USW Proposal Spotlights Excessive 3M CEO Compensation They may contain forward-looking information about 3Ms financial results, estimates and business prospects that involve substantial risks and uncertainties that could cause actual results to differ materially. 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). The estimated base pay is $176,111 per year. You must click the activation link in order to complete your subscription. Approximately 90% of companies in the sample grant full-value stock awards exclusively (i.e., no stock options). It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. You can sign up for additional alert options at any time. 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 Mr. 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. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. In 2017 she was named global business director for 3Ms home improvement business, until 2020 when she became senior vice president for customer operations. Ms. Chow served as the CEO of AT&T Business from 2019 to 2022 after having served in various executive leadership positions at AT&T since 2000. 10 S. Dearborn St., 54th Floor. endobj Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. 3M Investor Relations Department Michael Ferrante and Connor Damon are consultants at FW Cook. from Grinnell College. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Tel: (651) 737-6523 She is currently a member of the Dallas Mavericks Advisory Council, Business and Community Advisory Council of the Federal Reserve Bank of Dallas, and the Committee of 100. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. PDF 3M Board of Directors Nominating and Governance Committee Charter Lead, Columbia University's SIPA Tech & Policy Initiative; . If youre interested in pursuing a board seat, heres what you need to know about what boards are looking for, how to get noticed, and what to expect as compensation. Companies in all size segments continue to provide more than half of total pay in equity, on average, with equity weighting generally increasing with company size. 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. The estimated base pay is $176,306 per year. These descriptions are fairly generic. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. Before that, he served as president and chief operating officer of Dow and also previously served as chief operating officer for the Materials Science division of DowDuPont. 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. 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. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. She has been married more than 20 years, with two teenage kids. In 2001, Mike returned to the U.S. as one of 3Ms first Six Sigma master black belts. Those two years, he says, are what really grounded him in company-wide priorities. The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). "Few Hours, Soaring Pay for Corporate Board Members.". U.S. Securities and Exchange Commission. That's actually a 5% increase from the year before . "Private Company Board Compensation Survey. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. Board of directors - Leadership and Governance - Exelon You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests. Explore our Directors and their backgrounds. Mr. Pizarro served as president of SCE from 2014 to 2016. Sales Compensation Trends Revealed in New Survey. You'll want to pursue networking both online and offline. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. News & Views 2/17/2022 3M Adds To Board Of Directors. Mr. Kent is a member of the board and past Co-Chair of The Consumer Goods Forum and past Chairman of the International Business Council of the World Economic Forum. She has led global organizations through major transformations with decades of strategic and operational experience serving the business marketplace, including roles as president, AT&T National Business and president, and AT&T Integrator Solutions. 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 . I feel blessed and give everything I have to leave 3M in a better place, every day.. Pedro Pizarro has been President and CEO of Edison International, the parent company of Southern California Edison (SCE), one of the nation's largest electric utilities, since 2016. 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. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. The compensation analysis excludes any temporary reductions to director compensation implemented due to the pandemic. It goes a lot higher from there. Inspired, passionate leaders have the power to transform, Jeff says. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. Anne Chow and Pedro Pizarro elected to 3M Board of Directors Download required. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. Retired, Chief Executive Officer of AT&T Business, an organization that provided a full suite of business services across wireless, networking, cybersecurity, and advanced solutions, serving nearly 3 million business customers in more than 200 countries and territories around the world. ", Boston Globe. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. Leonteq publishes agenda and proposal of the Board of Directors for the He enjoys pushing himself mentally and physically in a broad range of athletics. Possessing a wealth of experience in manufacturing and supply chain operations, Peter previously held senior-level executive positions at Mattel, Starbucks and ICI Paints North America. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. FW Cook's 2020 Director Compensation Report studies non-employee director compensation at 300 companies of various sizes and industries to analyze market practices in pay levels and program structure. About3M She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. In his current position, John remains focused on driving change, challenging the status quo and helping develop the 3M leaders of tomorrow. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. He holds a bachelors degree in Physics from University of Edinburgh and a masters degree in Business Administration from Strathclyde Business School in Glasgow, Scotland. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. 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: the large-cap median increased 1.6% to $290,000, the mid-cap median increased 1.7% to $216,950, and the small-cap median increased 5.1% to $163,500. