DETROIT (Reuters) - Ford Motor Co (N:F) said on Wednesday its new chief executive officer, Mark Fields, will receive a 9 percent increase in his base salary, as well as stock options and a performance-based bonus.
Ford said in documents filed with U.S. regulators that Fields' base salary will be $1.75 million this year, up from $1.6 million last year when he was chief operating officer.
Fields, 53, took the CEO reins from Alan Mulally on Tuesday.
Last year, Fields' total compensation was $10.2 million. While the company outlined his compensation in a filing with the U.S. Securities and Exchange Commission, a spokeswoman said his total 2014 package will not be reported until next year's proxy.
(Reporting by Ben Klayman in Detroit; Editing by Bernadette Baum)