Daimler CEO Zetsche’s Pay Rises After Record Vehicle Deliveries
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Daimler AG increased Chief Executive Officer Dieter Zetsche’s pay 1.2 percent after the third-biggest maker of luxury cars reduced the sales gap to larger competitors last year with record deliveries.
Zetsche’s compensation for 2013 rose to 8.25 million euros ($11.3 million) from 8.15 million euros a year earlier, the Stuttgart, Germany-based manufacturer of Mercedes-Benz cars said today in its annual report. Combined pay for Daimler’s management board rose 11 percent as the manufacturer added Hubertus Troska, head of Chinese operations, as a member.