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Ford CEO Hackett's salary fell to $17.4 million in 2019

April 03, 2020 at 09:37 am EDT

Ford Motor Co said on Friday Chief Executive Officer Jim Hackett's total compensation fell to $17.4 million in 2019 from $17.8 million in 2018.

The ratio of Hackett's annual compensation to the median of the annual compensation of all employees was 157 to 1, Ford said. https://ford.to/2wQDYKN

Executive Chairman William Ford received a total salary of $16.8 million in 2019, up from $13.8 million in 2018.

Government orders for social distancing and businesses to shut in the face of the coronavirus pandemic has stalled demand across the auto industry and sent companies scrambling to cut costs and beef up liquidity.

The No. 2 U.S. automaker on Thursday posted a 12.5% fall in U.S. auto sales for the first quarter.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)

Bill Ford Ford

Mr. William C. Ford, Jr., is an Executive Chairman at Ford Motor Co. and a Chairman at Ford Commercial Vehicles. He is on the Board of Directors at The Henry Ford, The Detroit Lions, Inc. and Conservation International Foundation. Mr. Ford was previously employed as a Trustee by Henry Ford Health System, a Founding Partner by Fontinalis Partners LLC, an Independent Director by eBay, Inc., a Chairman by Detroit Economic Club, a Chairman & Managing Director by Ford Motor Co. Switzerland SA, and a Chairman by Business Leaders For Michigan. He received his undergraduate degree from Princeton University and a graduate degree from Massachusetts Institute of Technology.

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FORD MOTOR COMPANY	Chairman
Fontinalis Partners LLC Fontinalis Partners LLC Investment ManagersFinance Fontinalis Partners LLC (Fontinalis Partners) is a venture capital firm founded in 2009 by William Clay Ford, Chris Cheever, Ralph Booth and Mark Schulz. The firm is headquartered in Detroit, Michigan.	Founder