Hackett was, by a wide margin, Fords largest individual earner in 2019. Farley's pay included a $1.4 million base salary, $5.1. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. 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Ford College Graduate salaries - 97 salaries reported. ein Mensch und keine Maschine sind. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. $87,464 / yr. naar Contact Phoebe Wall Howard at 313-222-6512 or phoward@freepress.com. Nader, of Plymouth, died on Thursday, March 2, at . Concentrix: How can customer data drive a better automotive CX? 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. Disculpa 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. Steven Croley. See more newsletter options at autonews.com/newsletters. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Tons of great salary information on Indeed.com Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 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. Choose your news we will deliver. 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. 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 The ratio of the CEO's total compensation to the medianof all employees' total compensation is 356 to 1. 62% of the management team is White. "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.". 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. "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. 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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. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. Doug Field. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based Lisa Drake. "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.". "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. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Your input helps Glassdoor refine our pay estimates over time. Ford Motor has 186,000 employees, of which 104 are in a leadership position. 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. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 2020 CBS Broadcasting Inc. All Rights Reserved. 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 . Get a free, personalized salary estimate based on today's job market. The automaker is also trying to. 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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. 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. The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. 48207-2997, Automotive News Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. The annual virtual shareholders meeting is scheduled for May 12. #WeAreFord #FordChinese Association 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. Ci The new totals reflect the addition of Alexandra Ford English and Henry Ford III. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. Tons of great salary information on Indeed.com Follow her on Twitter @phoebesaid. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. 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. 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. Please help us protect Glassdoor by verifying that you're a 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. 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. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 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Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. We are sorry for the inconvenience. Ford CEO Jim Farley received total compensation of $22,813,174in 2021for running the company, according to documents the Dearborn automakerreleased Friday. In this week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? 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. 2023 CBS Broadcasting Inc. All Rights Reserved. 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 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. Get browser notifications for breaking news, live events, and exclusive reporting. "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. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. GMs Mary Barra earned $21.87 million in 2018. Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. 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 After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This material may not be published, broadcast, rewritten, or redistributed. Farley received $685,330. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. 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. All proxy statements are public filings made available to the general public by the SEC. Ford disclosed the salary and pay ratio data for its executives in an annual compensation report to the U.S. Securities and Exchange Commission. That's up from $8,361,479 in 2019. 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 . March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. Join us today at www.careers.ford.com and celebrate with us! Si vous continuez voir ce Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. 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 See more newsletter options at autonews.com/newsletters. Please indicate whether you are a shareholder, customer, supplier or other interested party. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. "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. Ford Motor is 34% female and 66% male company-wide. Executive Summary. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. 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. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. message, please email Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. Farley's included$318,864 for personal use of aircraft. 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. Follow her on Twitter @phoebesaid. 48207-2997, Automotive News Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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? Henry Ford III, great-great-grandson of the founder, was paid $331,401. para nos informar sobre o problema. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. His compensation included $187,442 for personal use of aircraft and $921,030 for security. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. 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. Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. 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. "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. Allstate: Compliance standards are changing. 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. 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. Base salary considers skills, experience and competitive market value. Please select at least one newsletter to subscribe. Dianne Craig. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. 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. This report is not for commercial use. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. 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). ISSN 1557-7686 (online), Fixed Ops Journal In these roles, he led the delivery of Fords mainstream and high performance products from conception to launch across all regions.Thai-Tangs international experience includes assignments in Cologne, Germany and four years serving as director of Product Development for Ford South America. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. 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. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. Executive Chair Bill Ford's total compensation rose about 16 percent to $18.6 million. Content in this story was edited after publishing. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. The estimated base pay is $196,580 per year. ; 11% of Ford Motor management is Hispanic or Latino. 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. "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. 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. 11% of the management team is Hispanic or Latino. 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. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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. 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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. If you continue to see this The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. Tommy covers which is better for your buck! Box 6248, Dearborn, MI 48126, U.S.A. Haig Partners: How are dealerships being valued today? $77,253 / yr. Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. / CW50 Detroit. The national average salary for a Ford Motor employee in the United States is $66,872 per year. 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