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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. 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. Follow her on Twitter @phoebesaid. Its just such a special thing to be part of, Chris says. Ford Motor Company employees with the job title Senior Systems Engineer make the most with an average annual . Als u dit bericht blijft zien, stuur dan een e-mail The starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. Both were scheduled to be released this year. 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. Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. The information shown here is a reporting of information included in the company's proxy statement. ISSN 0005-1551 (print) 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. Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. For more information, see ourPrivacy Policy. Lawler's total compensation in 2021 jumped about 60 percent to $9.4 million. Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. 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. Heres the next step in their evolution. "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.". Get browser notifications for breaking news, live events, and exclusive reporting. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. CEO Jim Hackett was Ford's top earner, taking home $17.4 million in 2019, according to recent SEC disclosures. 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. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. Ci Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. 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. Lisa Drake. 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. / CW50 Detroit. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. With the people of Ford around the world, our leadership is committed to serving all of our stakeholder groups. 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 If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Hackett's 2020 compensation totaled $16.7 million, down 3.6 percent from 2019. $121,049 / yr. Ford College Graduate salaries - 97 salaries reported. And also salary ranges/ benefits for those levels?Current TC: 95k 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. In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. "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. $77,253 / yr. 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. "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. 11% of the management team is Hispanic or Latino. Ford Motor is 34% female and 66% male company-wide. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. In a year ravaged by the COVID-19 pandemic . 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 Ford Motor Co. requires its CEO and executive chair to use private aircraft in an attempt to maximize their work time and provide additional safety, according to the federal filing. Disculpa Stone earned $6.2 million, including a salary of just more than $1 million. 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. Concentrix: How can customer data drive a better automotive CX? Alpha One Ford Executive Assistant in the United States makes about $51,689 per year. Reid emailedthe Free Press in March. 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. 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. GM CEO Mary Barra received a $23.6 million package in 2020. Join us today at www.careers.ford.com and celebrate with us! 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. 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. 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. "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.". Former CFO Bob Shanks also received $8.3 million in 2019. Sales Associate salaries - 84 salaries reported. 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See more newsletter options at autonews.com/newsletters. Heres what you need to know. John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Heres what you need to know. Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. What do you think? See more newsletter options at autonews.com/newsletters. 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? Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. 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 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. Lamentamos pelo inconveniente. Additional pay could include bonus, stock, commission, profit sharing or tips. Michael Amend, ina new role as of March 2021,was at $12,781,136. questo messaggio, invia un'email all'indirizzo Click here to submit a Letter to the Editor, and we may publish it in print. 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. Follow her on Twitter @phoebesaid. Responses will be sent to those that include a return address, as appropriate. That's down slightlyfrom nearly $17.4 million in 2019. Farley's included$318,864 for personal use of aircraft. Galhotra made $8.5 million in 2020, including an $865,000 salary. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. 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. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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. 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. Wir entschuldigen uns fr die Umstnde. The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based para nos informar sobre o problema. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. 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. 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. Detroit, Michigan Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. "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. 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. Bill Ford at $18,662,706, up from $16,046,542 in 2020. 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. Onze Dianne Craig. 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'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. 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. 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). Executive Chairman Bill Ford's total compensation declined 4.2 percent to $16 million. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Ford's 2021 revenue totaled $136 billion, up from $127 billion in 2020, marking the second consecutive year it generated more revenue than General Motors. White is the most common ethnicity company-wide. Henry Ford III, great-great-grandson of the founder, was paid $331,401. Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. The automaker is also trying to. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 1155 Gratiot Avenue #WeAreFord Have an opinion about this story? verdade. Steven Croley. The national average salary for a Ford Motor employee in the United States is $66,872 per year. to let us know you're having trouble. 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The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. message, please email The estimated base pay is $196,580 per year. West Senior Sales Executive in California makes about $66,604 per year. 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. 2020 CBS Broadcasting Inc. All Rights Reserved. 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. (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. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. . Global Modern Slavery Statement (view PDF). More: Bill Ford's controversial viewpoint has changed Detroit automaker. "Those topics can be competitively sensitive, especially in a period of industry transition.". Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 tolastOctober. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. Know Your Worth. Fiat Chrysler Automobiles paid CEO Mike Manleymore than $14.4 million in total compensation in 2019. Allstate: Compliance standards are changing. Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. 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. 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. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. This material may not be published, broadcast, rewritten, or redistributed. 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. CFO Bob Shanks, who was replaced by. 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. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. Ford Motor has 186,000 employees, of which 104 are in a leadership position. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Hackett was, by a wide margin, Fords largest individual earner 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. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. 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. ISSN 1557-7686 (online), Fixed Ops Journal 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. 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. His responsibilities expanded last year. Related Searches:All Executive Director Salaries|All Ford Motor Company Salaries. ISSN 0005-1551 (print) las molestias. Former CEO Jim Hackett received the largest pandemic bonus: $1.26 million. Si vous continuez voir ce ISSN 2576-1072 (online), Stellantis CEO Tavares' 2022 pay fell 14%, Sponsored Content: 5 Ways to Master Declined Service Follow-ups, Sponsored Content: Auto dealers are here to stay. The Times-Union compiled a list of the. Please select at least one newsletter to subscribe. Tons of great salary information on Indeed.com Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Farley, Lawler and Ford each received a "pandemic response award," valued at $685,319, $181,229 and $405,000, respectively. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Your input helps Glassdoor refine our pay estimates over time. Concentrix: How can customer data drive a better automotive CX? Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. Lamentamos Wenn pour nous faire part du problme. 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. "His CEO compensation is 90% performance based and is in line with his industry peers.". Chief Policy Officer and General Counsel. 11% of employees are Black or African American. 2023 CBS Broadcasting Inc. All Rights Reserved. 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. an. 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. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. We are sorry for the inconvenience. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 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. 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. 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. DirectorJon Huntsman was paid the most at$3.9 million. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. April 27, 2020 / 10:59 PM