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

The Nurburgring is the one track that many automakers want to hold a record of, because only the best of the best do. This time, a group of extraordinary passionate...
by - July 25, 2017
Would you like your convertible to be inspired by a yacht? Well, you do not have to imagine it anymore - thanks to the Bentley Continental GT Convertible and Mulliner...
by - July 25, 2017
The 2018 Jaguar E-Pace is the leaping cat’s first venture into the compact SUV segment, and sure enough, it didn’t take long before an artist rendered a wilder version of...
by - July 25, 2017
Good news for Audi EU5 and EU6 diesel car owners in Europe. They can now update their cars to fit six-cylinder or eight-cylinder TDI engines through a retrofit program, and...
by - July 25, 2017
Recently, Autocar revealed that a Ferrari SUV is on the way, after the company continuously denied that they will not build one. And unlike the usual crossover styling, Ferrari will...
by - July 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