3m board of directors compensation

Aside from the financial compensation, your reward will be having substantial input into major decisions made by the company, such as executive hires, policies on dividends and stock options, and executive payall while representing the best interests of management and shareholders. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. This compensation may impact how and where listings appear. Walmart's current board members include Cesar Conde, 47, chair of NBCUniversal, and Marissa Mayer, 46, who is well-known for the high positions she achieved at Google and Yahoo. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. 3M Company Board of Directors Compensation Committee Charter (As Affirmed February 5, 2019) A. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . 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. Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. Private Company Board Compensation and Governance 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. These descriptions are fairly generic. They also recommended doing away with pension and . From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. 3M leverages its 51 technology platforms to create differentiated solutions for customers through four business groups: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. Mike became chairman of the board in May 2019 and chief executive officer in July 2018. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. VUL^07d=xy2 *'..j(( Hs00 He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. Effective April 1, 2019, Ashish was appointed to lead the newly created 3Ms Transportation and Electronics Business Group, with total revenues of approximately $10B. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. If you experience any issues with this process, please contact us for further assistance. stream In his free time, he enjoys spending time with his wife and three kids, as well as a variety of outdoor activities including hiking, biking and fishing. 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. Ashish serves as a member of the board of directors of Constellation and on the Deans advisory board for the College of Science and Engineering at the University of Minnesota. In 2017 she was named global business director for 3Ms home improvement business, until 2020 when she became senior vice president for customer operations. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. 3M - Governance - Board of Directors That's actually a 5% increase from the year before . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. @,s30_j0 \ I feel blessed and give everything I have to leave 3M in a better place, every day.. Abbott Laboratories, Dept 364, Bldg. 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. 0 Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. 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. Ms. Craig served as Accenture's CFO from 2006 through 2013, following her many other leadership roles in line management, consulting and operations at Accenture during her 34 years with the company. endstream endobj startxref The charts on this page feature a breakdown of the total annual pay for the top executives at 3M CO as reported in their proxy statements. 3M (NYSE: MMM) believes science helps create a brighter world for everyone. "Anne has decades of experience in technology and business, and a proven track record of transforming global organizations and community engagement. In his current position, John remains focused on driving change, challenging the status quo and helping develop the 3M leaders of tomorrow. Jeff Lavers is the group president of 3Ms Consumer Business Group. 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. 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. 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. After submitting your request, you will receive an activation email to the requested email address. 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. 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. In early 2014, Ashish began leading one of 3Ms biggest businesses the Personal Safety Division and later that same year he was named the chief technology officer (CTO) and senior vice president of research and development of 3M. Mr. Anderson served without compensation as the President and Chief Executive Officer of Amtrak, an intercity passenger rail service provider, from July 2017 until his retirement on April 15, 2020. . Finally, make sure you are networking and letting people know what boards you are suitable for, while also leveraging contacts you might have with the companies that you might be interested in, Hornbaker says. 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. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. What Is the Salary of the Federal Reserve Chair? 3M has added Suzan Kereere to its board of directors. Lodestone Global. My new VP is in the company less than 6m and in the position 3m. The brands listed above are trademarks of 3M. Bldg. Due to the COVID-19 pandemic, 15% of S&P 500 companies and roughly 13% of Russell 3000 companies reported taking pay actions through the third quarter of 2020, which generally consisted of cash retainer reductions. You'll want to pursue networking both online and offline. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). U.S. Securities and Exchange Commission. He previously worked at St. Jude Medical for more than 15 years, holding multiple technology roles of increasing responsibility. 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. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Leonteq publishes agenda and proposal of the Board of Directors for the This is a defining time for all companies and 3M is no different in that respect, Scott said. Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. 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. 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. 4 0 obj Its that excitement, mixed with his incredible passion and leadership, that has led to some of 3Ms biggest equitable actions in the past year. Definition, What's In It, and Voting, Non-Executive Director Role and Responsibilities Defined, Fiduciary Definition: Examples and Why They Are Important, Private Company Board Compensation Survey. As a board member, your responsibilities would typically include preparing for and attending board meetings, and reviewing company filings and materials, she says, as well as advising management on a wide range of matters, including succession, strategy, compensation, and acquisitions. Anne Chow's career in the technology and business sectors spans over three decades. The company is strengthening environmental stewardship with a $1 billion commitment to achieve carbon neutrality, reduce water use, improve water quality and reduce its use of plastics. 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. Prior to GE, Monish gained experience at A.F. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. Hornbaker says pay depends on the complexity of the company, whether it's public or private, the number of meetings it entails, and the amount of responsibility involved. As executive vice president and chief human resources officer, Zoe Dickson leads 3Ms transformative agenda for people and culture. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. They will provide invaluable insight and perspective to our board as we continue to position 3M for the future.". 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. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. 03.03.2023 - Leonteq AG / Key word(s): AGMEGM Press release: Leonteq publishes agenda and proposal of the Board of Directors for the Annual General Meeting 2023 03.03.2023 / 07:00 CET/CEST PRESS . 3M has increased its dividend for 64 straight years. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. 1 0 obj Investopedia does not include all offers available in the marketplace. 3M - Department of Defense Data Reveals No Hearing - investors.3m.com A corporation is a separate legal entity from its owners. Download required. Ashish has a strong technical background and has authored 10 patents. Leadership is about serving more than yourself, he says. Mike later became general manager of 3M Spain. 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. "I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You can sign up for additional alert options at any time. Anne Chow and Pedro Pizarro elected to 3M Board of Directors He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 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. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Country Governance and Services comprises Global Country Leadership, the Workplace Group, Global Service Centers, and 3Ms Emerging Markets.

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