para nos informar sobre o problema. Nous sommes dsols pour la gne occasionne. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? / CW50 Detroit. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. 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Farley's pay included a $1.7 million base salary, up 19 percent over 2020. "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. Do you want to design products people fall in love with? 2020 CBS Broadcasting Inc. All Rights Reserved. General Motors has notreleased its executive compensationfor 2021. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Allstate: Compliance standards are changing. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. 11% of the management team is Hispanic or Latino. Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. 48207-2997, Automotive News Farley received $685,330. The Times-Union compiled a list of the. 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. Tons of great salary information on Indeed.com Ford reported Farley's CEOpay as$12,491,540 when annualized, or202 times more than the median compensation for all its employees, excluding the CEO. pour nous faire part du problme. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. 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. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. 48207-2997, Automotive News 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. Heres what you need to know. See more newsletter options at autonews.com/newsletters. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Executive Summary. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. 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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. At time of writing, Fords production facilities are shut down for manufacturing vehicles. Join us today at www.careers.ford.com and celebrate with us! The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. "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. View Comments. 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Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. 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. 2023 CBS Broadcasting Inc. All Rights Reserved. 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. 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. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. 62% of the management team is White. Wir entschuldigen uns fr die Umstnde. verdade. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. View Top Engineering Executive Salary in Kyles Ford, TN, and get a free salary report with salary range, bonus, and benefits information. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. His compensation included $187,442 for personal use of aircraft and $921,030 for security. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. That's down slightlyfrom nearly $17.4 million in 2019. Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. Stellantis CEO Carlos Tavares made $21M in 2021. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. 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. Click here to submit a Letter to the Editor, and we may publish it in print. 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Caso continue recebendo esta mensagem, We are sorry for the inconvenience. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. ; 61% of the management team is White. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 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. Doug Field. 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. 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. 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. Bill Ford at $16,046,542, down from$16.8 millionin 2019. 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Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. Get a free, personalized salary estimate based on today's job market. Galhotra made $8.5 million in 2020, including an $865,000 salary. And also salary ranges/ benefits for those levels?Current TC: 95k om ons te informeren over dit probleem. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 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. Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. $87,464 / yr. 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? 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. Have an opinion about this story? Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? 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. The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. Tons of great salary information on Indeed.com Choose your news we will deliver. 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. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. 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. Contact Phoebe Wall Howard at 313-222-6512 or phoward@freepress.com. 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. The estimated additional pay is $244,268 per year. Read more on Ford and sign up for our autos newsletter. Allstate: Compliance standards are changing. Als u dit bericht blijft zien, stuur dan een e-mail Heres the next step in their evolution, Champ: The history of titling and the cost of human error. ein Mensch und keine Maschine sind. Aydanos a proteger Glassdoor verificando que eres una persona real. 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. Ci The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. His compensation also included $400,895 for personal use of aircraft and $1.3 million for security. 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. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. ISSN 2576-1064 (print) 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. Heres what you need to know. Get browser notifications for breaking news, live events, and exclusive reporting. Choose your news we will deliver. 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? Know Your Worth. 11% of employees are Black or African American. Chief Advanced Product Development and Technology Officer. Concentrix: How can customer data drive a better automotive CX? The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. 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. message, please email Its just such a special thing to be part of, Chris says. Ford CEO Jim Farley received total compensation of $22,813,174in 2021for running the company, according to documents the Dearborn automakerreleased Friday. 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. 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. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. 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. 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. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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. Henry Ford III, great-great-grandson of the founder, was paid $331,401. Tommy covers which is better for your buck! Please indicate whether you are a shareholder, customer, supplier or other interested party. Box 6248, Dearborn, MI 48126, U.S.A. In this week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? 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. 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. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. 9% of Henry Ford Health System management is Hispanic or Latino. The company's 2021 earnings included a $7.4 billion profit in North America. 12% of the management team is Black or African American. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. For more information, see ourPrivacy Policy. You can unsubscribe at any time through links in these emails. CFO Bob Shanks, who was replaced by. Farley's included$318,864 for personal use of aircraft. Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. 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