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Peugeot CEO Varin to Get EU21 Mln Retirement Package: Parisien 2013-11-27 07:14:01.91 GMT
By Melissa Pozsgay Nov. 27 (Bloomberg) -- Philippe Varin, outgoing chief executive officer of PSA Peugeot Citroen, will get retirement package of about 21 million euros ($28 million) paid in annual installments that can’t exceed 650,000 euros a year, Le Parisien reported citing labor union officials. *Peugeot said in statement yesterday that Varin is not retiring and payments will equal about a third of his annual salary: newspaper
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To contact the reporter on this story: Melissa Pozsgay in Paris at +33-1-5365-5056 or mpozsgay@bloomberg.net
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