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. ISSN 0005-1551 (print) The estimated additional pay is $244,268 per year. "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. April 27, 2020 / 10:59 PM Galhotra made $8.5 million in 2020, including an $865,000 salary. Heres the next step in their evolution. Tommy covers which is better for your buck! 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. 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. Executive Summary. 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. 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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. 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. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. 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 . His responsibilities expanded last year. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. los inconvenientes que esto te pueda causar. 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. 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. 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. 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. 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. The estimated total pay for a Executive Director at Ford Motor Company is $440,417 per year. Si continas viendo este mensaje, 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 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. "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. What do you think? Its just such a special thing to be part of, Chris says. 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. DirectorJon Huntsman was paid the most at$3.9 million. Ford listed Hackett's retirement from the company as March 31, 2021, in its U.S. Securities and Exchange Commission filings. Your input helps Glassdoor refine our pay estimates over time. 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. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. John Lawler, who replaced Stone as CFO on Oct. 1, at $5,983,141. Auto theft has been on the rise over the past decade, and these states have been hit particularly hard. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. Tons of great salary information on Indeed.com His compensation included $187,442 for personal use of aircraft and $921,030 for security. The Detroit News. 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Ford executives hit 135 percent of their business performance targets in 2021 compared with just 23 percent the previous year, at the beginning of the coronavirus pandemic. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 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. 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. an. You can unsubscribe at any time through links in these emails. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. "Jim (Hackett) has been advising (Executive Chairman)Bill Ford and the management team on strategic issues. 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. Follow her on Twitter @phoebesaid. $77,253 / yr. 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. ", 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 Times-Union compiled a list of the. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. verdade. The automaker is also trying to. The estimated base pay is $196,149 per year. His compensation also included $830,305 for personal use of aircraft. Dianne Craig. 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. 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. 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. Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. Sales Associate salaries - 84 salaries reported. Alpha One Ford Executive Assistant in the United States makes about $51,689 per year. 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. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Choose your news we will deliver. not enough compared to other companies., Ford put the world on wheels over a century ago, but weve always thought like a start-up. Join us today at www.careers.ford.com and celebrate with us! Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. If you would like to contact Fords Board of Directors please use the following address: Ford Motor Company, Customer Relationship Center, P.O. Ford Motor is 34% female and 66% male company-wide. Have an opinion about this story? 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). During the two-week festival, the employee resource group shared a cooking demonstration, a virtual celebration, and a Chinese language and culture course with their fellow employees. First published on April 27, 2020 / 10:59 PM. Ford disclosed the salary and pay ratio data for its executives in an annual compensation report to the U.S. Securities and Exchange Commission. 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 Bill Ford at $18,662,706, up from $16,046,542 in 2020. $87,464 / yr. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. . And also salary ranges/ benefits for those levels?Current TC: 95k Click here to submit a Letter to the Editor, and we may publish it in print. "His CEO compensation is 90% performance based and is in line with his industry peers.". CFO Bob Shanks, who was replaced by. 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. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. message, please email Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. 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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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 information shown here is a reporting of information included in the company's proxy statement. Ford's biggest individual earner last year was Hackett, who served as CEO from May 2017 to last October. 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. scusiamo se questo pu causarti degli inconvenienti. Happy Lunar New Year from all of us at Ford! The national average salary for a Ford Motor employee in the United States is $66,872 per year. 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 Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . 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