"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. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. ISSN 0005-1551 (print) Stellantis CEO Carlos Tavares made $21M in 2021. 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. GMs Mary Barra earned $21.87 million in 2018. 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. Join us at www.careers.ford.com! 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. excuses voor het ongemak. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. 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. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . 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. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Ford Motor is 34% female and 66% male company-wide. 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. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. Detroit, Michigan 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. 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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. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. Can someone explain levels hierarchy at Ford? That's up from $8,361,479 in 2019. 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. Haig Partners: How are dealerships being valued today? ISSN 1557-7686 (online), Fixed Ops Journal Chief Advanced Product Development and Technology Officer. Please enable Cookies and reload the page. See more newsletter options at autonews.com/newsletters. las molestias. 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 . 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. 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. Please select at least one newsletter to subscribe. In 2021, Ford compensated its 15-member board of directorsin cash, stock and other benefits for a total value of $9,147,002. CEO, Ford Pro. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. Allstate: Compliance standards are changing. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 11% of the management team is Hispanic or Latino. The information shown here is a reporting of information included in the company's proxy statement. 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. 2020 CBS Broadcasting Inc. All Rights Reserved. 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. 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. For more information, see ourPrivacy Policy. (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. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. 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. Box 6248, Dearborn, MI 48126, U.S.A. 12% of the management team is Black or African American. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Wenn Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Content in this story was edited after publishing. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. This material may not be published, broadcast, rewritten, or redistributed. 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. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. 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. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. In a year ravaged by the COVID-19 pandemic . Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. an. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. . The new totals reflect the addition of Alexandra Ford English and Henry Ford III. "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. 62% of the management team is White. "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. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. 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. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. Michael Amend, ina new role as of March 2021,was at $12,781,136. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. Manley earned 232 times the average FCA employee, whose total compensation was $62,259, as reported by the Detroit Free Press. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 48207-2997, Automotive News Process Coach salaries - 86 salaries reported. The automaker is also trying to figure out when to release its highly anticipated Ford Bronco and F-150. We are sorry for the inconvenience. GM CEO Mary Barra received a $23.6 million package in 2020. Have an opinion about this story? 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 DirectorJon Huntsman was paid the most at$3.9 million. 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. enviando un correo electrnico a enva un correo electrnico 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.". The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. The annual virtual shareholders meeting is scheduled for May 12. None of the information on this page has been provided or approved by Ford Motor. Farley received $685,330. 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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Heres the next step in their evolution. 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. 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. ISSN 2576-1072 (online), Stellantis CEO Tavares' 2022 pay fell 14%, Sponsored Content: Drive higher results for your marketing campaigns, Sponsored Content: Upgrade Your Dealership Sales Process to Win Todays Buyers. 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. That's down slightlyfrom nearly $17.4 million in 2019. 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. It's the Year of the Rabbit! Please indicate whether you are a shareholder, customer, supplier or other interested party. Heres what you need to know. 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. 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. What do you think? 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. General Motors has notreleased its executive compensationfor 2021. ", 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'. 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? (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. Happy Lunar New Year from all of us at Ford! Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. ISSN 2576-1064 (print) CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. The national average salary for a Ford Motor employee in the United States is $66,872 per year. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. 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. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. "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. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. 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 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. If you continue to see this 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. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . We havent detailed which ones," Ford spokesman T.R. 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. You can unsubscribe at any time through links in these emails. 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. Caso continue recebendo esta mensagem, Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. 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. Onze The estimated base pay is $196,580 per year. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Steven Croley. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. to let us know you're having trouble. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 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Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. The Detroit News. Do you want to design products people fall in love with? 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. All proxy statements are public filings made available to the general public by the SEC. The changes would apply to Galhotra, CEO Jim Farley, Executive Chair Bill Ford Jr. and other senior leaders. View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. 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) 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. 1155 Gratiot Avenue Bill Ford at $18,662,706, up from $16,046,542 in 2020. "Jim (Hackett) has been advising (Executive Chairman)Bill Ford and the management team on strategic issues. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. The estimated additional pay is $244,268 per year. The Ford Motor executive team is 35% female and 65% male. Read more on Ford and sign up for our autos newsletter. 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. ein Mensch und keine Maschine sind. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Follow her on Twitter @phoebesaid. para nos informar sobre o problema. Wir entschuldigen uns fr die Umstnde. 2020 CBS Broadcasting Inc. All Rights Reserved. Product Manager salaries - 112 salaries reported. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. Farley's pay included a $1.4 million base salary, $5.1. Nous sommes dsols pour la gne occasionne. $87,464 / yr. First published on April 27, 2020 / 10:59 PM. 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. Former CFO Bob Shanks also received $8.3 million in 2019. Sales Associate salaries - 84 salaries reported. 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. "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. Heres what you need to know. Please select at least one newsletter to subscribe. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 1155 Gratiot Avenue Als u dit bericht blijft zien, stuur dan een e-mail Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Haig Partners: How are dealerships being valued today? Choose your news we will deliver. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Galhotra made $8.5 million in 2020, including an $865,000 salary. What do you think? NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Henry Ford III, great-great-grandson of the founder, was paid $331,401. om ons te informeren over dit probleem. naar envie um e-mail para Tommy covers which is better for your buck! Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Aydanos a proteger Glassdoor verificando que eres una persona real. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. Disculpa The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. message, please email 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. Farley's included$318,864 for personal use of aircraft. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Get browser notifications for breaking news, live events, and exclusive reporting. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. Global Modern Slavery Statement (view PDF). 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 starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. Responses will be sent to those that include a return address, as appropriate. Cox: Automation and the future of automotive retail, Cox: Transformation toward eCommerce in automotive retailing, Cox: Transforming F&I for Automotive eCommerce, Deloitte: ACCELERATING DIVERSITY, EQUITY AND INCLUSION, Easycare: Reinventing the service contract for EVs, Easycare: The importance of benchmarking your reinsurance performance, Effectv: Why Customer Lifetime Value Should Be the Auto Advertising Buzz Word for 2023, Experian, GroundfTruth and Spectrum Reach: Dealership marketing: Navigating automotive advertising in a post-pandemic world, Experian: Evolving identity beyond the who to enable the how, Experian: Three steps to adapting to constant change in automotive marketing, Haig Partners: Buy-Sell Q&A: Where the Automotive M&A Market is heading, Haig: Buy-Sell Q&A | Advisors add value to sales process, Haig: Buy-Sell Q&A | Navigating partial dealership sales, Haig: Buy-Sell Q&A: Future-proofing your dealership.
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