Chrysler paid Sergio Marchionne $307,989 in 2013

Article by Christian A., on March 9, 2014

Sergio Marchionne, chief executive of Fiat Chrysler Automobiles, received salary and stock awards valued at $307,989 in 2013 for leading Chrysler Group, according to a filing with the United States Securities and Exchange Commission. Marchionne also received pay for his role as Fiat Group’s CEO. The Fiat side will announce its compensation to Marchionne later this month.

His 2013 compensation from Chrysler was a big drop from 2012, when he received $1.23 million. In 2011, he declined a salary from the US carmaker. The drop was because 2012 compensation levels included performance incentives accrued over three years.

Fiat S.p.A. and Chrysler Group LLC merged in January. The newly formed company will trade primarily in New York, with trading in Milan, starting later this year. Marchionne was the chief executive of both carmakers prior to the merger. In 2012, he received around EUR13.2 million in in salary and equity ($18.3 million at current exchange rates), from Fiat and its affiliates. [source: DetroitFreePress]

If you liked the article, share on:

Comments

Recommended

J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries