The estimated total pay for a Director at 3M is $346,118 per year. Lead directors are also almost always provided with additional compensation, ranging from approximately $20,000 to $35,000 at the median across all size and sector groups. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Your strategy to get noticed and be considered for board membership should be similar to the strategy it takes to secure any high-level position. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. Lead, Columbia University's SIPA Tech & Policy Initiative; . 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Learn how this feature works. VUL^07d=xy2 *'..j(( Hs00 Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. In 1996, the National Association of Corporate Directors (NACD) issued the Blue Ribbon Commission Report on Director Professionalism, which had a great influence on board member compensation practices. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. Most companies continue to use fixed-value equity award guidelines, with full-value stock awards remaining the most common form of equity compensation and providing the most consistent means to align director pay with shareholder interests. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. In his spare time, he dedicates himself to being a loving husband and father and growing his family. Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. 224-1W-02 St. Paul, MN 55144-1000 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 proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. investorrelations@3M.com. I am starting to look elsewhere but I have great WFH life now. In addition to his role at 3M, he is on the Presidents Council of Advisors on Science and Technology (PCAST), the Board of Trustees at the Science Museum of Minnesota and is an emeritus trustee for Hamline University. Abbott Laboratories, Dept 364, Bldg. Bldg. Private Company Board Compensation and Governance Prior to 3M, she served as a business leader and consultant for various companies in Mexico and Europe. Rogers Corporation Board of Directors 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 . By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. I was offered a promotion & salary increase (66k to 96k) in Dec but then in Jan the company fired my country VP who made the offer. We continue to observe an increasing number of women on Boards: 94% of companies in the study have at least one woman on the Board (90% last year), 59% of large-cap companies have three or more women on the Board (50% last year) and 25% of both mid-cap and small-cap companies have three or more female members (22% and 13% last year, respectively). For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Eric joined 3M in 1997, and held several leadership positions in the Finance organization, primarily in Health Care and Electronics. 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. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. He oversaw annual R&D investments of nearly $2 billion, while building 3Ms digital capabilities and bringing the companys technology expertise even closer to customers around the world. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. You can sign up for additional alert options at any time. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. 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 executive officer of Edison International, have been elected to 3M's Board of Directors, effective Feb. 9, 2023. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. 3M United States Investor Relations Governance Board of Directors Investor Relations IR Home About 3M Stock Information Financials Events & Presentations News Governance Resources Board of Directors Thomas K. Brown Retired Group Vice President, Global Purchasing, Ford Motor Company Anne H. Chow Retired Chief Executive Officer, AT&T Business 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. Tel: (651) 737-6523 3M - Governance - Board of Directors Explore our Directors and their backgrounds. The average salary for a Director is $129,368 per year in United States, which is 62% lower than the average 3M salary of $346,118 per year for this job. Learn how we're working to improve lives and make what's next at 3M.com/newsor on Twitter at@3Mor@3MNews. 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). 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. 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. In this role, he leverages his many years of experience as both a technology and business leader. Creating an atmosphere that allows people to perform at their best, collaborate broadly and enrich their own perspective makes for powerful outcomes.. USW Proposal Spotlights Excessive 3M CEO Compensation 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. investorrelations@3M.com. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. Could you fill that gap? Prior to GE, Monish gained experience at A.F. News & Views 2/17/2022 3M Adds To Board Of Directors. Page served as Executive Director of Cargill from 2015 to 2016, Executive Chairman from 2013 to 2015, Chief Executive Officer from 2007 to 2013, and President from 2000 to 2007. Jeff Lavers is the group president of 3Ms Consumer Business Group. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Only outside directors get compensation specifically for serving on the board. "2020 Proxy Statement," Page 12. St. Paul, MN 55144-1000 x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Posted by Michael Ferrante and Connor Damon, FW Cook, on, Harvard Law School Forum on Corporate Governance, Prevalence of annual limits on director compensation remains high, with equity-only limits continuing to be the most common approach, though use of total compensation limits. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. President and CEO, Edison International, the parent company of Southern California Edison (SCE), one of the nations largest electric utilities, since 2016. 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. 1 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. SAI KRISHNA.docx - IBM Board of Directors (PAGE 10) The information on this website, including any documents posted herein, contains a significant amount of information about 3M. Non-employee directors also receive an annual cash retainer of $100,000. If you experience any issues with this process, please contact us for further assistance. 6 yrs at my current company. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. 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. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. 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. Tel: (651) 737-6523 (2005-2013) (alternate member of the Board of Directors, (1999 to 2005)) Previous experience. 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. in Economics from Instituto Tecnolgico Autnomo de Mexico, a Masters in Economics for Development from Oxford University in the United Kingdom, and an MBA from Universit Libre de Bruxelles in Belgium. "U.S. company directors compensated more than ever, but now risk backlash.". Home to some of 3Ms most iconic brands, this business serves global consumers and consists of construction and home improvement, stationery and office supplies, home care, and consumer health care. So what does he do when hes not in the office? Kereere currently serves as head of global business solutions for Fiserv Inc. She has more than 20 years of international business leadership experience, previously working in executive leadership positions with such companies as Visa and American Express before joining Fiserv. A corporation is a separate legal entity from its owners. Walmart. She joined 3M in 2008 as a marketing and public affairs manager for 3M Mexico, and has held roles of increasing responsibility in the United States, Asia and Latin America. In January 2020, Environmental Responsibility was added to his role, including the Environment, Health and Safety organization. Anne Chow and Pedro Pizarro elected to 3M Board of Directors, Caution Concerning Forward-Looking Statements, https://www.prnewswire.com/news-releases/anne-chow-and-pedro-pizarro-elected-to-3m-board-of-directors-301741429.html, SDS, RDS, More Regulatory & Compliance Information. 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.
3m board of directors compensation
