Fiat Chrysler U.S. sales chief who sued the company is leaving

The company says in a statement that Reid Bigland will leave Fiat Chrysler April 3 after 22 years with the company. He'll pursue other interests.

FCA CEO Mike Manley thanked Bigland for his service in a company statement. "We all wish him every success in his future endeavours," Manley said. Bigland said in the same statement that that it's been a privilege to work at FCA and with the company's dealers. The company withheld Bigland's 2018 long-term incentive stock payout, special dividends and an annual bonus in retaliation for his testimony and because he sold some stock, according to the lawsuit. Documents say the dividends alone are worth about $1.8 million.

Fiat Chrysler agreed to pay the civil penalty and to stop violating anti-fraud, reporting and internal accounting control regulations, the SEC said. The automaker did not admit or deny the agency's allegations.The SEC said the automaker boasted about a streak of year-over-year sales increases into 2016, when the streak actually was broken in September of 2013.

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