The estimated additional pay is $243,443 . 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. 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. 48207-2997, Automotive News Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Know Your Worth. 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. Both were scheduled to be released this year. 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. Global Modern Slavery Statement (view PDF). 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. 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. 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 starting base salary for this Brea, CAposition is expected to be between $200,000.00 to $250,000.00 annually. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. Get started with your Free Employer Profile, average salary for an Executive Director is $129,383 per year in United States, The Ultimate Job Interview Preparation Guide. 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. Ford itemized more than $43 million in executive compensation for its top three executives in 2020: Hackett, Farley and executive chairman Bill Ford, filings show. Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. Fords stock prices have also tumbled to just over $4 a share (down over half in March alone), and the company had its credit rating downgraded to junk status on lower demand caused by the coronavirus pandemic, and an outlook that Ford could struggle to maintain a competitive position as it burns through its cash reserves and lines of credit. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Tons of great salary information on Indeed.com 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. (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. #WeAreFord Bill Ford at $16,046,542, down from$16.8 millionin 2019. This report is not for commercial use. Additional pay could include bonus, stock, commission, profit sharing or tips. ; 61% of the management team is White. 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. ISSN 2576-1064 (print) pour nous faire part du problme. 12% of the management team is Black or African American. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . Se continui a visualizzare Farley held multiple leadershiproles in 2020, including president of new business, technology and strategy as well aschief operating officer. In that report, the company showed how much Ford employees made last year as well as top-earners, like CEO Jim Hackett. "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. The employee data is based on information from people who have self-reported their past or current employments at Ford Motor. enviando un correo electrnico a The Ford Motor executive team is 35% female and 65% male. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Both Hau Thai-Tang, now chief industrial platform officer, andKumar Galhotra, now president of Ford Blue,fell off the list of top paid executives. 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. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. 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. "Those topics can be competitively sensitive, especially in a period of industry transition.". Allstate: Compliance standards are changing. View Comments. Base salary is twice-monthly pay that is determined on a competitive basis and adjusted according to performance, job scope and responsibility, and position-in-range. 2022 TFLcar.com - Road Chaser, Inc. All rights reserved. Process Coach salaries - 86 salaries reported. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. Ford Motor is 34% female and 66% male company-wide. 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. We havent detailed which ones," Ford spokesman T.R. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Chief Policy Officer and General Counsel. Manley earned 232 times the average FCA employee, whose total compensation was $62,259, as reported by the Detroit Free Press. The national average salary for a Ford Motor employee in the United States is $66,872 per year. GMs Mary Barra earned $21.87 million in 2018. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. 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. Nader, of Plymouth, died on Thursday, March 2, at . Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. White is the most common ethnicity company-wide. Heres the next step in their evolution. 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. Chief Advanced Product Development and Technology Officer. Follow her on Twitter @phoebesaid. message, please email That's down slightlyfrom nearly $17.4 million in 2019. Vice President, EV Industrialization, Ford Model e. James D. Farley, Jr. President and Chief Executive Officer. The estimated total pay for a Executive Director at Ford Motor Company is $440,417 per year. Caso continue recebendo esta mensagem, 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. 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. Click here to submit a Letter to the Editor, and we may publish it in print. "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.". First published on April 27, 2020 / 10:59 PM. Read more on Ford and sign up for our autos newsletter. Have an opinion about this story? Get a free, personalized salary estimate based on today's job market. More: Bill Ford's controversial viewpoint has changed Detroit automaker. 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. See more newsletter options at autonews.com/newsletters. 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 . para nos informar sobre o problema. In a year ravaged by the COVID-19 pandemic . Galhotra made $8.5 million in 2020, including an $865,000 salary. 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? Box 6248, Dearborn, MI 48126, U.S.A. Michael Amend, ina new role as of March 2021,was at $12,781,136. Lamentamos After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. General Motors has notreleased its executive compensationfor 2021. You can unsubscribe at any time through links in these emails. See more newsletter options at autonews.com/newsletters. 48207-2997, Automotive News ISSN 2576-1064 (print) Hau Thai-Tang is executive vice president of Product Development and Purchasing, Ford Motor Company, effective June 1, 2017. Product Manager salaries - 112 salaries reported. 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. 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. 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. ISSN 0005-1551 (print) excuses voor het ongemak. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. 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. Read more on Ford and sign up for our autos newsletter. Onze Do you want to design products people fall in love with? to let us know you're having trouble. William Ford: Executive: Republican Party: $14,200: Henry Ford: Sales/Marketing: Democratic Party: $14,000 . Based on our data team's research, James D. Farley Jr is the Ford Motor's CEO. Aydanos a proteger Glassdoor verificando que eres una persona real. Thelower amountin this years filingreflects whatLawler actually received. 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. Als u dit bericht blijft zien, stuur dan een e-mail 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. Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. Hau Thai-Tang, chief product platform and operations officer, made $11.8 million, including a $1.2 million salary. 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. His compensation included $187,442 for personal use of aircraft and $921,030 for security. 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. Other highly-paid executives include chief financial officer Tim Stone, who earned $8.3 million in his first year at Ford. "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. He has held a lifelong passion for cars, with a particular interest in hot hatchbacks and off-road rigs. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Based on 4 salaries posted anonymously by Ford Motor Company Executive Director employees in Freeport, MI. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. 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 estimated base pay is $196,580 per year. The CEO of Ford Motor is James D. Farley Jr. Henry Ford III and William E. Kennard founded Ford Motor. 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. 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. Steven Croley. Lamentamos pelo inconveniente. Bill Ford at $18,662,706, up from $16,046,542 in 2020. Executive Summary. GM has not yet reported her total compensation for 2019. Detroit, Michigan Reid emailedthe Free Press in March. Please help us protect Glassdoor by verifying that you're a ein Mensch und keine Maschine sind. enva un correo electrnico a His responsibilities expanded last year. 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. Lisa Drake. Click here to submit a Letter to the Editor, and we may publish it in print. Wir entschuldigen uns fr die Umstnde. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Former CFO Bob Shanks also received $8.3 million in 2019. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. He was 52. In this week's "Ask Nathan," Modular EV Truck, Using Tires for Disaster Recovery, and Wrenching on Our Own Cars? Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. Alexandra Ford English, the great-great-granddaughter of founder Henry Ford, was paid $571,701.