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. In 2011, he became executive vice president of the Consumer Business Group, and in 2016 was appointed executive vice president of the Health Care Business Group. Chairman of the Board and Chief Executive Officer of 3M Company. 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. 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. The Health Care Business Group makes better health possible by delivering proven innovations in medical and oral care, health information systems, and food safety, enabling healthcare professionals to improve quality of care for millions of people around the globe. Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. In connection with Ms. Kereere's election, the Board of Directors . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Birmingham Water Works Board files lawsuit against chemical Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. Under Mikes leadership, 3M has also helped lead the worlds response to COVID-19, which includes distributing more than 4 billion respirators to protect nurses, doctors and first responders. This report is not for commercial use. Attractive qualities include experience in high-level work for the federal government, positions as a CEO or director, experience founding and running a successful startup, and experience on other boards. 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. 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. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. 2 0 obj View original content to download multimedia:https://www.prnewswire.com/news-releases/anne-chow-and-pedro-pizarro-elected-to-3m-board-of-directors-301741429.html. 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). As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. Three years later, he was tapped to lead 3Ms corporate research lab. 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 is advancing diversity, equity and inclusion with a pledge to double its representation of underrepresented groups, along with new initiatives to strengthen STEM education. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 3m Compensation Plan For Non-employee Directors Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. How Much Board of Directors Members Get Paid and What They Do Board of Directors | Medtronic It operates through the following segments: Safety and Industrial,. endstream endobj startxref So what does he do when hes not in the office? Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. The report recommended that companies start compensating board directors with cash and equity. Equity grants most commonly vest immediately, or cliff-vest after one year. Corporate boards are made up of highly successful executive outsiders. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. 3 0 obj 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. On Fishbowl, you can share insights and advice anonymously with 3M employees and get real answers from people on the inside. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. Anne Chow and Pedro Pizarro elected to 3M Board of Directors Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. 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. Director Compensation - The Conference Board In his spare time, he dedicates himself to being a loving husband and father and growing his family. He can also be found running, antiquing, reading science fiction and spending time with his family. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Abbott Laboratories, Dept 364, Bldg. endstream endobj 103 0 obj <. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ Jeff Lavers is the group president of 3Ms Consumer Business Group. Mike later became general manager of 3M Spain. Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. 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. Zoe has been the architect of 3Ms talent and organization effectiveness strategies, and a passionate advocate for embedding diversity, equity and inclusion across the company. Our household income is $240k and have $400k for down payment after selling all stocks. "2020 Proxy Statement," Page 12. Mark Murphy has more than two decades of experience developing and leading global technology organizations across multiple industries including healthcare, medical device, retail and financial services. Ms. I am starting to look elsewhere but I have great WFH life now. She is also actively involved in charitable organizations, focused on education and on the advancement of women in business, including The Womens Forum of New York, New York University Stern School of Business, Junior Achievement of New Jersey, and is a board member for Smith College Trustees. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. I am extremely thankful for the company and leaders I work for at 3M, Eric says. A. You may also find the annual proxy statement by going directly to the company's website. Hornbaker says attending committee meetings might be another responsibility. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . 3M Director Salaries | Glassdoor oYgd=??/_C|72KFSI. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 0 Eric joined 3M in 1997, and held several leadership positions in the Finance organization, primarily in Health Care and Electronics. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. 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. Ms. Chow has led global organizations through major transformations with decades of strategic and operational experience serving the business marketplace, including roles as president, AT&T National Business and president, and AT&T Integrator Solutions. 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.. Working globally, and having led in United States, West Europe, and Asia Pacific, he has always focused on maximizing value for customers, employees, and shareholders. 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. After submitting your request, you will receive an activation email to the requested email address. In 2016, John moved to West Europe to serve as managing director of 3Ms D-A-CH region, which represents the companys combined operations in Germany, Austria and Switzerland. 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3m board of directors compensation

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3m board of directors compensation

