Fiat Chrysler CEO Manley received 13.3 million euros in 2019 compensation

Last year, FCA set a compensation target for Manley of $14 million.
By : Reuters
| Updated on: 26 Feb 2020, 12:52 PM
FILE PHOTO: Jeep CEO Mike Manley introduces the 2019 Jeep Cherokee at the North American International Auto Show. (REUTERS)
FILE PHOTO: Jeep CEO Mike Manley introduces the 2019 Jeep Cherokee at the North American International Auto Show. (REUTERS)
FILE PHOTO: Jeep CEO Mike Manley introduces the 2019 Jeep Cherokee at the North American International Auto Show. (REUTERS)
FILE PHOTO: Jeep CEO Mike Manley introduces the 2019 Jeep Cherokee at the North American International Auto Show.

Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros ($14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday.

Compensation for Manley, who took over as head of FCA in July 2018 after the death of his predecessor Sergio Marchionne, included a base salary of 1.43 million euros for 2019, a bonus of 1.2 million euros and long-term incentives totaling 8.8 million euros, according to the regulatory filing.

Trending Cars

Find More Cars

Last year, FCA set a compensation target for Manley of $14 million.

Fiat Chrysler and Peugeot maker PSA agreed in December to combine forces in a $50 billion deal to create the world's No. 4 automaker, in response to slower global demand and mounting costs of making cleaner cars amid tighter emissions rules. The companies have not said what position Manley might hold in the newly combined automaker.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Manley said in January that talks with PSA were progressing well and he hoped to complete the deal by early 2021.

FCA Chairman John Elkann received a base salary of 893,000 euros and long-term compensation totaling 2.28 million euros, as part of total compensation of 3.85 million euros, the filing said.

First Published Date: 26 Feb 2020, 12:52 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city