"He did an exceptional job in his role as chief financial officer in 2021 despite very significant financial headwinds caused by the continuing effects of the COVID-19 pandemic and global supply chain issues, which significantly impacted our vehicle volume production," the board committee wrote. scusiamo se questo pu causarti degli inconvenienti. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. to let us know you're having trouble. 1155 Gratiot Avenue In addition to the executive salaries, Ford Executive Chairman Bill Ford Jr., great-grandson of company founder Henry Ford, will defer 100% of his cash salary. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. The Ford Motor executive team is 35% female and 65% male. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. 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. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. pour nous faire part du problme. In this role, he is globally responsible for overseeing all aspects of the companys design, engineering, research and product development, as well as purchasing operations.He most recently has served as group vice president, Global Purchasing, a position Thai-Tang has held since August 1, 2013. Allstate: Compliance standards are changing. 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. Ford reported Farley's CEOpay as$12,491,540 when annualized, or202 times more than the median compensation for all its employees, excluding the CEO. 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Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business. Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. 62% of the management team is White. The new totals reflect the addition of Alexandra Ford English and Henry Ford III. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Concentrix: How can customer data drive a better automotive CX? In this week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? 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? 2023 CBS Broadcasting Inc. All Rights Reserved. Ford itemized more than $74.5 million in executive compensation for its top five executives in 2021: Farley, chief financial officer John Lawler, board chair Bill Ford, chief enterprise. First published on April 27, 2020 / 10:59 PM. Despite challenges from semiconductor shortages, Ford posted 2021 net income of $17.9 billionafter racking up a $1.3 billion loss in 2020 as the pandemic spread. Additional pay could include bonus, stock, commission, profit sharing or tips. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . Farley's benefits included$830,305 for personal use of aircraft while Bill Ford's benefits included$400,895 for personal use of aircraft and $1,340,817 for security, according to the filing Friday. Please select at least one newsletter to subscribe. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Thorough reviews have been conducted to assure this data accurately reflects disclosures. President, Lincoln. 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. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Joseph "Chef Joe" Nader Jr., executive chef and former owner of a well-known chocolatier business and a meal prep business, has died. Happy Lunar New Year from all of us at Ford! Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . Si continas viendo este mensaje, Bill Ford at $16,046,542, down from$16.8 millionin 2019. April 27, 2020 / 10:59 PM If you continue to see this We are sorry for the inconvenience. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Detroit, Michigan However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? FORD MOTOR CO Executive Salaries & Other Compensation - Salary.com Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Wir entschuldigen uns fr die Umstnde. para informarnos de que tienes problemas. His compensation included $187,442 for personal use of aircraft and $921,030 for security. Ford reports CEO Jim Hackett, executives 2019 compensation / CW50 Detroit. Read more on Ford and sign up for our autos newsletter. $62,968 / yr. Business Analyst salaries - 93 salaries reported. More: Alexandra Ford English, Henry Ford III win election to Ford Motor board, More: Ford CEO Jim Farley gave us big clue automaker's stock was going to surge. The estimated base pay is $196,149 per year. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. Average Ford Motor Company Salary | PayScale In A Wave Of Awful Car Sales, Tesla Still Managed A Strong Performance, The BMW R18 Is A Modern Throwback With The Brands Most Powerful Boxer Engine Ever, Auto Theft Is a Growing Epidemic, And You Really Need to Watch Out In These States, The Final Dodge Last Call Model Is Almost Here and Its Packing 7.1 Extra Pounds ofSomething, Nissan Recall: More Than 800,000 Rogue, Rogue Sport Models May Have Ignition Key Problem. 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. Former Ford CEO Jim Hackettreceived total compensation of $16.7 million in 2020 for running the company for nine months, according to documents the Dearborn automakerreleased Thursday. Joe Nader, the former executive chef at Ford Field, dies at 52 Box 6248, Dearborn, MI 48126, U.S.A. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. om ons te informeren over dit probleem. ", More: Ford puts 4 properties on the selling block, 35 sites under review in Dearborn area, More: Michigan Central Station on track for 2022 finish: 'This is a Phoenix rising'. message, please email 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. Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. 