The company said the Board of Directors approved the appointment of John Lawler as Vice Chair, effective June 3, 2024, on May 8, 2024. Lawler, 57, will keep his role as Chief Financial Officer, which he has held since October 2020.

1. 01

   The company said the Board of Directors approved the appointment of John Lawler as Vice Chair, effective June 3, 2024, on May 8, 2024. Lawler, 57, will keep his role as Chief Financial Officer, which he has held since October 2020.

2. 02

   Ford said it appointed Sherry House as Vice President of Finance effective June 3, 2024, with responsibility for financial planning and analysis. The board expects House to be appointed Chief Financial Officer after a transition period working with Lawler, after which Lawler will serve solely as Vice Chair.

3. 03

   The company said it raised Lawler's annual bonus target to 150% of his base salary, which remains $1,242,077. It also increased his annual stock award target from $4,000,000 to $6,500,000, and raised his Defined Benefit Supplemental Executive Retirement Plan Contribution from 0.8% to 0.9%.

4. 04

   The company said it approved a base salary of $900,000 for House, an annual bonus target of 125% of her base salary, and an annual stock award target of $5,000,000. Her sign-on bonus of $4,250,000 will be paid $1,250,000 in cash and $3,000,000 in restricted stock units, of which $1,500,000 will vest immediately.

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