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Salaries of Swiss public sector CEOs continue to rise

Signs for Swiss corporations Die Post and Postfinance are displayed on a building.
Postfinance's CEO was the public sector's top earner. Keystone/Gaetan Bally

Nine heads of companies and institutions close to the government earned more than half a million francs last year. That is one person more than in the previous year. Postfinance CEO Hansruedi Köng received the most – not including occupational pension contributions.  

In his last year as CEO of Postfinance, Köng received around CHF835,000 ($936,000) – around CHF8,000 more than in the previous year. Including employer contributions for social insurance and occupational benefits, his remuneration amounted to just under one million francs. This is according to the Federal Council’s Executive Salary Report 2023, published on Friday.  

+ Read more: CEO pay: can Switzerland compete with the US?

As in the previous year, Swiss Post CEO Roberto Cirillo was in second place in the salary rankings with a salary of around CHF825,000, followed in third place by Federal Railways CEO Vincent Ducrot with around CHF776,000. Cirillo and Ducrot received a total salary – including employer contributions for social insurance and occupational benefits – of over one million francs.  

Adapted from German by DeepL/kc/ac

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