First published on April 27, 2020 / 10:59 PM. Get a free, personalized salary estimate based on today's job market. See more newsletter options at autonews.com/newsletters. 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. 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. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. Farley's included$318,864 for personal use of aircraft. 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. ; 10% of the management team is Black or African American. Former CFO Bob Shanks also received $8.3 million in 2019. Responses will be sent to those that include a return address, as appropriate. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Ford Motor is 34% female and 66% male company-wide. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. excuses voor het ongemak. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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). Join us at www.careers.ford.com! 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. 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. not enough compared to other companies., Ford put the world on wheels over a century ago, but weve always thought like a start-up. 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. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. Lisa Drake. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. ", 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'. Product Manager salaries - 112 salaries reported. The estimated base pay is $196,149 per year. Heres what you need to know. Please enable Cookies and reload the page. 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. 48207-2997, Automotive News Haig Partners: How are dealerships being valued today? 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. 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. envie um e-mail para Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. real person. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. "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. Have an opinion about this story? Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Bill Ford at $18,662,706, up from $16,046,542 in 2020. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. 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. CEO, Ford Pro. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. 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. Sales Associate salaries - 84 salaries reported. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. Choose your news we will deliver. "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. 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? The company's 2021 earnings included a $7.4 billion profit in North America. ; 61% of the management team is White. 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. Galhotra made $8.5 million in 2020, including an $865,000 salary. The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. 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. 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. (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. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. 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. Concentrix: How can customer data drive a better automotive CX? Ford itemized more than $43 million in executive compensation for its top three executives in 2020: Hackett, Farley and executive chairman Bill Ford, filings show. message, please email CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. verdade. Farley received $685,330. "His CEO compensation is 90% performance based and is in line with his industry peers.". 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. Haig Partners: How are dealerships being valued today? Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. (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 Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . 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). That's down slightlyfrom nearly $17.4 million in 2019. to let us know you're having trouble. You can unsubscribe at any time through links in these emails. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. los inconvenientes que esto te pueda causar. 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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 MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The Ford Motor executive team is 35% female and 65% male. Employees in the top 10 percent can make over $120,000 per year, while employees at the bottom 10 percent earn less than $37,000 per year. You can unsubscribe at any time through links in these emails. Stone earned $6.2 million, including a salary of just more than $1 million. 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. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. Alpha One Ford Executive Assistant in the United States makes about $51,689 per 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. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. "Those topics can be competitively sensitive, especially in a period of industry transition.". 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. Both were scheduled to be released this year. 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. ISSN 2576-1064 (print) With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. The most common ethnicity among Ford Motor executive officers is White. 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 Farley's pay included a $1.7 million base salary, up 19 percent over 2020. 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. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. The estimated additional pay is $244,268 per year. 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. The estimated additional pay is $243,443 . "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. 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. Hackett was, by a wide margin, Fords largest individual earner in 2019. Additional pay could include bonus, stock, commission, profit sharing or tips. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. 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 . Aydanos a proteger Glassdoor y demustranos que eres una persona real. 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. His compensation also included $830,305 for personal use of aircraft. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. Can someone explain levels hierarchy at Ford? Please select at least one newsletter to subscribe. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. GM CEO Mary Barra received a $23.6 million package in 2020. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. We are sorry for the inconvenience. Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. Box 6248, Dearborn, MI 48126, U.S.A. Allstate: Compliance standards are changing. Heres the next step in their evolution. 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. How accurate is this most likely Total Pay range (base + additional) of $330K-$605K/yr? 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Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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. Si continas viendo este mensaje, 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. We havent detailed which ones," Ford spokesman T.R. Wir entschuldigen uns fr die Umstnde. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Bill Ford at $16,046,542, down from$16.8 millionin 2019. 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 Dianne Craig. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? pour nous faire part du problme. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. Despite challenges from semiconductor shortages, Ford posted 2021 net income of $17.9 billionafter racking up a $1.3 billion loss in 2020 as the pandemic spread. ISSN 1557-7686 (online), Fixed Ops Journal 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