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. Jim Farley promises 'Detroit swagger' will carry Ford from Model T to Mach-E. president of new business, technology and strategy, Bill Ford's controversial viewpoint has changed Detroit automaker, Ford makes come-from-behind push with Mach-E as industry enters new era, Ford CEO Jim Farley is doing important work at TCF Center and few know it, Ford's plan to defer government loan payments a 'concerning sign', Ford hires global CMO from eBay amid shakeup in tech, vehicle launches, Bill Ford describes his future, role of daughter as first female Ford family member on board, Despite COVID-19 and scandal, UAW income and strike fund grow with steady membership, Ford puts 4 properties on the selling block, 35 sites under review in Dearborn area, Michigan Central Station on track for 2022 finish: 'This is a Phoenix rising', Your California Privacy Rights/Privacy Policy. White is the most common ethnicity company-wide. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie per informarci del problema. 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. Ford Company Executive Salaries Top $70M While Ford Made Only $47M Responses will be sent to those that include a return address, as appropriate. . Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. Farley's pay included a $1.4 million base salary, $5.1 million in stock awards and nearly $4.2 million in other awards, according to the company's annual proxy statement filed Thursday. 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. Follow her on Twitter @phoebesaid. 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. Ford CEO Jim Farley received total compensation of $22,813,174in 2021for running the company, according to documents the Dearborn automakerreleased Friday. 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. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. The changes would apply to Galhotra, CEO Jim Farley, Executive Chair Bill Ford Jr. and other senior leaders. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. GM CEO Mary Barra received a $23.6 million package in 2020. The Henry - Autograph Collection Jobs Near Me, Maintenance Supervisor jobs at Ford Motor, Production Team Member jobs at Ford Motor, Human Resources Associate jobs at Ford Motor, Senior Software Engineer jobs at Ford Motor, Software Development Engineer jobs at Ford Motor, Embedded Software Engineer jobs at Ford Motor. In this capacity, he directed all global engineering for car, truck, SUV and crossover vehicles for the Ford and Lincoln brands in support of the One Ford plan.Thai-Tang also was executive director of Global Product Programs, and director of Advanced Product Creation and Special Vehicle Team (SVT). 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. Average Salaries at Ford Motor Company Popular Roles Automotive Technician $22.33 per hour Finance Manager $143,887 per year Engineering Supervisor $143,950 per year Installation & Maintenance Technician $18.87 per hour Mechanic $20.12 per hour Maintenance Supervisor $41.64 per hour Software Development Software Engineer $92,535 per year John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. The automaker is also trying to figure out when to release its highly anticipated Ford Bronco and F-150. None of the information on this page has been provided or approved by Ford Motor. Edsel B. Ford IIwas paid $811,469. Reid emailedthe Free Press in March. The Mustang exterior design manager took a circuitous career route to his current position, but he feels like hes right where he belongs now. enviando un correo electrnico a Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. West Senior Sales Executive in California makes about $66,604 per year. 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. The estimated total pay for a Executive Director at Ford Motor Company is $440,417 per year. "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. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. 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). You may also find the annual proxy statement by going directly to the company's website. In addition to Farley, Ford also disclosed its top executive pay in 2021: Payments to Amend and Field reflect signing bonuses, with $800,000 for Amend and $500,000 for Field, the federal filing said Friday. "Mr. Thai-Tang sets a high standard of leadership behavior and was invaluable in supporting the CEO transition and internal reorganizations under his team," the company said. Aydanos a proteger Glassdoor verificando que eres una persona real. The estimated additional pay is $243,443 . Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. 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. The Final Dodge Last Call Model Is Almost Here and Its Nissan Recall: More Than 800,000 Rogue, Rogue Sport Models May Have Ford Announces 2024 Mustang Pricing, With the Dark Horse Landing Just You Normally Wouldnt Call a Honda CR-V Badass, But This 800-Horsepower Refreshed 2024 Hyundai Kona Unveiled: Heres a Preview of Whats Coming. Snow Review & AWD Slip Test: Is the 2023 Lexus NX Fords Bronco Secret Almost Nobody Knows About: This Is the BEST $30K Shootout: Which Affordable New EV Is Best? You can unsubscribe at any time through links in these emails. The Times-Union compiled a list of the. His compensation also included $830,305 for personal use of aircraft. Ford's biggest individual earner last year was Farley, whosetotal compensation broke down as $1.7million in salary,$16millionin stock awards, nearly $3.7 millionin incentive plan compensation,and about $1.4 millionin other payments. DETROIT Ford Motor Co. CEO Jim Farley's total compensation soared 93 percent to $22.8 million in 2021, his first full year as the company's chief executive. 