Ford Boosts Compensation for New Chief Operating Officer
February 18 2020 - 08:23PM
Dow Jones News
By Kimberly Chin
Ford Motor Co. said Tuesday that it has increased the salary, as
well as other forms of compensation, for its new chief operating
officer, James Farley.
Mr. Farley, who will step into the role on March 1, will receive
an annual base salary of $1.4 million, up from $1.1 million, the
company said in an amended securities filing.
Mr. Farley's annual incentive compensation bonus target was
raised to $1.89 million from $1.375 million.
Ford also increased Mr. Farley's annual stock grants to $5
million from $3.82 million.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 18, 2020 20:08 ET (01:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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