ISSN 2576-1064 (print) If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and . Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. Employees in the top 10 percent can make over $120,000 per year, while employees at the bottom 10 percent earn less than $37,000 per year. ISSN 1557-7686 (online), Fixed Ops Journal Nous sommes dsols pour la gne occasionne. In 2021, Ford compensated its 15-member board of directorsin cash, stock and other benefits for a total value of $9,147,002. 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. What do you think? 12% of the management team is Black or African American. 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. "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.". Please indicate whether you are a shareholder, customer, supplier or other interested party. Base salary considers skills, experience and competitive market value. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. The automaker is also trying to. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. 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. Allstate: Compliance standards are changing. 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. Join us at www.careers.ford.com! Steven Croley. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. Hackett was, by a wide margin, Fords largest individual earner in 2019. real person. Fiat Chrysler Automobiles CEO Mike Manley received $14.4 million in 2019, including a $1.3 million bonus and a long-term incentive totaling $9.6 million. The Mustang exterior design manager took a circuitous career route to his current position, but he feels like hes right where he belongs now. 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. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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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. General Motors has notreleased its executive compensationfor 2021. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Have an opinion about this story? Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. Read more on Ford and sign up for our autos newsletter. Former CFO Bob Shanks also received $8.3 million in 2019. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. 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. 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. ; 10% of the management team is Black or African American. For more information, see ourPrivacy Policy. ISSN 0005-1551 (print) Some related job titles areChief Operating Officer salaries with median pay of $354,128,Senior Director salaries with median pay of $326,769,Vice President salaries with median pay of $321,609,CEO salaries with median pay of $377,206. Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Si continas viendo este mensaje, Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Happy Lunar New Year from all of us at Ford! Responses will be sent to those that include a return address, as appropriate. See more newsletter options at autonews.com/newsletters. (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. Heres what you need to know. The information shown here is a reporting of information included in the company's proxy statement. 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. Please enable Cookies and reload the page. He was 52. How accurate is this most likely Total Pay range (base + additional) of $330K-$605K/yr? Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. las molestias. 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). Si vous continuez voir ce GM CEO Mary Barra received a $23.6 million package in 2020. 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. Chief Advanced Product Development and Technology Officer. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. See more newsletter options at autonews.com/newsletters. Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. The estimated additional pay is $243,443 . Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. Se continui a visualizzare FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Heres the next step in their evolution. 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. Global Modern Slavery Statement (view PDF). Tons of great salary information on Indeed.com Onze If you continue to see this Disculpa Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Ford Motor has 186,000 employees, of which 104 are in a leadership position. 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. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. $62,968 / yr. Business Analyst salaries - 93 salaries reported. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Lisa Drake. per informarci del problema. "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. Wir entschuldigen uns fr die Umstnde. 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. 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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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 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. Choose your news we will deliver. Ford also disclosed data for itsother highest-paid current executives in overall compensation in 2020: Bill Ford's benefits included$187,442 for personal use of aircraft and $921,030 for personal security. / CW50 Detroit. 2023 CBS Broadcasting Inc. All Rights Reserved. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. Bill Ford at $18,662,706, up from $16,046,542 in 2020. More: Ford makes come-from-behind push with Mach-E as industry enters new era, More: Ford CEO Jim Farley is doing important work at TCF Center and few know it. 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. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. 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. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. 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 Concentrix: How can customer data drive a better automotive CX? Both were scheduled to be released this year. "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. More: Bill Ford's controversial viewpoint has changed Detroit automaker. We havent detailed which ones," Ford spokesman T.R. 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. 11% of employees are Black or African American. 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. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. 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. Farley received $685,330. The Detroit Free Press broke down the numbers in that report figures which should be a point of sharp focus as Ford, among the other Big Three automakers, navigate the ongoing COVID-19 crisis. Ford executives hit 135 percent of their business performance targets in 2021 compared with just 23 percent the previous year, at the beginning of the coronavirus pandemic. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. Detroit, Michigan 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. 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. Executive Summary. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. $87,464 / yr. Thelower amountin this years filingreflects whatLawler actually received. ", 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'. Concentrix: How can customer data drive a better automotive CX? Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. The company, which plans a reorganization under Farley that will split it into two divisions focused on electric and internal combustion vehicles, listed two newcomers among its five highest-paid executives in 2021: Michael Amend, chief enterprise technology officer, and Doug Field, chief EV and digital systems officer for Ford Model e. Amend, who joined Ford in September, earned $12.8 million in total compensation, including a $227,275 base salary and an $800,000 bonus. The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. 11% of the management team is Hispanic or Latino. 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. ISSN 0005-1551 (print) 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. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 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. Doug Field. Wenn Michael Amend, ina new role as of March 2021,was at $12,781,136. Follow her on Twitter @phoebesaid. 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. Bill Ford at $16,046,542, down from$16.8 millionin 2019. 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? The estimated base pay is $196,149 per year. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. an. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. In a year ravaged by the COVID-19 pandemic . West Senior Sales Executive in California makes about $66,604 per year. 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. 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? Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. "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. 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. John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. The automaker's compensation committee said it calculated Lawler's bonus on a different scale than his colleagues because of his "exceptional performance" in 2021. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. 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. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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GMs Mary Barra earned $21.87 million in 2018. Farley's included$318,864 for personal use of aircraft. Read more on Ford and sign up for our autos newsletter. Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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. View Comments. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. Tommy covers which is better for your buck! However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Click here to submit a Letter to the Editor, and we may publish it in print. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The Detroit News. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. Aydanos a proteger Glassdoor verificando que eres una persona real. 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. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. Lamentamos pelo inconveniente. 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. First published on April 27, 2020 / 10:59 PM. Dianne Craig. Farley's pay included a $1.7 million base salary, up 19 percent over 2020. Process Coach salaries - 86 salaries reported. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . At time of writing, Fords production facilities are shut down for manufacturing vehicles. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. He earned a $1.7. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Heres what you need to know. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. Allstate: Compliance standards are changing. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them.