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The remuneration of CEOs in the Swiss public sector is constantly increasing

Posted on by darion

There are signs of the Swiss corporations Die Post and Postfinance hanging on the building.

Postfinance’s CEO was the highest earner in the public sector.

Keystone/Gaetan Bally

Nine heads of companies and institutions close to the government earned over half a million francs last year. This is one person more than in the previous year. Hansruedi Köng, CEO of Postfinance, received the most – excluding contributions to employee pensions.

This content was published on

June 14, 2024 – 15:18

In his final year as Postfinance CEO, Köng received about CHF 835,000 ($936,000) – about CHF 8,000 more than the previous year. Taking into account employer contributions to social security and employee benefits, his salary was less than one million francs. This is according to the Federal Council’s report on executive remuneration for 2023 published on Friday.

+ Read more: CEO Pay: Can Switzerland Compete with the US?

As in the previous year, Swiss Post CEO Roberto Cirillo took second place in the salary ranking with a salary of approximately CHF 825,000, while Federal Railways CEO Vincent Ducrot took third place with approximately CHF 776,000. Cirillo and Ducrot received a total remuneration – including employer contributions for social security and employee benefits – of over one million francs.

Adapted from German by DeepL/kc/ac

This article was written and carefully reviewed by an external editorial team. At SWI swissinfo.ch, we select the news most relevant to an international audience and use automatic translation tools such as DeepL to translate it into English. Providing automatically translated news gives us time to write more detailed articles.

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