Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. Ford Motor is 34% female and 66% male company-wide. His compensation also included $830,305 for personal use of aircraft. Joseph "Chef Joe" Nader Jr., executive chef and former owner of a well-known chocolatier business and a meal prep business, has died. Lisa Drake. 9% of Henry Ford Health System management is Hispanic or Latino. "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 Ford Motor executive team is 35% female and 65% male. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. 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 FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. envie um e-mail para The estimated additional pay is $243,443 . 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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. Have an opinion about this story? Reid emailedthe Free Press in March. 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. Wir entschuldigen uns fr die Umstnde. 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. Doug Field. 11% of the management team 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. #WeAreFord 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. 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. The data presented on this page does not represent the view of Ford Motor and its employees or that of Zippia. 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. 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. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 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? If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. Have an opinion about this story? 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. 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. 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. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Detroit, Michigan In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. Michael Amend, ina new role as of March 2021,was at $12,781,136. 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. Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. / CW50 Detroit. And also salary ranges/ benefits for those levels?Current TC: 95k om ons te informeren over dit probleem. It's the Year of the Rabbit! Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. 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. Ford Motor has 186,000 employees, of which 104 are in a leadership position. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. 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. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. 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. "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. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. (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. 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 MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Tons of great salary information on Indeed.com ", 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'. Global Modern Slavery Statement (view PDF). John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. to let us know you're having trouble. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. 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? Manley earned 232 times the average FCA employee, whose total compensation was $62,259, as reported by the Detroit Free Press. Farley's included$318,864 for personal use of aircraft. Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. 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 listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. Follow her on Twitter @phoebesaid. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. 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. Bill Ford at $18,662,706, up from $16,046,542 in 2020. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. See more newsletter options at autonews.com/newsletters. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. 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. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? ein Mensch und keine Maschine sind. 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Concentrix: How can customer data drive a better automotive CX? GM has not yet reported her total compensation for 2019. 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. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. $77,253 / yr. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . That's down slightlyfrom nearly $17.4 million in 2019. 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. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. 2020 CBS Broadcasting Inc. All Rights Reserved. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. You may also find the annual proxy statement by going directly to the company's website. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. message, contactez-nous l'adresse Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. ; 10% of the management team is Black or African American. 1155 Gratiot Avenue Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. Please select at least one newsletter to subscribe. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. 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. The changes would apply to Galhotra, CEO Jim Farley, Executive Chair Bill Ford Jr. and other senior leaders. In 2021, Ford compensated its 15-member board of directorsin cash, stock and other benefits for a total value of $9,147,002. 62% of the management team is White. Stone earned $6.2 million, including a salary of just more than $1 million. 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. The estimated base pay is $196,580 per year. Please enable Cookies and reload the page. 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. Executive Summary. Hackett was, by a wide margin, Fords largest individual earner in 2019. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Click here to submit a Letter to the Editor, and we may publish it in print. What do you think? Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. Onze Get started with your Free Employer Profile, average salary for an Executive Director is $129,383 per year in United States, The Ultimate Job Interview Preparation Guide. 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. 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. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Choose your news we will deliver. Chief Policy Officer and General Counsel. Bill Ford at $16,046,542, down from$16.8 millionin 2019. 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. scusiamo se questo pu causarti degli inconvenienti. 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. "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. 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. Its just such a special thing to be part of, Chris says. 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. 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. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de 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. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. The Mustang exterior design manager took a circuitous career route to his current position, but he feels like hes right where he belongs now. The most common ethnicity among Ford Motor executive officers is White. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. 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. "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. "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. Base salary considers skills, experience and competitive market value. Se continui a visualizzare Based in Brazil, he oversaw the development of new products for value markets and led the emergence of FSAO as a global product development center. Allstate: Compliance standards are changing. 2020 CBS Broadcasting Inc. All Rights Reserved. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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"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 national average salary for a Ford Motor employee in the United States is $66,872 per year. President, Lincoln. 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. The information shown here is a reporting of information included in the company's proxy statement. March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Please help us protect Glassdoor by verifying that you're a The Detroit News. 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. Si continas viendo este mensaje, Farley's pay included a $1.4 million base salary, $5.1. . Wenn 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. Product Manager salaries - 112 salaries reported. 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. View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. 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. 11% of employees are Black or African American. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. 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. 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. Lamentamos pelo inconveniente. 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

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