What do you think? 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. "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. 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 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. 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CEO, Ford Pro. 9% of Henry Ford Health System management is Hispanic or Latino. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. . 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. The estimated additional pay is $244,268 per year. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Coronavirus Tips Working and Protection, For its 2010 fiscal year, FORD MOTOR CO, listed the following executives on its annual proxy statement to the SEC. Executive Compensation at Henry Ford Health System 62% of the management team is White. 11% of the management team is Hispanic or Latino. Working At Ford Motor: Employee Reviews And Culture - Zippia Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. message, contactez-nous l'adresse "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. Cox: Automation and the future of automotive retail, Cox: Transformation toward eCommerce in automotive retailing, Cox: Transforming F&I for Automotive eCommerce, Deloitte: ACCELERATING DIVERSITY, EQUITY AND INCLUSION, Easycare: Reinventing the service contract for EVs, Easycare: The importance of benchmarking your reinsurance performance, Effectv: Why Customer Lifetime Value Should Be the Auto Advertising Buzz Word for 2023, Experian, GroundfTruth and Spectrum Reach: Dealership marketing: Navigating automotive advertising in a post-pandemic world, Experian: Evolving identity beyond the who to enable the how, Experian: Three steps to adapting to constant change in automotive marketing, Haig Partners: Buy-Sell Q&A: Where the Automotive M&A Market is heading, Haig: Buy-Sell Q&A | Advisors add value to sales process, Haig: Buy-Sell Q&A | Navigating partial dealership sales, Haig: Buy-Sell Q&A: Future-proofing your dealership. Lamentamos pelo inconveniente. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. 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. Michael Amend, ina new role as of March 2021,was at $12,781,136. The company, which plans a reorganization under Farley that will split it into two divisions focused on electric and internal combustion vehicles, listed two newcomers among its five highest-paid executives in 2021: Michael Amend, chief enterprise technology officer, and Doug Field, chief EV and digital systems officer for Ford Model e. Amend, who joined Ford in September, earned $12.8 million in total compensation, including a $227,275 base salary and an $800,000 bonus. Happy Lunar New Year from all of us at Ford! You can unsubscribe at any time through links in these emails. para informarnos de que tienes problemas. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. Ford CEO Jim Farley's 2021 compensation nearly doubles FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. 2020 CBS Broadcasting Inc. All Rights Reserved. $62,968 / yr. Business Analyst salaries - 93 salaries reported. ISSN 0005-1551 (print) With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. 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). Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. 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. 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. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. It's the Year of the Rabbit! Farley's pay included a $1.4 million base salary, $5.1. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. Box 6248, Dearborn, MI 48126, U.S.A. For more information, see ourPrivacy Policy. Detroit, Michigan Ford Company Executive Salaries Top $70M While Ford Made Only $47M Stellantis CEO Carlos Tavares made $21M in 2021. 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? Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? $77,253 / yr. Average Ford Motor Company Salary | PayScale For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. His compensation included $187,442 for personal use of aircraft and $921,030 for security. Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. GM CEO Mary Barra received a $23.6 million package in 2020. Process Coach salaries - 86 salaries reported. 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. His responsibilities expanded last year. 2023 CBS Broadcasting Inc. All Rights Reserved. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . Si continas recibiendo este mensaje, infrmanos del problema The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. Tons of great salary information on Indeed.com We are sorry for the inconvenience. Dianne Craig. Ford releases 2020 salaries, comp pay for executive team 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. Join us at www.careers.ford.com! FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 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. Read more on Ford and sign up for our autos newsletter. The Times-Union compiled a list of the. "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. 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. The changes would apply to Galhotra, CEO Jim Farley, Executive Chair Bill Ford Jr. and other senior leaders. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. Si vous continuez voir ce Ford Motor CEO And Leadership: Executives and Demographics "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. ISSN 0005-1551 (print) pour nous faire part du problme. Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. 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. GMs Mary Barra earned $21.87 million in 2018. 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 Would you like to work at a company with active employee resource groups and opportunities to learn about and enjoy a variety of cultures? Get a free, personalized salary estimate based on today's job market. Coronavirus: Ford warns of potential job cuts, to defer some salaries Responses will be sent to those that include a return address, as appropriate. All proxy statements are public filings made available to the general public by the SEC. real person. 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. "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.". 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. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. "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. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. Please help us protect Glassdoor by verifying that you're a None of the information on this page has been provided or approved by Ford Motor. 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.
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