3m board of directors compensation

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3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. Dr. Moyo earned a bachelors degree in chemistry and MBA degree in Business Administration from American University, an M.P.A. As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. That's actually a 5% increase from the year before. For example, some of the qualities Wal-Mart says its looking for in board members include:"outstanding achievement in their professional careers; broad experience and wisdom; personal and professional integrity; ability to make independent, analytical inquiries; experience with and understanding of the business environment; willingness and ability to devote adequate time to Board duties.". Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. He serves on the boards of Special Olympics International, Cambridge China Development Trust, Council on Foreign Relations, and Emory University. Approximately 80% of the sample uses a retainer-only structure (no board meeting fees), and an additional 6% only awards a meeting fee for abnormally high activity above a pre-set threshold. 3M Expands Board of Directors February 14, 2022. 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. He served in that role until 2012, when he became global business director for 3Ms Industrial Adhesives and Tapes Division. "Private Company Board Compensation Survey. You must click the activation link in order to complete your subscription. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You may also find the annual proxy statement by going directly to the company's website. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. From May 2005 through January 2006, he was President and Chief Operating Officer of The Coca-Cola Companys North Asia, Eurasia and Middle East Group. After spending almost two years with Aearo integrating it into 3M, Mike became managing director of 3M Brazil in 2009. The 3M board of directors is mostly composed of former CEOs. "People achieve great things when they are embraced and valued; when they are connected, not isolated; and when their intelligence and imagination are unleashed". A director elected to the Board after the beginning of a Plan Year may elect, by written notice to 3M within 30 days after such director's term begins, to participate in the Compensation alternatives for the remainder of that Plan Year, and election for succeeding years shall be on the same basis as for other directors. Prior to 3M, Mark served as Chief Information Officer for Abbott Laboratories where he had global responsibilities for Abbotts technology landscape. Hood is responsible for leading the companys worldwide finance organization, including business operations, acquisitions, treasury, tax planning, global real estate, accounting and reporting, internal audit and investor relations. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? She currently serves as Lead Director on the Board of Directors for FranklinCovey and as Adjunct Professor of Executive Education at the Kellogg School of Management, Northwestern University. Incorporation is the legal process by which a business entity is formed. During his leadership, this business was transformed through a thorough portfolio prioritization and diversification in fast growth segments, becoming a strong contributor to the company results. I have been an Office Manager 21 yrs. One of our four strategic priorities at 3M is People & Culture because we know we will drive growth in our business and change in our communities by developing talent in an inclusive environment, Zoe says. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? Kevin is a registered patent attorney and has served as President of the Intellectual Property Owners Association and the Association of Corporate Patent Counsel, as well as Chair of the Steering Committee of the Coalition for 21st Century Patent Reform. Mr. Fitterling was named CEO-elect of Dow in March 2018 prior to becoming CEO in July 2018, and he was elected chairman in April 2020. 224-1W-02 To address this data deficiency, Compensation Advisory Partners (CAP) and Family Business and Private Company Director magazines conducts our Private Company Board Compensation and Governance Survey. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Its about creating an environment that unlocks the full potential of teams and individuals and, as a result, achieves even higher performance and more engaged employees.. 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. They will provide invaluable insight and perspective to our board as we continue to position 3M for the future.". Investopedia does not include all offers available in the marketplace. %PDF-1.7 He previously worked at St. Jude Medical for more than 15 years, holding multiple technology roles of increasing responsibility. Peter Gibbons joined 3M in November 2021 as group president of Enterprise Operations, which brings together manufacturing, supply chain and customer operations, and is focused on optimizing the customer experience through end-to-end aligned and agile operations. Year-over-year increases to total compensation, at the median, were modest among large-cap and mid-cap companies compared to small-cap companies, which had a relatively significant increase . Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc. Executive Vice President and Chief Financial Officer, Microsoft Corporation, Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company. 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. Changes were relatively stable across industries; we observe that Financial Services, Industrials, and Technology companies had no increases in median total compensation, while Energy and Retail companies had increases of 3% and 2%, respectively. Outside of work, Peter enjoys hiking, reading, and supporting the Glasgow Celtic soccer club and serves on the boards of CP Kelco and the Jesuit School of Theology of Santa Clara University. Chicago, IL 60603. