The most common ethnicity among Ford Motor executive officers is White. 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 We havent detailed which ones," Ford spokesman T.R. ein Mensch und keine Maschine sind. He was 52. real person. 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. 11% of the management team is Hispanic or Latino. Additional pay could include bonus, stock, commission, profit sharing or tips. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. In a year ravaged by the COVID-19 pandemic . Haig Partners: How are dealerships being valued today? Lamentamos Big Compensation Packages for Some Big Detroit Area Nonprofits 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. 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. CEO, Ford Pro. Ford posted adjusted EBIT for 2021 of $10 billion, roughly four times its 2020 earnings. The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. an. President, Lincoln. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. Content in this story was edited after publishing. 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. Have an opinion about this story? He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Former CFO Bob Shanks also received $8.3 million in 2019. 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? Salary ranges represent what Ford pays for a job within a salary grade or leadership level based Read more on Ford and sign up for our autos newsletter. 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. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. Detroit, Michigan Click here to submit a Letter to the Editor, and we may publish it in print. That's up from $8,361,479 in 2019. 2020's top-paid employees of Jacksonville's public agencies Ford itemized more than $74.5 million in executive compensation for its top five executives in 2021: Farley, chief financial officer John Lawler, board chair Bill Ford, chief enterprise. "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. Heres the next step in their evolution. 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. 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. 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. 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. / CW50 Detroit. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. "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. 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 . Nous sommes dsols pour la gne occasionne. Our Leadership - Ford Corporate It's the Year of the Rabbit! enviando un correo electrnico a Happy Lunar New Year from all of us at Ford! 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. His compensation also included $830,305 for personal use of aircraft. Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. 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? Edsel B. Ford IIwas paid $811,469. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 tolastOctober. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. It's the Chevy Bolt vs MINI SE by someone who actually used both for daily drivers. All proxy statements are public filings made available to the general public by the SEC. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. "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. CFO Bob Shanks, who was replaced by. Heres what you need to know. Ford Motor CEO And Leadership: Executives and Demographics 2023 CBS Broadcasting Inc. All Rights Reserved. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. 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. $77,253 / yr. 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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. Product Manager salaries - 112 salaries reported. Allstate: Compliance standards are changing. message, please email 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. His responsibilities expanded last year. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. ISSN 1557-7686 (online), Fixed Ops Journal 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). 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Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. enva un correo electrnico a GMs Mary Barra earned $21.87 million in 2018. 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. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. 11% of employees are Black or African American. 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. 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. Process Coach salaries - 86 salaries reported. 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. Bill Ford at $18,662,706, up from $16,046,542 in 2020. Please indicate whether you are a shareholder, customer, supplier or other interested party. Bill Ford at $16,046,542, down from$16.8 millionin 2019. PDF 2022 New Hire Benefits Summary - Ford Corporate NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . 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. Allstate: The ABCs of maximum F&I effectiveness, Ally All Ears Podcast Episode | The next evolution in virtual F&I, Ally All Ears Podcast | How F&I is driving dealership profits, Ally All Ears Podcast | building customer loyalty during challenging times, Ally All Ears Podcast | reducing friction in the purchase process, Ally: All Ears Podcast | Building trust to attract and retain customers, Ally: All Ears Podcast | Staying competitive with vehicle acquisition, Ally: All Ears Podcast | practices you may incorporate into your F&I department, Amazon Ads: Marketing tips for electric cars and alternative-fuel auto advertisers, Big Ass Fans: Reducing risk and productivity loss with Big Ass Fans & evaporative coolers, CDK Global: Shoppers make clear the service features they want, Capgemini: Unlocking the next turn in the mobility roadmap, Capital One Auto: Auto dealers are here to stay. 1155 Gratiot Avenue 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 FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. . ", 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'. 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. 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. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. The estimated base pay is $196,580 per year. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. The automaker is also trying to. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. 48207-2997, Automotive News Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Ford Motor has 186,000 employees, of which 104 are in a leadership position. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. Some related job titles areChief Operating Officer salaries with median pay of $354,128,Senior Director salaries with median pay of $326,769,Vice President salaries with median pay of $321,609,CEO salaries with median pay of $377,206. 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. Dianne Craig. ISSN 2576-1064 (print) 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. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Joseph "Chef Joe" Nader Jr., executive chef and former owner of a well-known chocolatier business and a meal prep business, has died. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. 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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Ford Motor Company Executive Salaries | Glassdoor Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. Galhotra made $8.5 million in 2020, including an $865,000 salary. 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. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. He earned a $1.7. para informarnos de que tienes problemas. 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. More: Bill Ford's controversial viewpoint has changed Detroit automaker. The annual virtual shareholders meeting is scheduled for May 12. 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. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? "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. How Much Does Ford Motor Company Pay in 2023? (12,983 Salaries 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. That's down slightlyfrom nearly $17.4 million in 2019. Farley's included$318,864 for personal use of aircraft. 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. GM CEO Mary Barra received a $23.6 million package in 2020. Follow her on Twitter @phoebesaid. Doug Field. Tons of great salary information on Indeed.com 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. GM has not yet reported her total compensation for 2019. 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. Alpha One Ford Executive Assistant Salaries in the United States William Ford: Executive: Republican Party: $14,200: Henry Ford: Sales/Marketing: Democratic Party: $14,000 . Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. 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. 2019 Ford Executive Compensation Exceeded Company's Profit 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. Please select at least one newsletter to subscribe. The Detroit News. per informarci del problema. 2020 CBS Broadcasting Inc. All Rights Reserved. ISSN 0005-1551 (print) 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. Ci People | Ford Media Center Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. Coronavirus prompts these CEOs to give up their salaries Ford CEO Jim Farley's 2021 compensation nearly doubles View Comments. You can unsubscribe at any time through links in these emails. The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. The estimated additional pay is $243,443 . After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. ISSN 2576-1064 (print) 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 report showed Fordemployees earneda median annual total compensation of $61,778 in 2020, down from$110,706 in 2019 and $64,316 in 2018. 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 week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? 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. Wir entschuldigen uns fr die Umstnde. Ford releases 2020 salaries, comp pay for executive team Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. "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. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. 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. 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. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. You may also find the annual proxy statement by going directly to the company's website. (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. not enough compared to other companies., Ford put the world on wheels over a century ago, but weve always thought like a start-up.