First published on April 27, 2020 / 10:59 PM. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. ISSN 2576-1064 (print) 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 data presented on this page does not represent the view of Ford Motor and its employees or that of Zippia. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. "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. He earned a $1.7. Si continas viendo este mensaje, However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. 1155 Gratiot Avenue Do you want to design products people fall in love with? Follow her on Twitter @phoebesaid. The automaker is also trying to. 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. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. ISSN 1557-7686 (online), Fixed Ops Journal The ratio of the CEO's total compensation to the medianof all employees' total compensation is 356 to 1. 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 estimated additional pay is $244,268 per year. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. los inconvenientes que esto te pueda causar. ISSN 1557-7686 (online), Fixed Ops Journal Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. The automaker is also trying to figure out when to release its highly anticipated Ford Bronco and F-150. 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. 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. Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. 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. ; 10% of the management team is Black or African American. In this capacity, he directed all global engineering for car, truck, SUV and crossover vehicles for the Ford and Lincoln brands in support of the One Ford plan.Thai-Tang also was executive director of Global Product Programs, and director of Advanced Product Creation and Special Vehicle Team (SVT). Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . Steven Croley. 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. Ford Motor has 186,000 employees, of which 104 are in a leadership position. "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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. 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. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. Chief Advanced Product Development and Technology Officer. 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? Alpha One Ford Executive Assistant in the United States makes about $51,689 per year. 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. 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. Nous sommes dsols pour la gne occasionne. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Chief Policy Officer and General Counsel. 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. las molestias. Lamentamos Galhotra made $8.5 million in 2020, including an $865,000 salary. to let us know you're having trouble. Aydanos a proteger Glassdoor verificando que eres una persona real. 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. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. CFO Bob Shanks, who was replaced by. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. (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. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Farley's included$318,864 for personal use of aircraft. verdade. 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. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. His responsibilities expanded last year. The annual virtual shareholders meeting is scheduled for May 12. Base salary considers skills, experience and competitive market value. In 2021, Ford compensated its 15-member board of directorsin cash, stock and other benefits for a total value of $9,147,002. 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 Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. not enough compared to other companies., Ford put the world on wheels over a century ago, but weve always thought like a start-up. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Can someone explain levels hierarchy at Ford? 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. The company's compensation committee did, however, make a one-time alteration to its bonus plans to reward Ford's top executives for their response to the pandemic. 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). Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. Choose your news we will deliver. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. 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. 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 . Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. Farley's pay included a $1.7 million base salary, up 19 percent over 2020. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. 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. 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. 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 Free Press noticed a discrepancy of $100,000 in the Lawler compensation from 2020 and Ford noted the company inadvertently reporteda partial compensation category as$112,750 that was actually only $18,281. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. West Senior Sales Executive in California makes about $66,604 per year. That's up from $8,361,479 in 2019. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. "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. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 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. March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. This material may not be published, broadcast, rewritten, or redistributed. Join us at www.careers.ford.com! Si vous continuez voir ce Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 tolastOctober. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. "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. "Those topics can be competitively sensitive, especially in a period of industry transition.". 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Ford CEO Jim Hackett told employees Thursday that the company's top 300 executives will defer 20 percent to 50 percent of their pay for at least five months starting May 1 due to the. Tons of great salary information on Indeed.com 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. 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 . Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. 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. Caso continue recebendo esta mensagem, 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. Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. See more newsletter options at autonews.com/newsletters. 9% of Henry Ford Health System management is Hispanic or Latino. The estimated total pay for a Executive Director at Ford Motor Company is $440,417 per year. The national average salary for a Ford Motor employee in the United States is $66,872 per year. Lisa Drake. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. 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. What do you think? Contact Phoebe Wall Howard at 313-222-6512 or phoward@freepress.com. 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. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. 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. message, please email Dianne Craig. Manley earned 232 times the average FCA employee, whose total compensation was $62,259, as reported by the Detroit Free Press. Haig Partners: How are dealerships being valued today? Onze 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. real person. 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. 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. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. 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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail You may also find the annual proxy statement by going directly to the company's website. 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. Responses will be sent to those that include a return address, as appropriate. President, Lincoln. None of the information on this page has been provided or approved by Ford Motor. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. Its just such a special thing to be part of, Chris says. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Executive Summary. That's down slightlyfrom nearly $17.4 million in 2019. Haig Partners: How are dealerships being valued today? 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. "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.". John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. 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Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. In this week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. 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. Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. pour nous faire part du problme. Please help us protect Glassdoor by verifying that you're a Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. ISSN 0005-1551 (print) The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. Content in this story was edited after publishing. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. enviando un correo electrnico a Know Your Worth. 1155 Gratiot Avenue Ci Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. Aydanos a proteger Glassdoor y demustranos que eres una persona real. More: Bill Ford's controversial viewpoint has changed Detroit automaker. Thelower amountin this years filingreflects whatLawler actually received. 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