February 14, 2017 / 1:02 PM / 7 months ago

Daimler chief Zetsche's pay drops 21 percent in 2016

Dieter Zetsche, CEO of Daimler AG attends the car maker's annual news conference in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle

FRANKFURT (Reuters) - Daimler (DAIGn.DE) Chief Executive Dieter Zetsche’s total pay including bonuses dropped 21 percent to 7.6 million euros (6 million pounds) last year, when the group reported a slight decline in annual operating profit, the company’s annual report showed on Tuesday.

Zetsche, who has for years been one of Germany’s best-paid CEOs, pocketed a total of 13.8 million euros in 2016 once share awards are included, but this was also down on the year before’s total of 14.4 million euros, the report showed.

Reporting by Maria Sheahan and Patricia Uhlig; Editing by Adrian Croft and David Holmes

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