Stellantis investors are pushing back against a proposed €23.1 million ($26.2 million) compensation package for former CEO Carlos Tavares, who left in December after a year of declining sales and earnings.

Allianz Global Investors and proxy advisers such as Proxinvest called on shareholders to vote against Stellantis’s remuneration report at its annual general meeting on April 15.

Tavares’ salary for 2024 — and an additional €12 million in severance and milestone bonuses he is set to receive this year — is drawing ire after he presided over slumping demand in the U.S., model delays in Europe, and clashed with politicians, dealers and unions.

“It’s not acceptable to award severance pay to a manager who led the company to a situation of failure,” Proxinvest CEO Charles Pinel said in an interview.