The plan, which is expected to be put before shareholders at the upcoming General Assembly, departs from standard executive pay structures and ties the CEO’s financial reward directly to the company’s long-term stock market performance.
Under the proposal, Mytilineos would receive a symbolic salary of just one euro per year for the next three years. Only after that period would he become eligible for compensation based on performance—specifically, a 5% share of the increase in Metlen’s market capitalization above its current level. This performance-based reward would be directly linked to the company’s future valuation, meaning the CEO would benefit only if the company significantly grows in value.
Market observers see this as a powerful message of confidence from Mytilineos in Metlen’s growth trajectory. Rather than opting for guaranteed executive income, he is choosing to align his personal financial outcomes with the company’s success, in effect “investing” in its future alongside shareholders. The structure is widely seen as a bold move that reinforces a long-term commitment to value creation, particularly as Metlen eyes a listing on the London Stock Exchange.
For investors, the model serves as a notable signal of transparency and alignment of interests. By directly tying executive compensation to shareholder returns, Metlen is attempting to position itself as a forward-looking, performance-driven company in the eyes of international markets. Analysts view Mytilineos' willingness to forgo immediate compensation as a gesture of strategic depth and confidence, suggesting he is betting personally on the success of the company’s vision.
At the same time, the proposal implies that Mytilineos will remain at the helm for the foreseeable future—a factor that market commentators note brings a sense of continuity and stability to the company during a phase of transformation. His ongoing leadership is seen as instrumental in maintaining Metlen’s corporate identity and momentum as it seeks to establish itself more prominently on the global stage.
