Marchionne collects $36 million share award, $12 million within base spend

Sergio Marchionne, sixty-5, plans in order to retire within the first half next year.

MILAN — Fiat Chrysler Vehicles CEO Sergio Marchionne gathered shares appreciated at about twenty 9 million pounds ($ thirty-5. 7 million) for the 3-year period finished in 2016, according to the Italian-American automaker’s 2017 yearly report submitted Tuesday . He or she also gained 9. 68 million pounds ($ twelve million) within base payment and reward for 2017.

Fiat The chrysler awarded the particular shares included in a performance-based pay system in which Marchionne achieved all of the profit plus business strategy targets plus delivered the 280 % total aktionär return throughout the 3-year extend. That was clothes among the 10 auto producers the company matters as its colleagues and trounced the twenty-4 percent typical return.

Marchionne, 65, programs to stop working in the 1st half of the coming year. He marketed some of the share delivered to your pet in 2017 to pay for linked taxes, the business disclosed within November.

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