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The dramatic difference in 2019, Ford said, related to pension values and how the data is calculated. 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. Please enable Cookies and reload the page. That's down slightlyfrom nearly $17.4 million in 2019. "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. His $16.7 million in total compensation broke down as $1.8 million in salary, $7.9. 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. Executive chairman Bill Ford received $16.8 million, while Joe Hinrichs (president, Automotive) was paid $11 million. His responsibilities expanded last 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. 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He earned a $1.7. Stone earned $6.2 million, including a salary of just more than $1 million. GM CEO Mary Barra received a $23.6 million package in 2020. 1155 Gratiot Avenue You may also find the annual proxy statement by going directly to the company's website. His compensation also included $830,305 for personal use of aircraft. Hackett was, by a wide margin, Fords largest individual earner in 2019. View Comments. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. Michael Amend, ina new role as of March 2021,was at $12,781,136. Choose your news we will deliver. 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The estimated base pay is $196,149 per year. Here are further demographic highlights of the leadership team: The Henry Ford Health System executive team is 44% female and 56% male. Box 6248, Dearborn, MI 48126, U.S.A. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. Sales Associate salaries - 84 salaries reported. 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. ; 10% of the management team is Black or African American. ISSN 2576-1072 (online), Stellantis CEO Tavares' 2022 pay fell 14%, Sponsored Content: Drive higher results for your marketing campaigns, Sponsored Content: Upgrade Your Dealership Sales Process to Win Todays Buyers. 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. Heres what you need to know. Chief Policy Officer and General Counsel. 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. See more newsletter options at autonews.com/newsletters. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. 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. ; 11% of Ford Motor management is Hispanic or Latino. How accurate is this most likely Total Pay range (base + additional) of $330K-$605K/yr? Dianne Craig. The company's 2021 earnings included a $7.4 billion profit in North America. 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. "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. envie um e-mail para "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.". 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. 48207-2997, Automotive News 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). Heres what you need to know. Wir entschuldigen uns fr die Umstnde. None of the information on this page has been provided or approved by Ford Motor. The estimated base pay is $196,580 per year. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. 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 The Mustang exterior design manager took a circuitous career route to his current position, but he feels like hes right where he belongs now. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. 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. Based on 4 salaries posted anonymously by Ford Motor Company Executive Director employees in Freeport, MI. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 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. 48207-2997, Automotive News Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. Base salary considers skills, experience and competitive market value. Stone, who was hired April 15 and assumed his CFO role June 1: $8.32 million. The Detroit News. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . 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. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. Read more on Ford and sign up for our autos newsletter. GMs Mary Barra earned $21.87 million in 2018. West Senior Sales Executive in California makes about $66,604 per year. 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 . For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. See more newsletter options at autonews.com/newsletters. 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). "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. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. 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. CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. Have an opinion about this story? 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