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The group announced in December that Guerra would take the helm of the group, easing a transition to the next generation of the founding family.
Guerra, 57, will get a remuneration of around 151,000 euros per month, including salary, benefits in kind, pension, healthcare, and he will also be entitled to a discretionary bonus and other incentives, Prada said in a statement.
Guerra will also be paid a director’s fee of 50,000 euros per annum.
