GM’s new CFO to receive $4.2 million pay package

Posted: Mar 24, 2011
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Dan Ammann

Dan Ammann

GM Treasurer Dan Ammann is scheduled to replace Chris Liddell as CFO of the automaker on April 1. The Detroit automaker today disclosed the new CFO will receive $4.2 million in annual compensation.

Amman’s pay package will consist of $3.45 million in restricted stock units designed to match pay to the company’s long-term performance along with a $750,000 annual salary.

Since GM received a $49.5 billion federal bailout, the company’s pay practices are carefully watched by the United States Treasury Department.

- By: Omar Rana

Source: Detroit News


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