Sales Associate salaries - 84 salaries reported. The automaker is also trying to. For its 2021 fiscal year, FORD MOTOR CO, listed the following board members on its annual proxy statement to the SEC. 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. 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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. Here are further demographic highlights of the leadership team: The Ford Motor executive team is 35% female and 65% male. Hau Thai-Tang, who was promoted from chief product development and purchasing officer tochief product platformand operations officer, at$11,780,405. 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. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. FORD MOTOR CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. CFO Bob Shanks, who was replaced by. The estimated additional pay is $243,443 . 1155 Gratiot Avenue More: Ford's Jim Hackett kept $16.7M pay package in 2020 despite stepping down. 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. Meanwhile, the company will double bonuses for lower-level employees, from 54% of their . Als u dit bericht blijft zien, stuur dan een e-mail Big stock awards and performance gave Ford CEO Jim Farley a major boost in his 2021 payout. "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.". "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. 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. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. Non-Executive Chairman and Co-Founder of Velocitas Partners, Executive Vice President of Product Development & Purchasing. Additional pay could include bonus, stock, commission, profit sharing or tips. CEO, Ford Pro. 2023 CBS Broadcasting Inc. All Rights Reserved. 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. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Executive Chairman Bill Ford: $16.76 million, up from $13.83 million in 2018. Heres how they performed in the first three months of this year: Zach is the managing editor for TFLcar. Lawler's compensation included a $715,000 salary and $27,313 for evaluation vehicles. 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. Ford's 2019 compensation for its top executives, which includes salary, incentive bonuses, stock, and other perks, is broken down as follows: CEO Jim Hackett: $17.36 million Executive Chairman Bill Ford: $16.76 million CFO Tim Stone: $8.32 million CFO Bob Shanks: $8.32 million Detroit, Michigan 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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Thai-Tang and Kumar Galhotra, Ford's president of the Americas and International Markets Group, received incremental bonuses for their roles last year. Salary ranges represent what Ford pays for a job within a salary grade or leadership level based Haig: Buy-Sell Q&A: What is the value of an M&A advisor? John Lawler, who succeeded Tim Stone as CFO in October, made nearly $6 million. Some related job titles areChief Operating Officer salaries with median pay of $354,128,Senior Director salaries with median pay of $326,769,Vice President salaries with median pay of $321,609,CEO salaries with median pay of $377,206. While Hackett did earn a substantial amount, he hasnt been the highest-earning automotive executive among the Big Three. Former CFO Bob Shanks also received $8.3 million in 2019. While all Big Three automakers suffered on the sales front through March 2020, one strong area was in trucks. The automaker is also trying to figure out when to release its highly anticipated Ford Bronco and F-150. Read more on Ford and sign up for our autos newsletter. 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. 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. His base salary of $1.7 million was unchanged, but his stock awards more than doubled to $13.8 million. After growing up surrounded by Mustangs, it seemed inevitable that Chris Walter would end up working on them. enviando un correo electrnico a The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. GM CEO Mary Barra received a $23.6 million package in 2020. Thelower amountin this years filingreflects whatLawler actually received. Hackett stepped down as CEO on Oct. 1 but remained with the company as an adviser. 48207-2997, Automotive News 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. Lawler wasCEO of Ford Autonomous Vehicles and vice president of mobility partnerships. 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. 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. 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. GM has not yet reported her total compensation for 2019. His responsibilities expanded last year. The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. CEO Jim Farley, who assumedthe helmon Oct. 1, earned $11,802,054 in executive compensation for the whole year. Meanwhile, Farley is being rewarded on strength of performance in his first full year as CEO, said Ford spokesperson Catherine Hargett. 12% of the management team is Black or African American. More: Bill Ford's controversial viewpoint has changed Detroit automaker. Allstate: Compliance standards are changing. If you continue to see this 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? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. Follow her on Twitter @phoebesaid. 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. The estimated base pay is $196,149 per year. Average salary for Ford Motor Company Executive Director in Freeport, MI: [salary]. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. For more information, see ourPrivacy Policy. per informarci del problema. Farley received $685,330. 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. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? What do you think? Concentrix: How can customer data drive a better automotive CX? The estimated base pay is $196,580 per year. President, Lincoln. FORD MOTOR CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. naar Box 6248, Dearborn, MI 48126, U.S.A. Salaries at Ford Motor Company range from an average of $68,185 to $132,153 a year. In addition to Farley, Ford also disclosed its top executive pay in 2021: Payments to Amend and Field reflect signing bonuses, with $800,000 for Amend and $500,000 for Field, the federal filing said Friday. "His CEO compensation is 90% performance based and is in line with his industry peers.". Base salary considers skills, experience and competitive market value. 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 The information shown here is a reporting of information included in the company's proxy statement. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Edsel B. Ford IIwas paid $811,469. Based on 4 salaries posted anonymously by Ford Motor Company Executive Director employees in Freeport, MI. March 18, 2022 11:26 AM Michael Martinez Ford CEO Jim Farley DETROIT Ford Motor Co. CEO Jim. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. / CW50 Detroit. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. 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. 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. "Mr. Farley is a relatively new CEO leading a successful business transformation and his compensation reflects the change in his position, improvements in the companys performance and Ford+ achievements," she told the Free Press on Friday. 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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. message, contactez-nous l'adresse 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. ISSN 1557-7686 (online), Fixed Ops Journal You may also find the annual proxy statement by going directly to the company's website. Se continui a visualizzare "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. Tons of great salary information on Indeed.com For more information, see ourPrivacy Policy. He was 52. West Senior Sales Executive in California makes about $66,604 per year. real person. 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. Alpha One Ford Executive Assistant in the United States makes about $51,689 per year. Among Southeastern Michigan foundations, topping the salary list is Rip Rapson of the Kresge Foundation at $695,468. The report showed Fordemployees earneda median annual total compensation of $61,778 in 2020, down from$110,706 in 2019 and $64,316 in 2018. Happy Lunar New Year from all of us at Ford! 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. 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. Ford said executives exceeded cash flow, pretax earnings and quality targets, although they achieved none of their revenue goals. Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and . Responses will be sent to those that include a return address, as appropriate. 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. Coupled with an EBIT margin of 7.3 percent, it was Ford's strongest performance since 2016. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards. Join us at www.careers.ford.com! 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