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. 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. Farley's included$318,864 for personal use of aircraft. 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). 11% of the management team is Hispanic or Latino. 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. 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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. Doug Field. 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. 1155 Gratiot Avenue View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Please select at least one newsletter to subscribe. 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. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. The estimated additional pay is $243,443 . 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. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. 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. And also salary ranges/ benefits for those levels?Current TC: 95k 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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 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. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. We havent detailed which ones," Ford spokesman T.R. The Detroit News. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. 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. 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. Wenn 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). Choose your news we will deliver. At time of writing, Fords production facilities are shut down for manufacturing vehicles. West Senior Sales Executive in California makes about $66,604 per year. CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. The estimated base pay is $196,580 per year. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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. Fords stock prices have also tumbled to just over $4 a share (down over half in March alone), and the company had its credit rating downgraded to junk status on lower demand caused by the coronavirus pandemic, and an outlook that Ford could struggle to maintain a competitive position as it burns through its cash reserves and lines of credit. Happy Lunar New Year from all of us at Ford! 48207-2997, Automotive News Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 tolastOctober. "Specifically, the financial performance of the company was above plan despite production losses due to the semiconductor supply shortage, the dividend was reinstated in the fourth quarter of 2021, and significant efforts were made to strengthen the balance sheet by repurchasing and redeeming $7.6 billion of high-cost debt, deleveraging the balance sheet and significantly reducing our ongoing interest expense.". Bill Ford at $16,046,542, down from$16.8 millionin 2019. Click here to submit a Letter to the Editor, and we may publish it in print. 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. "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. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. Your input helps Glassdoor refine our pay estimates over time. More: Ford doubles annual bonuses amid worker fury over controversial formula, More: Ford's plan to funnel $3B from gas vehicles to fund electric, tech, More: Ford settles lawsuit alleging automaker targeted high-performing older workers. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Base salary considers skills, experience and competitive market value. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. excuses voor het ongemak. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . para nos informar sobre o problema. 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. He earned a $1.7. March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. Choose your news we will deliver. For more information, see ourPrivacy Policy. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. 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The most common ethnicity among Ford Motor executive officers is White. Follow her on Twitter @phoebesaid. CFO Bob Shanks, who was replaced by. 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. 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. None of the information on this page has been provided or approved by Ford Motor. 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? Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. las molestias. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. "Those topics can be competitively sensitive, especially in a period of industry transition.". Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. White is the most common ethnicity company-wide. What do you think? FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Nous sommes dsols pour la gne occasionne. envie um e-mail para "Historically, the Compensation Committee has refrained from exercising its discretion to modify the company's incentive programs, but, with management recommendations and advice from the committee's independent consultant, the committee determined that the unprecedented circumstances of the COVID-19 pandemic warranted such an action for 2020," Ford said in the proxy. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. "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.". Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 62% of the management team is White. 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. Know Your Worth. Its just such a special thing to be part of, Chris says. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. 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. 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 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. naar Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Heres what you need to know. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. 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. 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 . ISSN 0005-1551 (print) 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. See more newsletter options at autonews.com/newsletters. 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. See more newsletter options at autonews.com/newsletters. 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. Product Manager salaries - 112 salaries reported. 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. The estimated additional pay is $244,268 per year. para informarnos de que tienes problemas. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. Lisa Drake. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 2020 CBS Broadcasting Inc. All Rights Reserved. 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. Can someone explain levels hierarchy at Ford? Michael Amend, ina new role as of March 2021,was at $12,781,136. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. CEO Jim Hackett was Ford's top earner, taking home $17.4 million in 2019, according to recent SEC disclosures. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Join us today at www.careers.ford.com and celebrate with us! Edsel B. Ford IIwas paid $811,469. Read more on Ford and sign up for our autos newsletter. questo messaggio, invia un'email all'indirizzo om ons te informeren over dit probleem. ISSN 2576-1064 (print) 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 Aydanos a proteger Glassdoor verificando que eres una persona real. Disculpa You can unsubscribe at any time through links in these emails. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. 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. Responses will be sent to those that include a return address, as appropriate. 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. His responsibilities expanded last year. Click here to submit a Letter to the Editor, and we may publish it in print. You can unsubscribe at any time through links in these emails. 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. 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Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. 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. / CW50 Detroit. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. #WeAreFord Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. 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. 2020 CBS Broadcasting Inc. All Rights Reserved. Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. Steven Croley. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. 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. 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. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Do you want to design products people fall in love with? View Comments. 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Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. 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? Have an opinion about this story? Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. 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. Aydanos a proteger Glassdoor y demustranos que eres una persona real. The estimated base pay is $196,149 per year. 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.