Toyota chief earned $2.84 million last year after bonus doubles

Wed Jun 24, 2015 3:57am EDT
 
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TOKYO (Reuters) - Toyota Motor Corp (7203.T: Quote) President Akio Toyoda earned 352 million yen ($2.84 million) in total compensation last year after his bonus doubled to about $2 million, the Japanese company said in a regulatory filing on Wednesday.

Toyoda, head of the world's best-selling automaker, received a bonus of 249 million yen in the year ended March, up from 127 million yen in the previous year. His base salary was unchanged.

Toyoda's compensation is roughly a third of what Nissan Motor Co (7201.T: Quote) paid Chief Executive Carlos Ghosn in the same period. Ghosn told shareholders on Tuesday he splits his time equally between Nissan and French alliance partner Renault SA (RENA.PA: Quote), which he also heads.

Fiat Chrysler Automobiles NV (FCHA.MI: Quote) CEO Sergio Marchionne was the top-paid automotive executive in 2014, making about 31.3 million euros ($35 million).

Toyota in May reported a 19 percent rise in net profit to 2.17 trillion yen for the business year through March, and forecast a third consecutive year of record profit.

Nissan's net profit grew 18 percent to 457.6 billion yen.

(Reporting by Chang-Ran Kim; Editing by Christopher Cushing)

 
Akio Toyoda attends a news conference  in Tokyo June 19, 2015.  REUTERS/Toru Hanai