ČEZ Executive Compensation: A Glance at 2025 Earnings and Trends
The board of directors at ČEZ, the Czech Republic’s largest energy company, earned a combined 191 million Czech crowns in 2025, according to a recent report on executive compensation. This represents a slight decrease of approximately three million crowns compared to the previous year.
Executive Pay Breakdown
Daniel Beneš, Chairman of the Board and CEO of ČEZ, received the highest compensation, totaling 53.29 million crowns. This figure is roughly 1.5 million crowns less than his earnings in 2024. Pavel Cyrani, Vice-Chairman of the Board, earned 32.36 million crowns, while Martin Novák, Director of the Finance Division, received 27.5 million crowns.
Other top earners included Tomáš Pleskač, Director of the New Energy Division (19.7 million crowns), Bohdan Zronek, Director of the Nuclear Energy Division (19.51 million crowns), and Michaela Chaloupková, Director of the Administration Section (19.17 million crowns). Jan Kalina, a former board member and Director of the Renewable and Classical Energy Division, earned 19.71 million crowns before departing to lead ČEPS in April.
Compensation Structure and Performance
Executive compensation at ČEZ is comprised of both fixed and variable components. The variable portion is tied to performance indicators established and evaluated by the supervisory board. All seven members of the board reportedly met their targets at 109.7 percent, qualifying them for the full variable component of their compensation.
ČEZ Financial Performance in 2025
The executive compensation figures arrive as ČEZ reported earnings of 27.4 billion crowns in 2025, a decrease in net profit of 1.7 billion crowns compared to the previous year. Both operating profit and revenue also saw year-over-year declines.
Broader Trends in Czech Executive Compensation
The slight decrease in ČEZ executive pay mirrors a broader trend of more cautious compensation practices in the Czech Republic. Companies are increasingly linking executive pay to performance and shareholder value, particularly in sectors facing economic headwinds.
The average salary of ČEZ employees in 2025 was 100,758 crowns, representing a 9.2 percent increase year-over-year.
FAQ
What is the total compensation for the ČEZ board of directors?
The total compensation for the seven members of the ČEZ board of directors was approximately 191 million Czech crowns in 2025.
Who is the highest-paid executive at ČEZ?
Daniel Beneš, Chairman of the Board and CEO, is the highest-paid executive, earning 53.29 million crowns in 2025.
How is executive compensation determined at ČEZ?
Executive compensation is determined by a combination of fixed salary and a variable component based on performance indicators evaluated by the supervisory board.
What was ČEZ’s net profit in 2025?
ČEZ reported a net profit of 27.4 billion crowns in 2025.
Did you know? The variable component of executive pay at ČEZ is directly linked to the company’s operating profit and other key performance indicators.
Pro Tip: Understanding the link between executive compensation and company performance can provide valuable insights into a company’s priorities and strategic direction.
Explore more articles on Czech business and finance to stay informed about the latest developments in the region.
