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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. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. ; 11% of Ford Motor management is Hispanic or Latino. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Based on 4 salaries posted anonymously by Ford Motor Company Executive Director employees in Freeport, MI. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. 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. per informarci del problema. Farley's pay included a $1.7 million base salary, up 19 percent over 2020. Ford CEO Jim Hackett told employees Thursday that the company's top 300 executives will defer 20 percent to 50 percent of their pay for at least five months starting May 1 due to the. 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. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de para informarnos de que tienes problemas. ISSN 2576-1064 (print) First published on April 27, 2020 / 10:59 PM. 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. Your input helps Glassdoor refine our pay estimates over time. He was 52. At time of writing, Fords production facilities are shut down for manufacturing vehicles. ISSN 2576-1064 (print) "Jim (Hackett) has been advising (Executive Chairman)Bill Ford and the management team on strategic issues. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. "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. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. Contact Phoebe Wall Howard: 313-618-1034 or [email protected]. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. Concentrix: How can customer data drive a better automotive CX? Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. scusiamo se questo pu causarti degli inconvenienti. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 1155 Gratiot Avenue 11% of employees are Black or African American. Aydanos a proteger Glassdoor verificando que eres una persona real. CEO, Ford Pro. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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? Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. 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 . los inconvenientes que esto te pueda causar. It's the Year of the Rabbit! He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. More: Bill Ford's controversial viewpoint has changed Detroit automaker. ISSN 1557-7686 (online), Fixed Ops Journal Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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. 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. 1155 Gratiot Avenue $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. 2020 CBS Broadcasting Inc. All Rights Reserved. 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? GM CEO Mary Barra received a $23.6 million package in 2020. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Ford last year recorded its first net loss since the Great Recession $1.3 billion mostly as a result of the pandemic, and revenue fell 9 percent. 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. "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. 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. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. You can unsubscribe at any time through links in these emails. The Ford Motor executive team is 35% female and 65% male. Join us today at www.careers.ford.com and celebrate with us! His responsibilities expanded last year. Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. 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. Like generations of leaders before them, they understand that by helping to create a world with fewer obstacles and limits, we help people to move forward and upward. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. The national average salary for a Ford Motor employee in the United States is $66,872 per year. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. 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. His compensation included $187,442 for personal use of aircraft and $921,030 for security. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. "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.". 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Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. Galhotra made $8.5 million in 2020, including an $865,000 salary. 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. We are sorry for the inconvenience. 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. 62% of the management team is White. 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. Bill Ford at $16,046,542, down from$16.8 millionin 2019. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. 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. Follow her on Twitter @phoebesaid. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. 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 Executive Summary. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. 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. ein Mensch und keine Maschine sind. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. (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. Click here to submit a Letter to the Editor, and we may publish it in print. Box 6248, Dearborn, MI 48126, U.S.A. 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. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. Haig Partners: How are dealerships being valued today? Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. (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. . The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. Know Your Worth. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. Heres the next step in their evolution. 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. The changes would apply to Galhotra, CEO Jim Farley, Executive Chair Bill Ford Jr. and other senior leaders. And also salary ranges/ benefits for those levels?Current TC: 95k ISSN 0005-1551 (print) verdade. Ford's 2021 revenue totaled $136 billion, up from $127 billion in 2020, marking the second consecutive year it generated more revenue than General Motors. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. 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. ; 61% of the management team is White. om ons te informeren over dit probleem. 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. ", 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'. #WeAreFord Global Modern Slavery Statement (view PDF). 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. "His CEO compensation is 90% performance based and is in line with his industry peers.". Click here to submit a Letter to the Editor, and we may publish it in print. Tons of great salary information on Indeed.com 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. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? 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. 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). $77,253 / yr. Ford disclosed the salary and pay ratio data for its executives in an annual compensation report to the U.S. Securities and Exchange Commission. His compensation also included $830,305 for personal use of aircraft. For more information, see ourPrivacy Policy. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. 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 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 After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them.

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