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. 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. 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. The changes would apply to Galhotra, CEO Jim Farley, Executive Chair Bill Ford Jr. and other senior leaders. 48207-2997, Automotive News You can unsubscribe at any time through links in these emails. Neither General Motors nor Stellantis have released their executive compensation packages for 2020. Exterior Design Manager Reflects on Passion for Mustang, Development of All-New Model. General Motors CEO Mary Barraearned$21.6million in total compensation in 2019. 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 Wir entschuldigen uns fr die Umstnde. We are sorry for the inconvenience. The estimated additional pay is $243,443 . 2020 CBS Broadcasting Inc. All Rights Reserved. If you continue to see this 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. 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. Heres what you need to know. 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Have an opinion about this story? 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. 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. For more information, see ourPrivacy Policy. GM CEO Mary Barra received a $23.6 million package in 2020. Process Coach salaries - 86 salaries reported. ein Mensch und keine Maschine sind. [Photo: Ford] Ford disclosed the salary and pay ratio data for its executives in an . 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. Tons of great salary information on Indeed.com 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. 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. 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 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. Aydanos a proteger Glassdoor verificando que eres una persona real. 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The company's 2021 performance led to sizable bonuses, including $3.7 million for Farley and $2 million for CFO John Lawler. 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. 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. Aircraft costs are based onfuel, maintenance, flight crew, insurance and hangar storage expenses. "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. GM has not yet reported her total compensation for 2019. 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. 11% of the management team is Hispanic or Latino. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 12% of the management team is Black or African American. It's the Year of the Rabbit! 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. Meet members of the Ford Chinese Association and find out their favorite Lunar New Year traditions. Choose your news we will deliver. Of interest to many nonprofit readers are the salaries paid to foundation executives and to the top people in nonprofit service providers. ISSN 1557-7686 (online), Fixed Ops Journal Content in this story was edited after publishing. 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. pour nous faire part du problme. Haig: Buy-Sell Q&A: What is the value of an M&A advisor? The data presented on this page does not represent the view of Ford Motor and its employees or that of Zippia. Please select at least one newsletter to subscribe. ; 61% of the management team is White. The automaker is also trying to. Jim Farley, who is now chief operating officer, earned $5.9 million in 2019. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law. (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. 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 . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Kumar Galhotra, president of the Americas and International Markets Group, earned $8,534,094. Click here to submit a Letter to the Editor, and we may publish it in print. 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