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Ashish is a trained Chemical Engineer, with a bachelors degree from Indian Institute of Technology, Delhi, and a Ph.D. from the University of Minnesota. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. Non-employee directors also receive an annual cash retainer of $100,000. Mike serves as a member of the board of directors of The Toro Company and is a former trustee of the Science Museum of Minnesota. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. 3M has increased its dividend for 64 straight years. So what does he do when hes not in the office? What Is the Salary of the Federal Reserve Chair? That's actually a 5% increase from the year before . Various senior positions at Ita Unibanco Group , including CEO (January 2017 . "Anne has decades of experience in technology and business, and a proven track record of transforming global organizations and community engagement. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. Bldg. About3M For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. He most recently was Senior Vice President and Deputy General Counsel, advising senior management and the Board of Directors on legal issues. The estimated additional pay is $169,271 per year. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. 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. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com 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. 3M provides a match up to a certain percent, 3M is a global science company that never stops inventing. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Fixed retainers remain more prevalent than meeting fees as the means to deliver additional compensation. Mike later became general manager of 3M Spain. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. ST. PAUL, Minn., Feb. 8, 2023 /PRNewswire/ -- 3M (NYSE: MMM) announced today that Anne H. Chow, retired chief executive officer of AT&T Business, and Pedro J. Pizarro, president and chief. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. 10 S. Dearborn St., 54th Floor. Its that excitement, mixed with his incredible passion and leadership, that has led to some of 3Ms biggest equitable actions in the past year. After submitting your request, you will receive an activation email to the requested email address. Only outside directors get compensation specifically for serving on the board. Hornbaker says attending committee meetings might be another responsibility. Prior to 3M, she served as a business leader and consultant for various companies in Mexico and Europe. He began his professional career as a senior research engineer in 3M laboratories in St. Paul. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. Outside directors who hold certain board positions receive an additional annual retainer:$35,000 for the lead independent director; $25,000 for audit committee members and for compensation, nominating, and governance committee members; and $20,000 for strategic planning and finance committee chairs and for technology and eCommerce committee chairs. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. endobj This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Lodestone Global. Mr. Roman also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. Related Searches:All Director Salaries|All 3M Salaries. Three years later, he was tapped to lead 3M's corporate research lab. 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. Retired Chairman of the Board and Chief Executive Officer, Cargill, Chairman of the Board and Chief Executive Officer, Caution Concerning Forward-Looking Statements, SDS, RDS, More Regulatory & Compliance Information. endobj He earned a bachelors degree from St. Josephs College of Commerce in Bangalore, India. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. Ashish has been with the company for more than 26 years. Mr. Pizarro served as president of SCE from 2014 to 2016. 3M Investor Relations Department How can I negotiate if they say the offer is off, Planning to bid on a house - 1.3M, with a base salary of 210K - in Seattle.. Worth it? 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. A non-executive director is a member of a company's board of directors who is not part of the executive team. He leads a global Legal Affairs team that helps guide business opportunities, address enterprise risks, protect intellectual property, shape the development of law and policy, and strengthen compliance and security. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. 3M leverages its 51 technology platforms to create differentiated solutions for customers through four business groups: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. In his free time, Kevin enjoys travel, outdoor activities including fishing, hiking and gardening, and spending time with his family. The more qualifications you can bring to the table, the better. For the past eight years, Ms. As 3Ms senior vice president and chief strategy officer, Karina Chavez leads several functions including strategy, brand, design, sponsorships and events, and communications for the $32 billion science-based company. Opening up lines of communication to a second- or even third-degree connection could lead to an excellent fit for the board position you seek. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Hornbaker suggests giving your resume to search firms youve dealt with in the past and letting them know you're interested in obtaining a board position. He is past-chair of the board of Big Brothers Big Sisters of America, past president of the Northern Star Council of the Boy Scouts of America and continues to serve on both boards as well as the board of Alight (formerly known as the American Refugee Committee). In 2018, he was inducted into the Intellectual Property Hall of Fame by the IP Hall of Fame Academy.

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