March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. The estimated additional pay is $244,268 per year. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Ford's 2019 compensation for its top executives, which includes salary, incentive bonuses, stock, and other perks, is broken down as follows: CEO Jim Hackett: $17.36 million Executive Chairman Bill Ford: $16.76 million CFO Tim Stone: $8.32 million CFO Bob Shanks: $8.32 million However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The Detroit News. The estimated total pay for a Executive Director at Ford Motor Company is $440,417 per year. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. 2020 CBS Broadcasting Inc. All Rights Reserved. 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Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? "Based on these interactions, we believe investors were generally satisfied with our compensation programs in 2021 and we are pleased that investors support our compensation philosophy, policies, and programs.". Stellantis CEO Carlos Tavares made $21M in 2021. 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CEO, Ford Pro. Thorough reviews have been conducted to assure this data accurately reflects disclosures. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Ford disclosed the salary and pay ratio data for its executives in an annual compensation report to the U.S. Securities and Exchange Commission. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. las molestias. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. Choose your news we will deliver. Click here to submit a Letter to the Editor, and we may publish it in print. It was a year in which Ford's top executives hit just 23 percent of their business performance targets, down from 54 percent in 2019. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. The automaker is also trying to figure out when to release its highly anticipated Ford Bronco and F-150. The new totals reflect the addition of Alexandra Ford English and Henry Ford III. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. Beyond that, the company mulled partially deferring executive salaries temporarily cutting them between 20 and 50 percent over the next five months and possibly resorting to layoffs, according to a CNBC report. For more information, see ourPrivacy Policy. The increase is largely attributed to Farley's stock awards, which more than tripled to about $16 million, according to the company's annual proxy statement filed Friday. "Those topics can be competitively sensitive, especially in a period of industry transition.". 48207-2997, Automotive News Happy Lunar New Year from all of us at Ford! Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. 9% of Henry Ford Health System management is Hispanic or Latino. We didnt just build great cars and trucks - we.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. In these roles, he led the delivery of Fords mainstream and high performance products from conception to launch across all regions.Thai-Tangs international experience includes assignments in Cologne, Germany and four years serving as director of Product Development for Ford South America. Haig Partners: How are dealerships being valued today? Chief Advanced Product Development and Technology Officer. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. Here are further demographic highlights of the leadership team: James D. Farley Jr. (born June 10, 1962) is an American automotive executive who currently serves as Ford Motor Company's chief executive officer since October 1, 2020. That's up from $8,361,479 in 2019. In 2016, HFHS reported having 21,462 employees who were compensated $1.5 billion (about half of total reported revenue), which equates to an average compensation of $70,500. "We regularly meet with investors to discuss and receive feedback on various topics, including long-term strategy; financial and operating performance; risk management; environmental, social, and governance practices, and executive compensation practices," the Ford filing said. His compensation also included $830,305 for personal use of aircraft. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. Ford itemized more than $74.5million in executive compensation for its top fiveexecutives in 2021: Farley, chief financial officer John Lawler, board chair Bill Ford,chief enterprise technology officer Michael Amend and Chief EV and Digital Systems Officer for Ford Model e, Doug Field, filings show. Hackett was, by a wide margin, Fords largest individual earner in 2019. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. This report is not for commercial use. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Chief Policy Officer and General Counsel. ; 11% of Ford Motor management is Hispanic or Latino. DETROIT Jim Farley's total compensation from Ford Motor Co. jumped 41 percent to $11.8 million in 2020, when he took over as CEO. The average salary for an Executive Director is $129,383 per year in United States, which is 70% lower than the average Ford Motor Company salary of $440,417 per year for this job. Former CFO Bob Shanks also received $8.3 million in 2019. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Join us today at www.careers.ford.com and celebrate with us! Based in Brazil, he oversaw the development of new products for value markets and led the emergence of FSAO as a global product development center. an. Dianne Craig. Steven Croley. His$16.7millionin total compensation broke down as $1.8 million in salary,$7.9 millionin stock awards,$5.6 million in options,$828,000in incentive plan compensation,and about $524,000 in other payments. para nos informar sobre o problema. Base salary is twice-monthly pay that is determined on a competitive basis and adjusted according to performance, job scope and responsibility, and position-in-range. Ford Motor is 34% female and 66% male company-wide. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? (CBS DETROIT) - Ford is also facing financial issues after its top executive salaries totaled $70 million while the company only made $47 million last year. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. None of the information on this page has been provided or approved by Ford Motor. Fordincluded salary and pay ratiodatafor its full workforce in its annual executive compensation reportto the U.S. Securities and Exchange Commission, a disclosurenow required of companies by the 2010 Dodd-Frank Act. For more information, see ourPrivacy Policy. Concentrix: How can customer data drive a better automotive CX? ein Mensch und keine Maschine sind. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Lamentamos Detroit, Michigan 48207-2997, Automotive News Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. And in 2020, Ford CEO Jim Farley brought home a total of $11.8 million, which was a 41 percent increase over his 2019 compensation, prior to taking over as the automaker's CEO. The company's compensation committee did, however, make a one-time alteration to its bonus plans to reward Ford's top executives for their response to the pandemic. 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Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. Employees did achieve higher compensation than in 2018 (when it was $64,316), but Ford acknowledged that drastic difference came down to pension values and how it calculates compensation figures. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. CHIEF EXECUTIVE OFFICER, FORD MOTOR COMPANY, Member, Board of Directors, Ford Motor Company, Member, board of directors, Ford motor company, MEMBER, BOARD OF DIRECTORS, FORD MOTOR COMPANY, Member, Board of Directors, Ford Motor Company(Lead Independent Director). The most common ethnicity among Ford Motor executive officers is White. See more newsletter options at autonews.com/newsletters. 11% of the management team is Hispanic or Latino. April 27, 2020 / 10:59 PM Farley's included$318,864 for personal use of aircraft. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Fords global purchasing organization is responsible for more than $100 billion in annual spending on production and non-production goods and services around the world.Thai-Tang also has more than 25 years in Product Development, including serving as vice president, Engineering for Global Product Development. If any of the three resort to large-scale layoffs FCA did release 2,000 contract workers in March, and all three have furloughed some employees top executives pay will likely come under intense scrutiny in early 2021. The Free Press noticed a discrepancy of $100,000 in the Lawler compensation from 2020 and Ford noted the company inadvertently reporteda partial compensation category as$112,750 that was actually only $18,281. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Michael Amend, ina new role as of March 2021,was at $12,781,136. In a time where worker anxiety is at its peak during the coronavirus pandemic, time will tell how compensation shifts at all three American automakers in 2020. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. General Motors has notreleased its executive compensationfor 2021. Haig Partners: How are dealerships being valued today? Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. "The Ford Compensation Committee changed its name to the Compensation, Talent and Culture Committee to reflect its responsibilities related to significant people-related strategies to enhance oversight of human capital management," the filing said. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. to let us know you're having trouble. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. per informarci del problema. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. ISSN 2576-1072 (online), Stellantis CEO Tavares' 2022 pay fell 14%, Sponsored Content: 5 Ways to Master Declined Service Follow-ups, Sponsored Content: Auto dealers are here to stay. More: Ford's plan to defer government loan payments a 'concerning sign', More: Ford hires global CMO from eBay amid shakeup in tech, vehicle launches. The report showed Fordemployees earneda median annual total compensation of $61,778 in 2020, down from$110,706 in 2019 and $64,316 in 2018. Join us at www.careers.ford.com! Heres what you need to know. Please select at least one newsletter to subscribe. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. Get started with your Free Employer Profile, average salary for an Executive Director is $129,383 per year in United States, The Ultimate Job Interview Preparation Guide. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. Aydanos a proteger Glassdoor verificando que eres una persona real. