Bill Ford, Jr., executive chairman, Ford Motor Company (left) and Jim Hackett, president and chief executive officer, Ford Motor Company, pose with the all-new Ford Ranger at the 2018 North American International Auto Show. Ranger will return to the North American market in 2019.
According to a new report out of the United States, Ford Motor Company paid new CEO and president Jim Hackett some $16,73-million (that’s about R198-million) in 2017.
In a recent filing with the Securities and Exchange Commission, the brand disclosed its top executives’ pay, according to The Detroit Times.
Interestingly, former CEO Mark Fields – who left the post in May 2017 – still took home some $21-million for the year, after scoring some $22-million in 2016. Hackett and Fields were each paid a $3,6-million incentive-based bonus.
The report added that Joe Hinrichs, president of global operations, and Jim Farley, president of global markets, both received increases in their new roles in 2017, with the former’s pay package almost doubling to $12,12-million and the latter’s more than doubling to $13,47-million.
Bill Ford Junior, the brand’s executive chairperson (pictured above left), pocketed $15,63 million in 2017, including a $1-million incentive-based bonus.
Ryan has spent most of his career in online media, writing about everything from sport to politics and other forms of crime. But his true passion – reignited by a 1971 Austin Mini Mk3 still tucked lifeless in a dark corner of his garage – is of the automotive variety.