James P. Hackett is the current CEO of Ford Motor Company, having taken the reins in May 2017. With a Bachelor of Arts and an MBA from the University of Michigan, Hackett has a strong background in business and management....

Number of Employees

177K

Year

2020

Total Compensation

$9.74M

Salary

$1.80M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, with a focus on attracting and retaining top talent.

Bonus

$0.00

Board Justification

No bonus was awarded for 2020 performance due to the company's performance metrics.

Other

$0.00

Board Justification

No additional compensation was reported for 2020.

Restricted Stock

$7.94M(7.94M Performance Units and Time-Based Units)

Board Justification

The stock awards that vested in 2020 include Performance Units and Time-Based Units granted in previous years, with a total value of $7,943,214.

Performance Metrics

The performance metrics for 2020 included financial metrics related to company performance, which influenced the compensation structure.

SEC Filing

From April 1, 2021

James P. Hackett

Ex-CEO of Ford Motor Company

JP

Education

Bachelor of Arts in Business Administration from the University of Michigan and a Master of Business Administration from the University of Michigan

Field of Expertise

Business & Management

Born

June 15, 1954 - 70 years ago

Is Founder?

No

Tenure

3 years 4 months (May 2017 - Oct 2020)

Previous Experience

CEO of Steelcase Inc., President and CEO of Steelcase