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. Galhotra made $8.5 million in 2020, including an $865,000 salary. excuses voor het ongemak. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Nader, of Plymouth, died on Thursday, March 2, at . He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. The estimated base pay is $196,149 per year. It's the Year of the Rabbit! Read more on Ford and sign up for our autos newsletter. los inconvenientes que esto te pueda causar. In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. 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. "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. The national average salary for a Ford Motor employee in the United States is $66,872 per year. Chief Advanced Product Development and Technology Officer. This report is not for commercial use. 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. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. In this week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? 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. Stellantis CEO Carlos Tavares made $21M in 2021. 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. The ratio of the CEO's total compensation to the medianof all employees' total compensation is 356 to 1. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. 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. 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. Please select at least one newsletter to subscribe. om ons te informeren over dit probleem. The data presented on this page does not represent the view of Ford Motor and its employees or that of Zippia. $77,253 / yr. Exterior Design Manager Reflects on Passion for Mustang, Development of All-New Model. pour nous faire part du problme. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Lisa Drake. Nous sommes dsols pour la gne occasionne. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. Follow her on Twitter @phoebesaid. enviando un correo electrnico a The new totals reflect the addition of Alexandra Ford English and Henry Ford III. 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. 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. 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. "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. 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. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. The information shown here is a reporting of information included in the company's proxy statement. The most common ethnicity among Ford Motor executive officers is White. 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. He was 52. ein Mensch und keine Maschine sind. 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. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. 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. The estimated additional pay is $244,268 per year. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. 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"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. 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. "Those topics can be competitively sensitive, especially in a period of industry transition.". 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Get browser notifications for breaking news, live events, and exclusive reporting. naar "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. 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. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. 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. 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. . enva un correo electrnico a The Detroit News. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. 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. 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Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. Se continui a visualizzare Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. to let us know you're having trouble. General Motors has notreleased its executive compensationfor 2021. Ford CEO Jim Farley received total compensation of $22,813,174in 2021for running the company, according to documents the Dearborn automakerreleased Friday. 1155 Gratiot Avenue "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. 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. envie um e-mail para 62% of the management team is White. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. The company's 2021 earnings included a $7.4 billion profit in North America. All proxy statements are public filings made available to the general public by the SEC. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. 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. message, contactez-nous l'adresse 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. You can unsubscribe at any time through links in these emails. Based on 4 salaries posted anonymously by Ford Motor Company Executive Director employees in Freeport, MI. 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. ISSN 0005-1551 (print) Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. For more information, see ourPrivacy Policy. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. Detroit, Michigan Bill Ford at $18,662,706, up from $16,046,542 in 2020. Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. GM has not yet reported her total compensation for 2019. 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. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. CEO, Ford Pro. 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. 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. 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. 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. We are sorry for the inconvenience. First published on April 27, 2020 / 10:59 PM. Please help us protect Glassdoor by verifying that you're a The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. 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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. Ford Motor is 34% female and 66% male company-wide. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Allstate: Compliance standards are changing. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 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. Aydanos a proteger Glassdoor verificando que eres una persona real. Ci While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. The estimated base pay is $196,580 per year. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie "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.". Farley received $685,330. 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Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. Former CFO Bob Shanks also received $8.3 million in 2019. Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. 2,231 employees received more than $100,000 in compensation with the 17 most highly compensated employees listed below: $4,746,145: Nancy M Schlicting, CEO, Trustee 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. 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? CFO Bob Shanks, who was replaced by. 48207-2997, Automotive News 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. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. See more newsletter options at autonews.com/newsletters. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Additional pay could include bonus, stock, commission, profit sharing or tips. Get a free, personalized salary estimate based on today's job market. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . questo messaggio, invia un'email all'indirizzo Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. "His CEO compensation is 90% performance based and is in line with his industry peers.". . 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. las molestias. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 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. Executive Summary. ; 11% of Ford Motor management is Hispanic or Latino. The Times-Union compiled a list of the. 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Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. His responsibilities expanded last year. #WeAreFord #FordChinese Association Haig Partners: How are dealerships being valued today? Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. DirectorJon Huntsman was paid the most at$3.9 million. Hackett was, by a wide margin, Fords largest individual earner in 2019. not enough compared to other companies., Ford put the world on wheels over a century ago, but weve always thought like a start-up. ISSN 2576-1064 (print) That's down slightlyfrom nearly $17.4 million in 2019. You may also find the annual proxy statement by going directly to the company's website. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. And also salary ranges/ benefits for those levels?Current TC: 95k Thelower amountin this years filingreflects whatLawler actually received. $62,968 / yr. Business Analyst salaries - 93 salaries reported. Aydanos a proteger Glassdoor y demustranos que eres una persona real. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. More: Bill Ford's controversial viewpoint has changed Detroit automaker. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . Member, Board of Directors, Ford Motor Company Alexandra Ford English Member, Board of Directors, Ford Motor Company HENRY FORD III Member, board of directors, Ford motor company William W. Helman IV Member, Board of Directors, Ford Motor Company Jon M. Huntsman, JR Vice Chair, Policy, Ford Motor Company WILLIAM E. KENNARD Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. Farley's pay included a $1.7 million base salary, up 19 percent over 2020. 2020 CBS Broadcasting Inc. All Rights Reserved. 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. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. Bill Ford at $16,046,542, down from$16.8 millionin 2019. / CW50 Detroit. Choose your news we will deliver. GM CEO Mary Barra received a $23.6 million package in 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. 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. $87,464 / yr. "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. Allstate: Compliance standards are changing. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. 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. Farley's pay included a $1.4 million base salary, $5.1. Read more on Ford and sign up for our autos newsletter. Ford Motor has 186,000 employees, of which 104 are in a leadership position. William Ford: Executive: Republican Party: $14,200: Henry Ford: Sales/Marketing: Democratic Party: $14,000 . Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. Follow her on Twitter @phoebesaid. 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 . Heres the next step in their evolution. If you continue to see this This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. Henry Ford III, great-great-grandson of the founder, was paid $331,401. Concentrix: How can customer data drive a better automotive CX? 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. Please indicate whether you are a shareholder, customer, supplier or other interested party. Chief Policy Officer and General Counsel. 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. Caso continue recebendo esta mensagem, The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Ford disclosed the salary and pay ratio data for its executives in an annual compensation report to the U.S. Securities and Exchange Commission. 48207-2997, Automotive News 11% of the management team is Hispanic or Latino. West Senior Sales Executive in California makes about $66,604 per year. April 27, 2020 / 10:59 PM Tommy covers which is better for your buck! "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.