This report is not for commercial use. Fords global purchasing organization is responsible for more than $100 billion in annual spending on production and non-production goods and services around the world.Thai-Tang also has more than 25 years in Product Development, including serving as vice president, Engineering for Global Product Development. 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. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. Alpha One Ford Executive Assistant in the United States makes about $51,689 per year. "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. 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. Exterior Design Manager Reflects on Passion for Mustang, Development of All-New Model. #WeAreFord #FordChinese Association None of the information on this page has been provided or approved by Ford Motor. In A Wave Of Awful Car Sales, Tesla Still Managed A Strong Performance, The BMW R18 Is A Modern Throwback With The Brands Most Powerful Boxer Engine Ever, Auto Theft Is a Growing Epidemic, And You Really Need to Watch Out In These States, The Final Dodge Last Call Model Is Almost Here and Its Packing 7.1 Extra Pounds ofSomething, Nissan Recall: More Than 800,000 Rogue, Rogue Sport Models May Have Ignition Key Problem. Si continas recibiendo este mensaje, infrmanos del problema 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. Concentrix: How can customer data drive a better automotive CX? 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. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. 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). All proxy statements are public filings made available to the general public by the SEC. Allstate: Compliance standards are changing. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. Manley earned 232 times the average FCA employee, whose total compensation was $62,259, as reported by the Detroit Free Press. CFO Bob Shanks, who was replaced by. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Sales Associate salaries - 84 salaries reported. Please enable Cookies and reload the page. 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. 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. Nous sommes dsols pour la gne occasionne. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Fords stock prices have also tumbled to just over $4 a share (down over half in March alone), and the company had its credit rating downgraded to junk status on lower demand caused by the coronavirus pandemic, and an outlook that Ford could struggle to maintain a competitive position as it burns through its cash reserves and lines of credit. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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. Farley's pay included a $1.4 million base salary, $5.1. Concentrix: How can customer data drive a better automotive CX? Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. 2020 CBS Broadcasting Inc. All Rights Reserved. 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'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 It's the Year of the Rabbit! Caso continue recebendo esta mensagem, Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Former CFO Bob Shanks also received $8.3 million in 2019. 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 Ford Motor is 34% female and 66% male company-wide. 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. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. 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. The estimated base pay is $196,580 per year. 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? He was 52. ISSN 0005-1551 (print) CEO Jim Hackett was Ford's top earner, taking home $17.4 million in 2019, according to recent SEC disclosures. Base salary considers skills, experience and competitive market value. Based on 4 salaries posted anonymously by Ford Motor Company Executive Director employees in Freeport, MI. The information shown here is a reporting of information included in the company's proxy statement. View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. 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). 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. "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. See more newsletter options at autonews.com/newsletters. 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. Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. 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. His responsibilities expanded last year. 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. Contact Phoebe Wall Howard at 313-222-6512 or phoward@freepress.com. The automaker is also trying to. 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. 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William Ford: Executive: Republican Party: $14,200: Henry Ford: Sales/Marketing: Democratic Party: $14,000 . Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. Please indicate whether you are a shareholder, customer, supplier or other interested party. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. 1155 Gratiot Avenue om ons te informeren over dit probleem. Edsel B. Ford IIwas paid $811,469. His compensation also included $830,305 for personal use of aircraft. Si continas viendo este mensaje, Product Manager salaries - 112 salaries reported. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 48207-2997, Automotive News The Mustang exterior design manager took a circuitous career route to his current position, but he feels like hes right where he belongs now. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based 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. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. Read more on Ford and sign up for our autos newsletter. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. Additional pay could include bonus, stock, commission, profit sharing or tips. The estimated additional pay is $244,268 per year. Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. Choose your news we will deliver. Heres the next step in their evolution. Detroit, Michigan Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. CEO, Ford Pro. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. 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. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. Read more on Ford and sign up for our autos newsletter. 11% of the management team is Hispanic or Latino. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. #WeAreFord 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. Chief Policy Officer and General Counsel. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. Onze That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. GM CEO Mary Barra received a $23.6 million package in 2020. Follow her on Twitter @phoebesaid. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Heres what you need to know. If you continue to see this 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? 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 Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. Have an opinion about this story? How accurate is this most likely Total Pay range (base + additional) of $330K-$605K/yr? Ford last year recorded its first net loss since the Great Recession $1.3 billion mostly as a result of the pandemic, and revenue fell 9 percent. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. In a year ravaged by the COVID-19 pandemic . "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.". Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. enva un correo electrnico a 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. Farley's pay included a $1.7 million base salary, up 19 percent over 2020. Join us at www.careers.ford.com! 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 . 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. Get browser notifications for breaking news, live events, and exclusive reporting. Global Modern Slavery Statement (view PDF). ", 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'. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. questo messaggio, invia un'email all'indirizzo 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. 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. He earned a $1.7. ; 10% of the management team is Black or African American. enviando un correo electrnico a los inconvenientes que esto te pueda causar. Tons of great salary information on Indeed.com "Jim (Hackett) has been advising (Executive Chairman)Bill Ford and the management team on strategic issues. 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 $16,046,542, down from$16.8 millionin 2019. $77,253 / yr. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. to let us know you're having trouble. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Wenn 9% of Henry Ford Health System management is Hispanic or Latino. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. "His CEO compensation is 90% performance based and is in line with his industry peers.". Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. Chief Advanced Product Development and Technology Officer. 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. The Ford Motor executive team is 35% female and 65% male. 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. Stellantis CEO Carlos Tavares made $21M in 2021. Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. Click here to submit a Letter to the Editor, and we may publish it in print. Thelower amountin this years filingreflects whatLawler actually received. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. "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. Reid emailedthe Free Press in March. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 tolastOctober. The estimated base pay is $196,149 per year. Have an opinion about this story? 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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. Happy Lunar New Year from all of us at Ford! 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. Haig Partners: How are dealerships being valued today? 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. The data presented on this page does not represent the view of Ford Motor and its employees or that of Zippia. Nader, of Plymouth, died on Thursday, March 2, at . Disculpa 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. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. 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. pour nous faire part du problme. Please select at least one newsletter to subscribe. 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. 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. Aydanos a proteger Glassdoor y demustranos que eres una persona real. 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. Heres what you need to know. Hackett was, by a wide margin, Fords largest individual earner in 2019. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. 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. 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. 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. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. 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. Do you want to design products people fall in love with? Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. 1155 Gratiot Avenue Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. message, please email ISSN 1557-7686 (online), Fixed Ops Journal Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. The estimated total pay for a Executive Director at Ford Motor Company is $440,023 per year. 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. 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. 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. Your input helps Glassdoor refine our pay estimates over time.
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