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. CEO Jim Hackett was Ford's top earner, taking home $17.4 million in 2019, according to recent SEC disclosures. Nous sommes dsols pour la gne occasionne. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. What do you think? And also salary ranges/ benefits for those levels?Current TC: 95k The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. 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. 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. Click here to submit a Letter to the Editor, and we may publish it in print. Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. Hackett was, by a wide margin, Fords largest individual earner in 2019. Please select at least one newsletter to subscribe. 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. 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. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. 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. None of the information on this page has been provided or approved by Ford Motor. Sales Associate salaries - 84 salaries reported. Ford Motor has 186,000 employees, of which 104 are in a leadership position. 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. GM CEO Mary Barra received a $23.6 million package in 2020. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Dianne Craig. Farley's pay included a $1.4 million base salary, $5.1. Reid emailedthe Free Press in March. CEO, Ford Pro. Edsel B. Ford IIwas paid $811,469. 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. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. 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. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. Follow her on Twitter @phoebesaid. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. Like generations of leaders before them, they understand that by helping to create a world with fewer obstacles and limits, we help people to move forward and upward. Box 6248, Dearborn, MI 48126, U.S.A. Michael Amend, ina new role as of March 2021,was at $12,781,136. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. 1155 Gratiot Avenue "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. Detroit, Michigan 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. Galhotra made $8.5 million in 2020, including an $865,000 salary. View Comments. 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). Base salary considers skills, experience and competitive market value. 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? He was 52. 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. Als u dit bericht blijft zien, stuur dan een e-mail Please help us protect Glassdoor by verifying that you're a The automaker is also trying to. The ratio of the CEO's total compensation to the medianof all employees' total compensation is 356 to 1. Take this quiz to find out, Rey and Rey: Automation and the future of automotive retail, Routeone: The benefits of robust dealership reporting tools, Siemens: The impact of vehicle electrification and connectivity on electrical system design, Spectrum Reach: Playing to win: How automotive dealers can capitalize on sports marketing, Swiss Re: Insurers and car manufacturers: how to unlock the potential of true collaboration, Text2Drive: Digital retailing meets the service department, Trimble: The future of autonomous vehicles speeds ahead, Truist: Capitalize on the changing structure of auto retailing, Truist: Prepare now for the next era of automotive retailing, Urban Science: Promoting dealer-consumer alignment across continued industry evolution, Walbridge: Video | Walbridge Chairman on how automotive companies are navigating the electrification boom, Western Digital: To Meet Consumer Demand, Automakers Must Double Down on Agile Development, Wipro: How to address safety and security for software-defined vehicles, Wipro: How todays tech decisions drive tomorrows sales, Wipro: Software Helps Address the Affordability Challenge, Wipro: The Promise of Software-Defined Vehicles and the Cloud Car Ecosystem, Wipro: Video | Wipro CTO on how OEM's are leveraging software-defined vehicle technology, Notarize: What to expect for the future of auto sales, Seagate: Unlocking value from connected-car data, Amazon Web Services: AI-powered supply chain decision-making, Epic Games: Five ways in-car designs will change in the next five years. 12% of the management team is Black or African American. para nos informar sobre o problema. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. to let us know you're having trouble. Get browser notifications for breaking news, live events, and exclusive reporting. 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. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. 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 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? las molestias. You can unsubscribe at any time through links in these emails. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based 9% of Henry Ford Health System management is Hispanic or Latino. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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. (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. ISSN 0005-1551 (print) 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 Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. 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. $62,968 / yr. Business Analyst salaries - 93 salaries reported. 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. Heres what you need to know. Ford Motor is 34% female and 66% male company-wide. Detroit, Michigan FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 62% of the management team is White. Bill Ford at $16,046,542, down from$16.8 millionin 2019. This report is not for commercial use. Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. White is the most common ethnicity company-wide. Can someone explain levels hierarchy at Ford? message, please email Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. "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. Global Modern Slavery Statement (view PDF). Read more on Ford and sign up for our autos newsletter. 1155 Gratiot Avenue Allstate: Compliance standards are changing. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. Haig Partners: How are dealerships being valued today? Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de 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. In a year ravaged by the COVID-19 pandemic . 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. 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. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. The data presented on this page does not represent the view of Ford Motor and its employees or that of Zippia. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. 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.