MILAN (AP) — Fiat says CEO Sergio Marchionne, who also heads Chrysler, received total compensation of euro14.45 million ($18.87 million) last year, mostly in stock options.
Fiat said in a filing on Thursday that Marchionne's fixed salary was euro2.45 million. He received stock remuneration worth about euro12 million.
Marchionne has also been CEO of Chrysler since 2009. He declined a salary in 2011 at the U.S. automaker, which he has helped turn around since it emerged from bankruptcy, for a second year.
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Marchionne is also chairman of Fiat Industrial. His salary there has not been disclosed yet.
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