Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. All proxy statements are public filings made available to the general public by the SEC. 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. (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. (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. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. The estimated additional pay is $244,268 per year. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. 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. Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. The estimated total pay for a Executive Director at Ford Motor Company is $440,417 per year. Box 6248, Dearborn, MI 48126, U.S.A. "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.". 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 Wenn Please select at least one newsletter to subscribe. The most common ethnicity among Ford Motor executive officers is White. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. Get browser notifications for breaking news, live events, and exclusive reporting. 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. "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. 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. 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. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. 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.". 2020 CBS Broadcasting Inc. All Rights Reserved. #WeAreFord #FordChinese Association More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Do you want to design products people fall in love with? 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. "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. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. In a year ravaged by the COVID-19 pandemic . 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. naar 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. Bill Ford at $16,046,542, down from$16.8 millionin 2019. Bill Ford at $18,662,706, up from $16,046,542 in 2020. 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? Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. At time of writing, Fords production facilities are shut down for manufacturing vehicles. 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. Choose your news we will deliver. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Heres the next step in their evolution. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. First published on April 27, 2020 / 10:59 PM. Concentrix: How can customer data drive a better automotive CX? Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . And also salary ranges/ benefits for those levels?Current TC: 95k 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? For more information, see ourPrivacy Policy. Ford disclosed the salary and pay ratio data for its executives in an annual compensation report to the U.S. Securities and Exchange Commission. 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. 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. Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. 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. 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. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. The Ford Motor executive team is 35% female and 65% male. las molestias. 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 Galhotra made $8.5 million in 2020, including an $865,000 salary. 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. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. You can unsubscribe at any time through links in these emails. Si continas recibiendo este mensaje, infrmanos del problema Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. Detroit, Michigan The national average salary for a Ford Motor employee in the United States is $66,872 per year. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? For more information, see ourPrivacy Policy. Its just such a special thing to be part of, Chris says. 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. 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. 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. Caso continue recebendo esta mensagem, . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Have an opinion about this story? 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. Lamentamos pelo inconveniente. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Aydanos a proteger Glassdoor verificando que eres una persona real. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Choose your news we will deliver. 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. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. Both were scheduled to be released this year. 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. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. 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. 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. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. 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 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. 48207-2997, Automotive News 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. Steven Croley. ein Mensch und keine Maschine sind. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 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 . Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. How accurate is this most likely Total Pay range (base + additional) of $330K-$605K/yr? Chief Advanced Product Development and Technology Officer. Wir entschuldigen uns fr die Umstnde. 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. Tommy covers which is better for your buck! . 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. 2020 CBS Broadcasting Inc. All Rights Reserved. Former CFO Bob Shanks also received $8.3 million in 2019. The annual virtual shareholders meeting is scheduled for May 12. Get a free, personalized salary estimate based on today's job market. Can someone explain levels hierarchy at Ford? Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. The information shown here is a reporting of information included in the company's proxy statement. Please indicate whether you are a shareholder, customer, supplier or other interested party. Als u dit bericht blijft zien, stuur dan een e-mail 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. Tons of great salary information on Indeed.com 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. ISSN 0005-1551 (print) It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. 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Responses will be sent to those that include a return address, as appropriate. 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. CEO Jim Hackett was Ford's top earner, taking home $17.4 million in 2019, according to recent SEC disclosures. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. What do you think? Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. "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 estimated base pay is $196,580 per year. DirectorJon Huntsman was paid the most at$3.9 million. 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. Chief Policy Officer and General Counsel. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. ; 10% of the management team is Black or African American. enva un correo electrnico a You can unsubscribe at any time through links in these emails. 48207-2997, Automotive News pour nous faire part du problme. 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. 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. See more newsletter options at autonews.com/newsletters. 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. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. Follow her on Twitter @phoebesaid. 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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. para informarnos de que tienes problemas. $87,464 / yr. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. 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. 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. 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. Allstate: Compliance standards are changing. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 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. 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. 1155 Gratiot Avenue Farley's pay included a $1.7 million base salary, up 19 percent over 2020. Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. "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. Farley's pay included a $1.4 million base salary, $5.1. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based West Senior Sales Executive in California makes about $66,604 per year. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. 9% of Henry Ford Health System management is Hispanic or Latino. 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 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. Farley's included$318,864 for personal use of aircraft. 12% of the management team is Black or African American. 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. "Those topics can be competitively sensitive, especially in a period of industry transition.". 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. 62% of the management team is White. 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. 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View Comments. Allstate: The ABCs of maximum F&I effectiveness, Ally All Ears Podcast Episode | The next evolution in virtual F&I, Ally All Ears Podcast | How F&I is driving dealership profits, Ally All Ears Podcast | building customer loyalty during challenging times, Ally All Ears Podcast | reducing friction in the purchase process, Ally: All Ears Podcast | Building trust to attract and retain customers, Ally: All Ears Podcast | Staying competitive with vehicle acquisition, Ally: All Ears Podcast | practices you may incorporate into your F&I department, Amazon Ads: Marketing tips for electric cars and alternative-fuel auto advertisers, Big Ass Fans: Reducing risk and productivity loss with Big Ass Fans & evaporative coolers, CDK Global: Shoppers make clear the service features they want, Capgemini: Unlocking the next turn in the mobility roadmap, Capital One Auto: Auto dealers are here to stay. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles 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. Nous sommes dsols pour la gne occasionne. You may also find the annual proxy statement by going directly to the company's website. Read more on Ford and sign up for our autos newsletter. In 2021, Ford compensated its 15-member board of directorsin cash, stock and other benefits for a total value of $9,147,002. The new totals reflect the addition of Alexandra Ford English and Henry Ford III. Se continui a visualizzare He was 52. The automaker is also trying to. Tons of great salary information on Indeed.com "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. 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. 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). "His CEO compensation is 90% performance based and is in line with his industry peers.". Onze Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. His compensation also included $830,305 for personal use of aircraft.

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