Rickenbacher's pay was lower than his predecessor Bernhard Hodler's 6.16 million franc package for 2018, according to its annual report.

Hodler, who retired from the company and was replaced by Rickenbacher on September 1, picked up 3.65 million francs for 2019.

(This story corrects to add "million" in headline).

(Reporting by John Revill; editing by Thomas Seythal)