07/08/2024 – 6:30
The average annual compensation for CEOs of Brazilian companies listed on the Brazilian stock exchange in 2023 was R$15.3 million. However, individually, the amount could reach almost R$68 million. The figures were compiled by corporate governance consultant Renato Chaves, based on information provided by the companies themselves to the CVM (Brazilian Securities and Exchange Commission).
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According to Chaves’ survey, among the 83 publicly traded companies that are part of the Ibovespa – the main index of the B3 – the highest remuneration is that of the CEO of Itaú Unibanco, Milton Maluhy Filho, with R$67,705.74. Right after him is Jorge Fontoura Pinheiro Koren de Lima, CEO of Hapvida, with R$67,413,422. Completing the list of the five highest remunerations are Gilberto Tomazoni, of JBS (R$58.1 million); Eduardo Bartolomeo, of Vale (R$52.6 million) and Roberto Monteiro, of Prio (R$40.6 million).
See the list of the 20 highest paid Brazilian CEOs in 2023
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