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. In 2020, Ford compensated its directors in cash, stock and other benefits from$96,760 for director Jon Huntsman to $996,733 for director Edsel B.Ford II, which reflectsconsulting fees. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. The most common ethnicity among Ford Motor executive officers is White. Ford Motor is 34% female and 66% male company-wide. Lisa Drake. More: Ford recalls 157K 2021 F-150 pickup trucks for wipers that could fail, More: Stellantis UAW workforce eligible for $14,670 profit-sharing checks, More: Ford CEO says automaker is sold out of electric vehicles: What it really means. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 12% of the management team is Black or African American. 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. Haig Partners: How are dealerships being valued today? not enough compared to other companies., Ford put the world on wheels over a century ago, but weve always thought like a start-up. Choose your news we will deliver. 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. Join us today at www.careers.ford.com and celebrate with us! Farley's pay included a $1.7 million base salary, up 19 percent over 2020. 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. (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. 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. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. Si continas recibiendo este mensaje, infrmanos del problema 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. All proxy statements are public filings made available to the general public by the SEC. 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. And also salary ranges/ benefits for those levels?Current TC: 95k The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. . Si vous continuez voir ce Ford releases 2020 salaries, comp pay for executive team That's down slightlyfrom nearly $17.4 million in 2019. Stellantis CEO Carlos Tavares made $21M in 2021. Heres what you need to know. Farley's pay included a $1.4 million base salary, $5.1. GM has not yet reported her total compensation for 2019. Know Your Worth. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. Zippia gives an in-depth look into the details of Ford Motor, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ford Motor. Under The Plan, we will turnourbusinessaround by modernizing how we operate, simplifying our processes, building on our strengths, exploring new opportunities, caringforeachotherandourcustomers,and leading the electrification revolution in areas of strength. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. How accurate is this most likely Total Pay range (base + additional) of $330K-$605K/yr? Galhotra made $8.5 million in 2020, including an $865,000 salary. Manley earned 232 times the average FCA employee, whose total compensation was $62,259, as reported by the Detroit Free Press. Both were scheduled to be released this year. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. Choose your news we will deliver. The surveyed salaries which covered 54 people, because several earned identical salaries - added up to about $10.7 million in the 2019-20 budget year. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. For more information, see ourPrivacy Policy. 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. Sales Executive - Hinderliter de Llamas & Associates Our Leadership - Ford Corporate 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. 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. 11% of employees are Black or African American. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. For more information, see ourPrivacy Policy. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 tolastOctober. His $17.4 million in total compensation was down slightly from $17.8 million in 2018, but he still earned 157 times the average employees median total compensation of $110,706. Henry Ford Health System Leadership: Executives and Demographics - Zippia General Summary Under limited supervision from a Senior Level Executive in Leadership Salary Grade M10 and above or Henry Ford Medical Group Chair, provides personal and administrative support . Michael Amend, ina new role as of March 2021,was at $12,781,136. Hackett was, by a wide margin, Fords largest individual earner in 2019. 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. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. Disculpa #WeAreFord 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. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. More: Bill Ford describes his future, role of daughter as first female Ford family member on board, More: Despite COVID-19 and scandal, UAW income and strike fund grow with steady membership, The proxyreport is prepared in advance of a May 13 virtual annual shareholders meeting. Managing Director, Product Development, Ford-Werke GmbH, and Executive Director, Engineering, Ford of Europe Dave Bozeman Vice President, Ford Customer Service Division, Enthusiast Vehicles, Ford Blue ISSN 0005-1551 (print) View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. 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. 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