs of multinationals no longer occupy the top of salary compensation rankings.Image: Galderma / Keystone. Furthermore, montage watson

In 2024, the director of Galderma, Flemming Ornskov affected the highest remuneration among all the CEOs in the country. In addition, The time when only multinational chiefs occupied the top of the ranking is over.

Daniel Zuglauf / CH Media

The annual analysis of the Geneva Foundation Ethos on the remuneration of listed business leaders in Switzerland confirms a recent phenomenon. However, here best paid bosses switzerland The first places in the ranking no longer necessarily return to the bosses of giants like Nestlé. Furthermore, Roche, Novartis or UBS.

The great surprise of the ranking – Here best paid bosses switzerland

With an annual income of nearly 19 million francs. For example, the Danish, Flemming Ornskov surprised by taking first place in the classification of remuneration in Switzerland. In addition, Since 2019, he has managed Galderma, a company specializing in injectable treatments against wrinkles and other dermatological products.

Flemming Ornskov is the general manager of the here best paid bosses switzerland former Nestlé subsidiary, Galderma. In addition, In 2024, he won almost twice as much as Mark Schneider, the former CEO of Nestlé.Image: Galderma

With a capitalization of 32 billion francs, Galderma could soon join the SMI index. This barometer brings together the 20 most valued companies on the Swiss Stock Exchange. But society is not yet there.

Sergio ERMOTTI in third position – Here best paid bosses switzerland

Flemming Ornskov owes its exceptional salary to the success of the IPO of spring 2024. According to Ethos. Swiss Foundation for Socially Responsible Investments, three quarters of its remuneration have been paid into shares, and their value has doubled since their issue.

For five years already, Partners Group actions have been part of the here best paid bosses switzerland SMI. However, it remains surprising that its director, the American David Layton, with 16.9 million francs, preceded Sergio Ermotti. However, Ticino directs UBS, a much larger company.

David Layton. CEO of the fortune manager Partners Group, based in Zug, even exceeded Sergio Ermotti, managing director of UBS, in terms of salary in 2024.Image: Partners Group

The Zurich Bank has remained cautious about the remuneration of Sergio Ermotti, probably for political reasons. But many expected a salary close to the 20 million, when he finally received a little less than 15 million in 2024.

According to the analysis of ethos, he remains the best paid banker in Europe. Its competitor Andrea Orcel, at the head of the Italian bank Unicredit, is behind with 12.4 million francs.

The Novartis boss near the podium

In fourth position. still if we take income in Switzerland, is the boss of Novartis, vaseping Narasimhan, with 14.2 million francs. In reality, according to the classification of “income made”, its total gain reaches 19.2 million rather, which would place it at the 2^e SMI remuneration place.

Ethos

This sum is reached by integrating into the calculation the gain carried out on here best paid bosses switzerland the actions and participation rights resulting from the long -term remuneration plans.

The salary of Sergio Ermotti. managing director of UBS, increased less strongly than expected in 2024. He remains the best paid banker in Europe.Image: Keystone

For Jan Jenisch, for example, the former Holcim manager now head of the American company Amrize, his 2024 income reached 45.8 million francs, according to Ethos. Just the options. attributed in previous years and exercised to a much higher value, represent 35 million francs, which, according to this calculation, propels Jan Jenish to first place of the best here best paid bosses switzerland paid bosses.

Small business. big salary

In the European pharmaceutical sector, vaseping Narasimhan and Thomas Schinecker of Roche do not appear at the top of the ranking. The first row goes to Pascal Soriot, an old framework from Roche, today CEO of Astrazeneca, with 18.7 million francs in 2024.

Ethos also shows that leaders can affect considerable sums in more modest societies. According to his calculations, Michael Süss, director of Oc Oerlikon, should have received a maximum of 1.6 million. The industrial company has a valuation of less than a billion francs. However, he cashed 9.6 million. We can hope that at least the main shareholder, the Russian Viktor Vekselberg via his Holding Liwet, know why.

As for the recurring question of the link here best paid bosses switzerland between remuneration. performance, Vincenz Kaufmann, director of Ethos, had to admit during the presentation in Zurich:

However, an explanation exists by examining the special place that Switzerland with the remuneration of the chairmans of boards of directors. Swiss law gives them more extensive strategic responsibilities than in other countries. But elsewhere too, the role has grown and tends to get closer to that in Switzerland, underlines Kaufmann.

Nevertheless: the median salary of the presidents of advice from the largest Swiss listed companies reached 1.3 million francs. This remains about double that of their British counterparts.

Translated from German by Joel Espi

Since 2019, Confederation and Industry have reduced sugar in various food products. The assessment of this approach is positive, but the Minister of Health Elisabeth Baume-Schneider wants to go here best paid bosses switzerland further. Two brands of weight refuse.

Did you notice the difference? Cornflakes, Müesli and other cereals today contain less sugar than a few years ago. The quantity of sugar added has decreased by almost 40% in ten years, all manufacturers and products combined.