He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. 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. 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. He earned a bachelors degree from St. Josephs College of Commerce in Bangalore, India. USW Proposal Spotlights Excessive 3M CEO Compensation They may contain forward-looking information about 3Ms financial results, estimates and business prospects that involve substantial risks and uncertainties that could cause actual results to differ materially. 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). The estimated base pay is $176,111 per year. You must click the activation link in order to complete your subscription. Approximately 90% of companies in the sample grant full-value stock awards exclusively (i.e., no stock options). It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. You can sign up for additional alert options at any time. 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 Mr. 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. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. In 2017 she was named global business director for 3Ms home improvement business, until 2020 when she became senior vice president for customer operations. Ms. Chow served as the CEO of AT&T Business from 2019 to 2022 after having served in various executive leadership positions at AT&T since 2000. 10 S. Dearborn St., 54th Floor. endobj Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. 3M Investor Relations Department Michael Ferrante and Connor Damon are consultants at FW Cook. from Grinnell College. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Tel: (651) 737-6523 She is currently a member of the Dallas Mavericks Advisory Council, Business and Community Advisory Council of the Federal Reserve Bank of Dallas, and the Committee of 100. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. PDF 3M Board of Directors Nominating and Governance Committee Charter Lead, Columbia University's SIPA Tech & Policy Initiative; . If youre interested in pursuing a board seat, heres what you need to know about what boards are looking for, how to get noticed, and what to expect as compensation. Companies in all size segments continue to provide more than half of total pay in equity, on average, with equity weighting generally increasing with company size. 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. The estimated base pay is $176,306 per year. These descriptions are fairly generic. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. Before that, he served as president and chief operating officer of Dow and also previously served as chief operating officer for the Materials Science division of DowDuPont. 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. 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. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. She has been married more than 20 years, with two teenage kids. In 2001, Mike returned to the U.S. as one of 3Ms first Six Sigma master black belts. Those two years, he says, are what really grounded him in company-wide priorities. The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). "Few Hours, Soaring Pay for Corporate Board Members.". U.S. Securities and Exchange Commission. That's actually a 5% increase from the year before . "Private Company Board Compensation Survey. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. Board of directors - Leadership and Governance - Exelon You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests. Explore our Directors and their backgrounds. Mr. Pizarro served as president of SCE from 2014 to 2016. Sales Compensation Trends Revealed in New Survey. You'll want to pursue networking both online and offline. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. News & Views 2/17/2022 3M Adds To Board Of Directors. Mr. Kent is a member of the board and past Co-Chair of The Consumer Goods Forum and past Chairman of the International Business Council of the World Economic Forum. She has led global organizations through major transformations with decades of strategic and operational experience serving the business marketplace, including roles as president, AT&T National Business and president, and AT&T Integrator Solutions. 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 . I feel blessed and give everything I have to leave 3M in a better place, every day.. Pedro Pizarro has been President and CEO of Edison International, the parent company of Southern California Edison (SCE), one of the nation's largest electric utilities, since 2016. 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. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. The compensation analysis excludes any temporary reductions to director compensation implemented due to the pandemic. It goes a lot higher from there. Inspired, passionate leaders have the power to transform, Jeff says. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. Anne Chow and Pedro Pizarro elected to 3M Board of Directors Download required. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. Retired, Chief Executive Officer of AT&T Business, an organization that provided a full suite of business services across wireless, networking, cybersecurity, and advanced solutions, serving nearly 3 million business customers in more than 200 countries and territories around the world. ", Boston Globe. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. Leonteq publishes agenda and proposal of the Board of Directors for the He enjoys pushing himself mentally and physically in a broad range of athletics. Possessing a wealth of experience in manufacturing and supply chain operations, Peter previously held senior-level executive positions at Mattel, Starbucks and ICI Paints North America. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. FW Cook's 2020 Director Compensation Report studies non-employee director compensation at 300 companies of various sizes and industries to analyze market practices in pay levels and program structure. About3M She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. In his current position, John remains focused on driving change, challenging the status quo and helping develop the 3M leaders of tomorrow. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. He holds a bachelors degree in Physics from University of Edinburgh and a masters degree in Business Administration from Strathclyde Business School in Glasgow, Scotland. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. 