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. The estimated base pay is $196,149 per year. William Ford: Executive: Republican Party: $14,200: Henry Ford: Sales/Marketing: Democratic Party: $14,000 . The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. The executives achieved none of their revenue, cash flow or pretax earnings targets because of the pandemic disrupting production and sales, but they exceeded the company's quality targets. 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This material may not be published, broadcast, rewritten, or redistributed. enviando un correo electrnico a ISSN 1557-7686 (online), Fixed Ops Journal Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. Coronavirus Tips Working and Protection, For its 2010 fiscal year, FORD MOTOR CO, listed the following executives on its annual proxy statement to the SEC. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 2020 CBS Broadcasting Inc. All Rights Reserved. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. During the two-week festival, the employee resource group shared a cooking demonstration, a virtual celebration, and a Chinese language and culture course with their fellow employees. ISSN 2576-1072 (online), Stellantis CEO Tavares' 2022 pay fell 14%, Sponsored Content: Drive higher results for your marketing campaigns, Sponsored Content: Upgrade Your Dealership Sales Process to Win Todays Buyers. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. (CBS DETROIT) - Ford is also facing financial issues after its top executive salaries totaled $70 million while the company only made $47 million last year. In a year ravaged by the COVID-19 pandemic . . Bill Ford at $18,662,706, up from $16,046,542 in 2020. West Senior Sales Executive in California makes about $66,604 per year. questo messaggio, invia un'email all'indirizzo Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. Ford Motor Co. requires its CEO and executive chair to use private aircraft in an attempt to maximize their work time and provide additional safety, according to the federal filing. Follow her on Twitter @phoebesaid. Detroit, Michigan Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down, Ford recalls 157K 2021 F-150 pickup trucks for wipers that could fail, Stellantis UAW workforce eligible for $14,670 profit-sharing checks, Ford CEO says automaker is sold out of electric vehicles: What it really means, Barra received a $23.6 million package in 2020, Alexandra Ford English, Henry Ford III win election to Ford Motor board, Ford CEO Jim Farley gave us big clue automaker's stock was going to surge, Ford doubles annual bonuses amid worker fury over controversial formula, Ford's plan to funnel $3B from gas vehicles to fund electric, tech, Ford settles lawsuit alleging automaker targeted high-performing older workers, Your California Privacy Rights/Privacy Policy, John Lawler, CFO, at $9,428,326, up from $5,888,673in 2020. "Mr. Farley is a relatively new CEO leading a successful business transformation and his compensation reflects the change in his position, improvements in the companys performance and Ford+ achievements," she told the Free Press on Friday. The national average salary for a Ford Motor employee in the United States is $66,872 per year. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. The Ford statement filed with federal regulators also noted that the recommended 14-member board of directors would result in four women and two members who identify as being part of minority groups. GM CEO Mary Barra received a $23.6 million package in 2020. $87,464 / yr. What do you think? The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Farley's pay included a $1.4 million base salary, $5.1. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. Ford itemized more than $43 million in executive compensation for its top three executives in 2020: Hackett, Farley and executive chairman Bill Ford, filings show. "Throughout 2020, he provided steady leadership while overseeing new product launches and the launch of the company's 'Built for America' and 'Built to Lend a Hand' campaigns using virtual platforms," the company said of awarding Galhotra an incremental bonus. The document notes Farley's "accession" to CEO led to his unveiling "The Plan: Ford's strategy to speed our transformation, improve execution, and drive growth. We are sorry for the inconvenience. Farley received $685,330. The charts on this page feature a breakdown of the total annual pay for the top executives at FORD MOTOR CO as reported in their proxy statements. The Ford Motor executive team is 35% female and 65% male. ISSN 1557-7686 (online), Fixed Ops Journal View Comments. Field, who also joined the company in September, made $10.8 million in total compensation in 2021, including a $159,092 base salary and $500,000 bonus. Nous sommes dsols pour la gne occasionne. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. 2023 CBS Broadcasting Inc. All Rights Reserved. pour nous faire part du problme. Salary Details for an Executive at Ford Motor Company Updated Jan 12, 2022 United States United States Any Experience Any Experience 0-1 Years 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Search Total Pay Estimate & Range Confident Total Pay $264,216 / yr Base Pay $137,518 / yr All Additional Pay $126,698 / yr $264,216 / yr Total Pay $200K Si vous continuez voir ce That's down slightlyfrom nearly $17.4 million in 2019. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Get a free, personalized salary estimate based on today's job market. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year.
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