Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. The Times-Union compiled a list of the. 1155 Gratiot Avenue FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. See more newsletter options at autonews.com/newsletters. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The estimated base pay is $196,580 per year. 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. 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 employee data is based on information from people who have self-reported their past or current employments at Ford Motor. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. That's down slightlyfrom nearly $17.4 million in 2019. President, Lincoln. Click here to submit a Letter to the Editor, and we may publish it in print. Join us at www.careers.ford.com! Have an opinion about this story? Joseph "Chef Joe" Nader Jr., executive chef and former owner of a well-known chocolatier business and a meal prep business, has died. 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 . Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. 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. Happy Lunar New Year from all of us at Ford! Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. ISSN 2576-1064 (print) At time of writing, Fords production facilities are shut down for manufacturing vehicles. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. envie um e-mail para 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. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. 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. 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. The national average salary for a Ford Motor employee in the United States is $66,872 per year. Product Manager salaries - 112 salaries reported. 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 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 ISSN 1557-7686 (online), Fixed Ops Journal The Detroit News. 12% of the management team is Black or African American. ISSN 2576-1064 (print) Executive Summary. an. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. The estimated base pay is $196,149 per year. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Chief Advanced Product Development and Technology Officer. Si continas viendo este mensaje, 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. Former CFO Bob Shanks also received $8.3 million in 2019. Ford Motor has 186,000 employees, of which 104 are in a leadership position. 11% of employees are Black or African American. 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. Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. You can unsubscribe at any time through links in these emails. GM CEO Mary Barra received a $23.6 million package 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? 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. ; 11% of Ford Motor management is Hispanic or Latino. 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. More: Bill Ford describes his future, role of daughter as first female Ford family member on board, More: Despite COVID-19 and scandal, UAW income and strike fund grow with steady membership, The proxyreport is prepared in advance of a May 13 virtual annual shareholders meeting. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Thorough reviews have been conducted to assure this data accurately reflects disclosures. John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. Your input helps Glassdoor refine our pay estimates over time. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. 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 Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. What do you think? Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. "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. ein Mensch und keine Maschine sind. naar 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. None of the information on this page has been provided or approved by Ford Motor. Farley's pay included a $1.4 million base salary, $5.1. "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.". 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 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. 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. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. He was 52. Responses will be sent to those that include a return address, as appropriate. 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. 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. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You can unsubscribe at any time through links in these emails. Michael Amend, ina new role as of March 2021,was at $12,781,136. And also salary ranges/ benefits for those levels?Current TC: 95k The ratio of the CEO's total compensation to the medianof all employees' total compensation is 356 to 1. 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. Follow her on Twitter @phoebesaid. 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. 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. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. 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. pour nous faire part du problme. (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. We are sorry for the inconvenience. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. Doug Field. los inconvenientes que esto te pueda causar. "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. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. The company's 2021 earnings included a $7.4 billion profit in North America. Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. 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. 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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 automaker is also trying to figure out when to release its highly anticipated Ford Bronco and F-150. 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. Concentrix: How can customer data drive a better automotive CX? Tons of great salary information on Indeed.com Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Its just such a special thing to be part of, Chris says. 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. / CW50 Detroit. 62% of the management team is White. Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. Als u dit bericht blijft zien, stuur dan een e-mail Haig Partners: How are dealerships being valued today? Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Get browser notifications for breaking news, live events, and exclusive reporting. excuses voor het ongemak. Haig Partners: How are dealerships being valued today? Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? 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. 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. "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. Have an opinion about this story? Hackett was, by a wide margin, Fords largest individual earner in 2019. enviando un correo electrnico a Disculpa FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Steven Croley. 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. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. Please indicate whether you are a shareholder, customer, supplier or other interested party. 9% of Henry Ford Health System management is Hispanic or Latino. What do you think? to let us know you're having trouble. Exterior Design Manager Reflects on Passion for Mustang, Development of All-New Model. 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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. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. 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. General Motors has notreleased its executive compensationfor 2021. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. Content in this story was edited after publishing. The information shown here is a reporting of information included in the company's proxy statement. Process Coach salaries - 86 salaries reported. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie You may also find the annual proxy statement by going directly to the company's website. Base salary considers skills, experience and competitive market value. Ford Motor is 34% female and 66% male company-wide. The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. ; 61% of the management team is White. Allstate: Compliance standards are changing. . Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. 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. 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.