/ Ford, Industry, News / Fields gets pay raise for COO – CEO switch

Fields gets pay raise for COO – CEO switch

Linked In Share
Fields gets pay raise for COO – CEO switch

Alan Mulally has left on July 1 the second largest US automaker, making way for his groomed successor – chief operating officer Mark Fields.

Normally, going from the second best to the best overall position in a company should come with some monetary incentives, besides the bigger corner office and responsibilities. So, yesterday Ford announced in a filling of documents to US regulators that incoming CEO Mark Fields’ base salary would grow by 9%, while also receiving additional stock options and a bonus based on achieved performance targets.

Last year Fields received as COO a base pay of $1.6 million, which goes up to 1.75 million for 2014 – for comparison, outgoing CEO Alan Mulally took home $2 million last year, while his total compensation reached $23.2 million. Fields also had a big total compensation in 2013 – reaching $10.2 million.

According to Ford, while the US Securities and Exchange Commission filling did outline Fields compensation for the rest of the year, the total pay for 2014 would only be disclosed in full when the company files its next proxy in 2015. The US automaker added that Fields senior executive package is 70% performance based and that his target bonus for the year has gone up from $2.4 million in 2013 to $3.5 million in 2014.

Via Reuters

by Aurel Niculescu (my Google+) - Thursday, July 3rd, 2014 - filed under Ford, Industry, News. Image credit: .
Linked In Share
Related Articles
ceo Fields filling pay check us


Discuss: Fields gets pay raise for COO – CEO switch

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Ferrari could be nothing without Formula 1 success
Ferrari could be nothing without Formula 1 successThis is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing ...
Cherokee sales show Jeep was spot on
Cherokee sales show Jeep was spot onThe oddly designed fifth-generation of the model was universally panned by Jeep enthusiasts because of the total departure from ...
VW aims for long-term profits
VW aims for long-term profitsThe German automaker has managed to overcome General Motors last year to snatch the second place among global automakers. But ...
2016 Audi A4 rendered
2016 Audi A4 renderedThe next generation of the Audi A4 should theoretically be just around the corner and the first rendering with the new model has ...
BMW 1-Series DTM Sport Edition goes official
BMW 1-Series DTM Sport Edition goes officialAfter officially pulling the wraps off a similar version of the M4 Coupe, BMW has just unveiled the so-called 1-Series DTM Sport ...
Russia: Lada’s foreign boss wants a sportier image
Russia: Lada’s foreign boss wants a sportier imageBo Andersson, president of AvtoVAZ – the parent of the Lada brand – says that among the many changes the No. 1 Russian ...
Bugatti Veyron Super Sport for sale
Bugatti Veyron Super Sport for saleAn impressive unit of the very rare Bugatti Veyron Super Sport is currently being offered for sale. We all remember the days of ...
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itself
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itselfAudi has made the impossible possible with the RS7 Piloted Driving Concept which managed to lap the Hockenheim on itself. The ...
GM sees China as critical market for intelligent autos
GM sees China as critical market for intelligent autosThe US automaker counts the Asian country as its largest single auto market, so there’s no surprise the company plans to bring ...
Europe: September car deliveries rise 6.1%
Europe: September car deliveries rise 6.1%The battered European region is continuing its recent recovery, with car sales edging up 6.1% last month on the continent thanks ...
[VIDEO] Ferrari LaFerrari drifting at Monza
[VIDEO] Ferrari LaFerrari drifting at MonzaThe newest video starring a Ferrari LaFerrari is showing the impressive hybrid supercar drifting at the famous Monza ...
Manny Khoshbin buys Porsche 918 Spyder
Manny Khoshbin buys Porsche 918 SpyderManny Khoshbin has recently placed an order for a Porsche 918 Spyder after being impressed in the hybrid supercar during a test ...
Tesla’s investors ready to rethink strategy
Tesla’s investors ready to rethink strategyThe California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been ...
Recall roundup: 1.1m Volkswagen vehicles for rear suspension problems
Recall roundup: 1.1m Volkswagen vehicles for rear suspension problemsVolkswagen has just issued a new recall for 1.1 million vehicles in North America and in China because of some problems with ...
[VIDEO] Ferrari LaFerrari being driven in full electric mode
[VIDEO] Ferrari LaFerrari being driven in full electric modeA Ferrari LaFerrari hybrid supercar has been recently spotted out while being driven in a full electric mode. The Ferrari ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2016 audi a4 1
BMW 1-Series DTM Sport Edition 1
bugatti veyron super sport black for sale 1
Audi RS7 Piloted Driving Concept 1
nissan micra cup race car 1
audi tt race car 1
BMW M4 DTM Champion Edition 1
Spy-Shots of Cars
mclaren trackday kyalami 1
sergio aguero lamborghini aventador 1
ABT upgrades the Audi S8 1
2015 Lexus LS 1

More automotive from inautonews
This is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing know-how to lavish luxury supercars that cost two arms and two legs. Last week, a very successful Ferrari period has ended – with longtime Chairman Luca di Montezemolo ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: 1.1m Volkswagen vehicles for rear suspension problemsVolkswagen has just issued a new recall for 1.1 million vehicles in North America and in China ... Recall roundup: 2015 Ford Mustang for airbag problemsFord has recently issued a recall for the new generation of the Mustang muscle car because of a ...
Safety Section