3m board of directors compensation

He joined 3M in 1987 as a health care sales representative. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. 3M (NYSE: MMM) believes science helps create a brighter world for everyone. A. Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. He previously worked at St. Jude Medical for more than 15 years, holding multiple technology roles of increasing responsibility. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. As executive vice president and chief human resources officer, Zoe Dickson leads 3Ms transformative agenda for people and culture. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. 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. Mike and his family enjoy a variety of physical fitness and outdoor activities. Lodestone Global. 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. Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. 224-1W-02 The report is complemented by an online dashboard, which enables users to delve into the most recent corporate disclosures by Russell 3000 companies and review individual elements of compensation packages, supplemental compensations for committee service . 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. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. 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. 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. After submitting your request, you will receive an activation email to the requested email address. Its members include current board members, aspiring board members, and corporations looking to hire board members. That's a 43% increase over 10 years. Monish joined 3M as senior vice president and chief financial officer in July 2020 and was drawn to the company for its history of innovation, ethics and global reach. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. This would be in addition to the peer group benchmarks (what other CEOs make) that the company uses to determine CEO compensation. 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. 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). Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. "Few Hours, Soaring Pay for Corporate Board Members.". Tel: (651) 737-6523 It goes a lot higher from there. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. In 2008, he became Ford's Group Vice President, Global Purchasing, with responsibility for approximately $90 billion of production and non-production procurement for Ford operations worldwide. 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. Kevin and his wife Melinda have three adult children. 3Ms culture brings together passionate people with purpose and strategy to solve some of the worlds toughest challenges.. Mr. Brown served in various leadership capacities in global purchasing since joining Ford in 1999. 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. "People achieve great things when they are embraced and valued; when they are connected, not isolated; and when their intelligence and imagination are unleashed". This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. 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. Make sure your resume states what you will specifically bring to the table as a board member.. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. 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. 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. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). 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. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. The following chart summarizes total non-employee director pay levels and market capitalizations of the 300 companies in our study (100 companies in each size grouping): The complete publication is available here. Obviously, if there is a crisis or a strategic issuefor example, an acquisitionthe number of hours for a director can dramatically increase, Rogers says. Purpose: The Compensation Committee (the "Committee") of the Board of Directors of 3M Company reviews the Company's compensation practices and policies, annually reviews and 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. What Is the Salary of the Federal Reserve Chair? Mr. Dillon is on the board of the following public company in addition to 3M: Union Pacific Corporation. You can sign up for additional alert options at any time. 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. Shareholders can communicate with the Chairman of the Corporate Governance Committee or with the independent directors as a group by writing to them c/o: Gayle Littleton, Executive Vice President, General Counsel. Of this total $135,000 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 . I feel blessed and give everything I have to leave 3M in a better place, every day.. Mr. Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. It operates through the following segments: Safety and Industrial,. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Over the years, he has held various positions of increasing responsibility in corporate research and division labs. 3M is not only a world leader in innovation but was built on a foundation of strong ethics, customer centricity, a global mindset and a deep and diverse team, says Monish. I have been an Office Manager 21 yrs. 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). All proxy statements are public filings made available to the general public by the SEC. As a member of Board of Directors at 3M CO , Thomas made $320,487 in total compensation. President and CEO, Edison International, the parent company of Southern California Edison (SCE), one of the nations largest electric utilities, since 2016. In his free time, Kevin enjoys travel, outdoor activities including fishing, hiking and gardening, and spending time with his family. 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. Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. Prior to joining 3M in 2001, Kevin was a partner at Kirkland & Ellis in Chicago. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He retired as Chairman of the Board and Chief Executive Officer at the end of 2007 but remained as a director of UPS until December 31, 2014. 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. 3M shareholders today elected 11 directors for one-year terms that expire at the company's 2021 Annual Meeting: Thomas "Tony" K. Brown, retired group vice president, Global Purchasing, Ford Motor Company Pamela J. Craig, retired chief financial officer, Accenture plc David B. Dillon, retired chairman of the board and CEO, The Kroger Co. Its that excitement, mixed with his incredible passion and leadership, that has led to some of 3Ms biggest equitable actions in the past year. Mr. Eskew was appointed Executive Vice President in 1999 and Vice Chairman in 2000 before becoming Chairman of the Board and Chief Executive Officer of UPS in January 2002. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. investorrelations@3M.com. Aptiv PLC (Compensation and Human Resources, and Nominating and Governance committees) Additional Positions. Zoe is a chartered member of Chartered Institute of Personnel & Development. Non-executive board chairs are almost always provided additional compensation for the role, with the median ranging from $72,500 at small-cap companies to $175,000 at large-cap companies. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). Mike later became general manager of 3M Spain. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. Mike became chairman of the board in May 2019 and chief executive officer in July 2018. 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. investorrelations@3M.com. Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. Executive search firms can streamline the process since theyll know about available positions. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 10 S. Dearborn St., 54th Floor. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. CleanLink News. For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. The estimated additional pay is $170,007 per year. To effectively drive growth, it is important to keep the customer at the center of everything we do. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. Purpose: The Compensation Committee (the "Committee") of the Board of Directors of 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 information on this website, including any documents posted herein, contains a significant amount of information about 3M. ST. PAUL, Minn., Feb. 9, 2022 /PRNewswire/ -- 3M (NYSE: MMM) announced today that Suzan Kereere, Head of Global Business Solutions at Fiserv, Inc., has been elected to 3M's Board of Directors, effective February 10, 2022.In connection with Ms. Kereere's election, the Board of Directors increased its size from 12 to 13 members. Eric Hammes is 3Ms executive vice president, chief country governance and services officer. Hood joined Microsoft in 2002, and through her tenure with the company has advanced momentum in cloud and helped digitally transform the company. AP6D. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Walmart. This report is not for commercial use. 3M Company Board of Directors Compensation Committee Charter (As Affirmed February 5, 2019) A. For the past eight years, Ms. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. 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. A corporation is a separate legal entity from its owners. It claims that including the USW proposal would involve "significant time, cost and resource . Sleep, Mike jokes, though he will say more seriously that he tries to focus his energies where they will do the most good. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. Can we afford $1.3M home? Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. Small-cap companies tend to have the highest cash weighting (average of 47%) and large-cap companies tend to have the lowest (average of 37%). Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. Dr. Moyo was Chief Executive of Officer of Mildstorm LLC, a financial and economics firm, from 2015 to 2021. A non-executive director is a member of a company's board of directors who is not part of the executive team. That year's top payer was Goldman Sachs Group Inc., which paid its directors an average of $599,279. They also recommended doing away with pension and . You can sign up for additional alert options at any time. 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.

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