The average salaries of top managers in Switzerland rose further in 2025, with two earning more than CHF20 million ($25 million). But not everyone benefited from an increase. +Get the most important news from Switzerland in your inbox An analysis by the agency Awp of 24 of the 30 largest listed groups that have published their remuneration reports shows that the highest-paid CEO remained (as in 2024) Vasant Narasimhan, number one of Novartis. His total remuneration rose by 30% to CHF24.9 million. In his eight years at the helm of the pharmaceutical giant, his income increased by an average of almost a fifth every year. Stefan Bollinger, who took over as head of the bank Julius Bär in January 2025, received CHF24 million, more than four times what his predecessor had received. However, 60% of the sum consists of compensation for lost compensation at his previous employer, Goldman Sachs. The podium is completed by Flemming Ørnskov, CEO of skin care company Galderma, which paid him a ...
