3m board of directors compensation

Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ Investopedia does not include all offers available in the marketplace. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. Prior to 3M, Mark served as Chief Information Officer for Abbott Laboratories where he had global responsibilities for Abbotts technology landscape. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. VUL^07d=xy2 *'..j(( Hs00 If you experience any issues with this process, please contact us for further assistance. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Abbott Laboratories, Dept 364, Bldg. 3M Company reviews the Company's compensation practices and policies, annually reviews and approves (subject to ratification by the independent directors of the Board) the compensation for the CEO, annually reviews and approves the compensation for the other senior executives, Investopedia requires writers to use primary sources to support their work. AP6D. 3M Investor Relations Department The brands listed above are trademarks of 3M. Exelon Corporation. Its about supporting constant iteration, until a point you make yourself obsolete.. In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. Prior to that, Mr. Roman served as Executive Vice President and Chief Operating Officer of 3M Company from July 2017 to June 2018, Executive Vice President of 3Ms Industrial Business from May 2014 to June 2017, and Senior Vice President of Business Development from May 2013 to May 2014, with responsibility for 3Ms strategic roadmap. His team supports the success of the 3M Operating Model, ensuring strong customer and employee engagement globally, protecting the reputation of 3M, providing world global services, while driving the companys workplace transformation strategy. 3M (NYSE: MMM) believes science helps create a brighter world for everyone. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. Throughout her career she has led successful transformation, sales and customer initiatives at Fortune 100 companies across global business lines and regional high-growth start-ups. The average mix across the entire sample is 43% cash and 57% equity. As CEO, she was responsible for AT&T's Business Solutions organization that provided a full suite of business services across wireless, networking, cybersecurity, and advanced solutions, serving nearly 3million business customers in more than 200 countries and territories around the world. Ms. Chow also has a long track record of community leadership involvement in strategic board and advisory work focused on driving success at the intersection of people, culture, and technology. Karina led strategic planning for the companys international operations and served as managing director for 3M Indonesia. endstream endobj 103 0 obj <. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. For the past eight years, Ms. Mike Vale leads 3Ms Safety & Industrial Business Group, which includes personal safety, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. To find out what any publicly held company pays its board members, read the companys annual proxystatement, available from its corporate website or the Securities and Exchange Commission website. Similar to last year, 63% of companies provide additional compensation to committee members. Mr. Pizarro is a vice chairman of the Edison Electric Institute, a director of the Electric Power Research Institute, a member of the Electricity Subsector Coordinating Council, and a Trustee of the California Institute of Technology. It goes a lot higher from there. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. In 2008, he returned to the U.S. to become vice president and general manager of Aearo Technologies LLC, which 3M acquired that year. %PDF-1.7 Boards aren't entirely made up of retirees and people nearing the end of their careers. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. In early 2020, Garfield Bowen was leading global R&D operations and project management for one of 3Ms largest divisions when he got a call from the chief human resources officer a call that would completely change his career trajectory. 6 yrs at my current company. In his spare time, he dedicates himself to being a loving husband and father and growing his family. For example, audit committees have regular meetings before public filings, she says. Eric Hammes is 3Ms executive vice president, chief country governance and services officer. Anne Chow's career in the technology and business sectors spans over three decades. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. 3M announced that Suzan Kereere, head of Global Business Solutions at Fiserv, Inc., has been elected to 3M's Board of Directors, effective Feb. 10, 2022. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. Mr. Pizarro is a member of Edison International's Board of Directors. Pedro brings skills and experience in leading large companies and driving strategic improvements, and a deep understanding of the power of materials science to improve the world. As executive vice president, chief technology officer and environmental responsibility, Dr. John Banovetz leads more than 8,000 scientists who connect 3Ms 51 technology platforms to solve the real-world needs of customers around the world. Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. Chairman of the Board and Chief Executive Officer, Executive Vice President, Chief Technology Officer and Environmental Responsibility, Senior Vice President and Chief Strategy Officer, Executive Vice President and Chief Human Resources Officer, Executive Vice President, Chief Country Governance and Services Officer, Group President, Transportation & Electronics, Group President, Consumer and Interim Group President, Health Care, Executive Vice President, Chief Information and Digital Officer, Executive Vice President, Chief Financial and Transformation Officer, Executive Vice President and Chief Legal Affairs Officer, Caution Concerning Forward-Looking Statements, SDS, RDS, More Regulatory & Compliance Information. This is an opportunity for us to shape what were going to be for the next 100 years., We need to act with purpose: One 3Mer's passion is shaping 3M's approach to addressing equity in STEM, Averages based on self-reported salaries. 3Ms culture brings together passionate people with purpose and strategy to solve some of the worlds toughest challenges.. Of this total $155,000 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $185,000 was awarded as stock and $917 came from other . Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. You must click the activation link in order to complete your subscription. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Incorporation is the legal process by which a business entity is formed. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. The median board retainer for large-cap companies increased slightly by $2,500 to $92,500 and remained flat at mid-cap and small-cap companies (at $75,000 and $60,000, respectively). 118 0 obj <>/Filter/FlateDecode/ID[<7EC0A6CD8E76974B8000B812351B4C61><50CA0BECC4E50243A657300F9E70214C>]/Index[102 22]/Info 101 0 R/Length 82/Prev 76119/Root 103 0 R/Size 124/Type/XRef/W[1 2 1]>>stream IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. Kevin and his wife Melinda have three adult children. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. These descriptions are fairly generic. Words such as plan, expect, aim, believe, project, target, anticipate, intend, estimate, will, should, could, forecast and other words and terms of similar meaning, typically identify such forward-looking statements. Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. She also has a long track record of community leadership involvement in strategic board and advisory work focused on driving success at the intersection of people, culture, and technology. The information shown here is a reporting of information included in the company's proxy statement. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. Throughout her life and career, Karina has lived and worked around the world. 0 To effectively drive growth, it is important to keep the customer at the center of everything we do. Outside of work, Monish enjoys reading, music, watching cricket, playing tennis or badminton and spending time with his family. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. He also served as a trustee on the board for University of St. Thomas and as a board member of the 3M Foundation in the past with particular focus on STEM (science, technology, engineering and math) education.. 3M Expands Board of Directors February 14, 2022. hbbd``b`$fH0@= , VDtbc a`$2012| Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. hb```e``3,00```T~s@@(` investorrelations@3M.com. He enjoys pushing himself mentally and physically in a broad range of athletics. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. The Birmingham Water Works Board (BWWB) is taking multiple chemical companies to federal court in South Carolina, accusing them of contaminating Birmingham's drinking water supply - which was . In his 35-year career with the company, he has played a key role in its transformation, from lower-margin, commodity businesses to one more deeply focused on higher-growth consumer demand-driven markets that value innovation. Chicago, IL 60603. I took some time to think about it because the emotions of the time were raw and real, Garfield said. 3M (NYSE: MMM) announced today that Anne H. Chow, retired chief executive officer of ATT Business, and Pedro J. Pizarro, president and chief executive officer of Edison International, have been elected to 3M's Board of Directors, effective Feb. 9, 2023. The Technology and Industrials sectors have the highest prevalence of stock options at 18% and 10% prevalence, respectively, granted in isolation or in tandem with full-value stock awards. Ownership guidelines are typically enforced via a years-to-achieve rule (66% prevalence), a retention/holding requirement (11% prevalence), or a combination of the two (23% prevalence). Mike Roman is chairman of the board and chief executive officer of 3M, a $35 billion science and manufacturing company that improves lives around the world. He joined 3M in October 2021 as executive vice president and chief information & digital officer, helping lead the digital transformation of the $32 billion science-based company. Make sure your resume states what you will specifically bring to the table as a board member.. If the company wasnt serious about action, then I wouldnt be the right candidate., Listening to our communities: The diverse voices and perspectives of 3M's Community Coalition, During his 33-year tenure at 3M, Global Diversity and Inclusion Strategist Scott Morris has never been more excited to be a part of a company and movement that is helping affect peoples lives. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> It regularly meets in executive session, without the presence of Rogers' management. This report is not for commercial use. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. I am starting to look elsewhere but I have great WFH life now. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. Every day her team is focused on attracting, supporting, and developing talent, and ensuring 3M is a place where everyone belongs, learns, innovates and thrives. The estimated base pay is $176,111 per year. "2020 Proxy Statement," Page 12. These include white papers, government data, original reporting, and interviews with industry experts. The board chair receives an additional $200,000; the audit committee chair receives an additional $35,000; the compensation committee chair receives an additional $30,000, and the nominating committee chair receives an additional $25,000. 224-1W-02 You can sign up for additional alert options at any time. %%EOF For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. 3M has increased its dividend for 64 straight years. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. A. Mike is most proud of seeing the success of coworkers and people he has mentored during his time at the company. Ashish has a strong technical background and has authored 10 patents. All proxy statements are public filings made available to the general public by the SEC. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. Hornbaker also recommends becoming educated on the fundamentals of governance and directorship through a program such as the National Association of Corporate Directors Director Professionalism program. Using 46 technology platforms, our integrated team of scientists and researchers.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. At 3M, we promise to treat your data with respect and will not share your information with any third party. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. investorrelations@3M.com. It operates through the following segments: Safety and Industrial,. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries?