Ford’s New CEO Mark Fields Eligible for 33% Rise in Pay
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Ford Motor Co.’s new Chief Executive Officer Mark Fields will be paid salary and bonus of as much as $5.25 million this year, a 33 percent increase from what he was eligible to receive as chief operating officer in 2013.
Fields, who became CEO yesterday upon the retirement of Alan Mulally, will get $1.75 million in salary and is eligible for a bonus of $3.5 million, Dearborn, Michigan-based Ford said today in a regulatory filing. He’ll get 710,227 stock options at an exercise price of $17.21, which compensation analyst GMI Ratings values at more than $3 million. Last year, Mulally received $2 million in salary and $5.88 million in bonus.