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New Ford CEO has base salary of $1.75 million

  • Mark Fields, the new CEO of Ford, will get a 14% hike in salary from what he was earning as COO. 

    His new base salary is $1.75 million, reports said.

    The base salary of the outgoing CEO, Alan Mulally, was $2 million towards the end of his tenure. 

    Fields will also get a bonus linked to performance which could fetch him $3.5 million, besides 710,227 stock options, reports quoting a regulatory filing said.

     

    Tagged as: Mark Fields, CEO, Ford, salary, hike, COO, base salary, bonus, Alan Mulally, business news