Mr. The estimated base pay is $176,306 per year. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. Prior to her current role, Ms. Kereere served as Fiservs Chief Growth Officer, leading strategy and business development to enhance client value and accelerate growth. 6 yrs at my current company. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. 3M Director Salaries | Glassdoor Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. Edison International is also the parent company of Edison Energy, a portfolio of competitive businesses providing commercial and industrial customers with energy management and procurement services. 3M CO Board Member Muhtar Kent | Salary.com You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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.". 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 Investopedia does not include all offers available in the marketplace. 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. 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. Executive Vice President and Chief Financial Officer of Microsoft Corporation, a global technology company. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. <>/Metadata 125 0 R/ViewerPreferences 126 0 R>> Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. As a CTO, Ashish led the global 3M team of over 8,000 scientists and engineers. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. 3M Investor Relations Department The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. He previously led the construction and home improvement business, and the companys corporate marketing and sales organization. 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. "3M is a globally diverse company in so many dimensions," Ashish says. 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. 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. Formal board meetings where all the directors are present typically occur four to six times per year, depending on the company. With more than 25 years of extensive experience leading the financial operations of industrial and healthcare businesses, Monish Patolawala, 3Ms executive vice president and chief financial and transformation officer, understands what it takes to drive profitable growth in an ever-changing environment. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. 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. 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 . She is deeply involved in the companys operations, as well as the strategy development and overall execution of the companys successful acquisitions of LinkedIn and GitHub. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. Boards aren't entirely made up of retirees and people nearing the end of their careers. 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. How Much Board of Directors Members Get Paid and What They Do 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. For its 2021 fiscal year, 3M CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. Our household income is $240k and have $400k for down payment after selling all stocks. Board of Directors | Corporate Governance | Dow Investor Relations <> 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. Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. He joined 3M in 1988 as a senior design engineer. 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. 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. Mr. Brown served in various leadership capacities in global purchasing since joining Ford in 1999. Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. 224-1W-02 "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. 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 CEO, annually reviews and approves the compensation for the other senior executives, Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. 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. PDF The Board of Directors (the "Board") of 3M Company ("3M" or the 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. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. Anne Chow and Pedro Pizarro elected to 3M Board of Directors The estimated additional pay is $170,007 per year. Tel: (651) 737-6523 Anne Chow's career in the technology and business sectors spans over three decades. Birmingham Water Works Board files lawsuit against chemical Thorough reviews have been conducted to assure this data accurately reflects disclosures. That's actually a 5% increase from the year before. 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. His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. 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 . Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. Leadership is about connecting with and inspiring others to achieve their best, Mark says. 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. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. 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. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. 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. She has been married more than 20 years, with two teenage kids. 2020 Director Compensation Report - The Harvard Law School Forum on You must click the activation link in order to complete your subscription. Kevin is a champion for diversity and inclusion in the legal profession, growing talent and serving communities. Retired Chairman of the Board and Chief Executive Officer, The Kroger Co. Average compensation in 2018 at those firms was $304,856, according to Reuters. USW Proposal Spotlights Excessive 3M CEO Compensation Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. In his free time, Kevin enjoys travel, outdoor activities including fishing, hiking and gardening, and spending time with his family. You can sign up for additional alert options at any time. 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.

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