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: the large-cap median increased 1.6% to $290,000, the mid-cap median increased 1.7% to $216,950, and the small-cap median increased 5.1% to $163,500. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. In 2011, he became executive vice president of the Consumer Business Group, and in 2016 was appointed executive vice president of the Health Care Business Group. Chairman of the Board and Chief Executive Officer of 3M Company. 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. 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. The Health Care Business Group makes better health possible by delivering proven innovations in medical and oral care, health information systems, and food safety, enabling healthcare professionals to improve quality of care for millions of people around the globe. Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. In connection with Ms. Kereere's election, the Board of Directors . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Birmingham Water Works Board files lawsuit against chemical Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. Under Mikes leadership, 3M has also helped lead the worlds response to COVID-19, which includes distributing more than 4 billion respirators to protect nurses, doctors and first responders. This report is not for commercial use. Attractive qualities include experience in high-level work for the federal government, positions as a CEO or director, experience founding and running a successful startup, and experience on other boards. 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. 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. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. 2 0 obj View original content to download multimedia:https://www.prnewswire.com/news-releases/anne-chow-and-pedro-pizarro-elected-to-3m-board-of-directors-301741429.html. 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). As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. Three years later, he was tapped to lead 3Ms corporate research lab. 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 is advancing diversity, equity and inclusion with a pledge to double its representation of underrepresented groups, along with new initiatives to strengthen STEM education. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 3m Compensation Plan For Non-employee Directors Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. How Much Board of Directors Members Get Paid and What They Do Board of Directors | Medtronic It operates through the following segments: Safety and Industrial,. endstream endobj startxref So what does he do when hes not in the office? Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. The report recommended that companies start compensating board directors with cash and equity. Equity grants most commonly vest immediately, or cliff-vest after one year. Corporate boards are made up of highly successful executive outsiders. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. 3 0 obj 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. On Fishbowl, you can share insights and advice anonymously with 3M employees and get real answers from people on the inside. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. Anne Chow and Pedro Pizarro elected to 3M Board of Directors Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. 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. Director Compensation - The Conference Board In his spare time, he dedicates himself to being a loving husband and father and growing his family. He can also be found running, antiquing, reading science fiction and spending time with his family. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Abbott Laboratories, Dept 364, Bldg. endstream endobj 103 0 obj <. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ Jeff Lavers is the group president of 3Ms Consumer Business Group. Mike later became general manager of 3M Spain. Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. 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. Zoe has been the architect of 3Ms talent and organization effectiveness strategies, and a passionate advocate for embedding diversity, equity and inclusion across the company. Our household income is $240k and have $400k for down payment after selling all stocks. "2020 Proxy Statement," Page 12. Mark Murphy has more than two decades of experience developing and leading global technology organizations across multiple industries including healthcare, medical device, retail and financial services. Ms. I am starting to look elsewhere but I have great WFH life now. She is also actively involved in charitable organizations, focused on education and on the advancement of women in business, including The Womens Forum of New York, New York University Stern School of Business, Junior Achievement of New Jersey, and is a board member for Smith College Trustees. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. I am extremely thankful for the company and leaders I work for at 3M, Eric says. A. You may also find the annual proxy statement by going directly to the company's website. Hornbaker says attending committee meetings might be another responsibility. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . 3M Director Salaries | Glassdoor oYgd=??/_C|72KFSI. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 0 Eric joined 3M in 1997, and held several leadership positions in the Finance organization, primarily in Health Care and Electronics. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. 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. Ms. Chow has led global organizations through major transformations with decades of strategic and operational experience serving the business marketplace, including roles as president, AT&T National Business and president, and AT&T Integrator Solutions. 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.. Working globally, and having led in United States, West Europe, and Asia Pacific, he has always focused on maximizing value for customers, employees, and shareholders. 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. After submitting your request, you will receive an activation email to the requested email address. In 2016, John moved to West Europe to serve as managing director of 3Ms D-A-CH region, which represents the companys combined operations in Germany, Austria and Switzerland.

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