DETROIT, March 7 Fiat Chrysler Automobiles
Chief Executive Sergio Marchionne made salary and stock
awards worth $307,989 last year for heading Chrysler Group LLC,
according to a filing with U.S. regulators by the American
automaker on Friday.
Marchionne's Chrysler pay is expected to be a fraction of
his total compensation once the Fiat side of the business
announces his compensation. Marchionne's compensation from Fiat
for 2013 will be announced later this month.
The details on his Chrysler pay were contained in a filing
with the U.S. Securities and Exchange Commission.
Fiat SpA, based in Italy, and Chrysler Group LLC,
headquartered in Michigan, were merged in January. The newly
formed company is to be traded primarily in New York, as well as
in Milan, beginning later this year.
Marchionne, 61, was the CEO of both companies before the
In 2012, he was paid in salary and equity awards the
equivalent of about 13.2 million euros, or $18.3 million at
current exchange rates, from Fiat SpA and its affiliates,
according to a Fiat company report.
Marchionne's compensation from Chrysler in 2013 was down
from the previous year, which totaled $1.23 million. In 2011, he
declined a salary from the American automaker.
The drop in pay last year for Marchionne and other top
Chrysler executives is because the 2012 compensation included
performance incentives accrued over three years.