Richard Palmer, 48
Chief Financial Officer, Fiat Chrysler Automobiles
TITLE: Chief Financial Officer
COMPANY: Fiat Chrysler Automobiles
CAREER HIGHLIGHTS: Started as Fiat chief financial officer in 2006, added responsibility for Chrysler's finances in 2009 and was named Fiat Chrysler CFO in 2011. He joined Fiat Group in 2003 as CFO of subsidiary Comau Robotics. Prior to that he worked for General Electric, United Technologies and PwC.
REASON FOR WINNING: Palmer helped to successfully complete the merger of Fiat and Chrysler and reduce the company's net debt to $7.7 billion from $11.4 billion last year. FCA's debt reduction came via the issuance of a $2.9 billion mandatory convertible bond and a share sale. Palmer also has prepared the market for FCA's planned IPO of a 10 percent stake in Ferrari. The IPO is set to happen by year-end.