GM incoming CFO to receive 155 million salary

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GM incoming CFO to receive 155 million salary

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CHICAGO General Motors said on Friday that new CFO Frederick Fritz Henderson will receive a $1.55 million base salary in addition to potential bonus and long-term incentive

Reuters / December 09, 2005

CHICAGO -- General Motors said on Friday that new CFO Frederick Fritz Henderson will receive a $1.55 million base salary in addition to potential bonus and long-term incentive plans.

GM named Henderson, 47, CFO and a vice chairman effective Jan. 1, succeeding John Devine, who has agreed to stay on for up to one year as a vice chairman to help with the transition.

Devine's base and incentive pay and benefits will remain unchanged for the extension of his five-year agreement, which expires on Dec.



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