3m board of directors compensation 3m board of directors compensation

The information shown here is a reporting of information included in the company's proxy statement. 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. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? [Br*L7r/Nv&rrzDGx0V:o,eIY^'(O >vXT cct"o3jvYEfp.w$}0BirMZIHI6M)9z?eOtp'pON{~YN>=mCs:a'heTb\G. The Birmingham Water Works Board (BWWB) is taking multiple chemical companies to federal court in South Carolina, accusing them of contaminating Birmingham's drinking water supply - which was . 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. Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. "Anne has decades of experience in technology and business, and a proven track record of transforming global organizations and community engagement. Zoe is a chartered member of Chartered Institute of Personnel & Development. Engage in conversations about Director pay with other professionals in the community. Make sure your resume states what you will specifically bring to the table as a board member.. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. She earned her degree in manufacturing engineering from Brunel University London, and diploma in personnel management from Thames Valley University. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. 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. She has been married more than 20 years, with two teenage kids. 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. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. 3M (NYSE: MMM) believes science helps create a brighter world for everyone. AP6D. Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. A non-executive director is a member of a company's board of directors who is not part of the executive team. 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. Our household income is $240k and have $400k for down payment after selling all stocks. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. It claims that including the USW proposal would involve "significant time, cost and resource . 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. 4 0 obj "People from all backgrounds and experiences work together and create new and differentiated solutions to solve our customers' and their customers' problems -- across so many industries and geographies.". Leadership is about connecting with and inspiring others to achieve their best, Mark says. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. She also worked at the World Bank in Washington, D.C. from 1993 to 1995. %PDF-1.6 % 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. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. 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. He previously worked at St. Jude Medical for more than 15 years, holding multiple technology roles of increasing responsibility. Mr. Dillon began his retailing career at Dillon Companies, Inc. (later a subsidiary of The Kroger Co.) in 1976 and advanced through various management positions, including its President from 1986-1995. If you experience any issues with this process, please contact us for further assistance. For him, that comes down to business/market analysis and team success. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. Equity grants most commonly vest immediately, or cliff-vest after one year. 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. Director Compensation Practices offers a comprehensive set of benchmarking data and analysis needed to inform the board pay design process. At 3M, we promise to treat your data with respect and will not share your information with any third party. Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. 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. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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. Various senior positions at Ita Unibanco Group , including CEO (January 2017 . The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). Approximately 90% of companies in the sample grant full-value stock awards exclusively (i.e., no stock options). Executive search firms can streamline the process since theyll know about available positions. 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. The median decrease in director compensation was 50% at S&P 500 companies and 40% at Russell 3000 companies. On Fishbowl, you can share insights and advice anonymously with 3M employees and get real answers from people on the inside. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. We also reference original research from other reputable publishers where appropriate. 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. "2020 Proxy Statement," Page 12. <> A corporation is a separate legal entity from its owners. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. 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). 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. He leads a team that, among other things, helps to keep the world connected by improving efficiency in electronic devices and data centers, enables e-mobility, and advances transportation and its safety. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. Opening up lines of communication to a second- or even third-degree connection could lead to an excellent fit for the board position you seek. Prior to joining 3M in 2001, Kevin was a partner at Kirkland & Ellis in Chicago. As a member of Board of Directors at 3M CO , Thomas made $320,487 in total compensation. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. Jeff Lavers is the group president of 3Ms Consumer Business Group. Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. 224-1W-02 Obviously, if there is a crisis or a strategic issuefor example, an acquisitionthe number of hours for a director can dramatically increase, Rogers says. 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. Get a free, personalized salary estimate based on today's job market. 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.. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. 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. He previously led the construction and home improvement business, and the companys corporate marketing and sales organization. Learn how this feature works. 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. Outside directors who hold certain board positions receive an additional annual retainer:$35,000 for the lead independent director; $25,000 for audit committee members and for compensation, nominating, and governance committee members; and $20,000 for strategic planning and finance committee chairs and for technology and eCommerce committee chairs. 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). The Board has delegated certain authority to a number of standing committees, including an Audit Committee, Compensation and Organization Committee and Nominating and Governance Committee. 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. Of this total $47,843 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, $0 was received as options . 3M provides a match up to a certain percent, 3M is a global science company that never stops inventing. I took some time to think about it because the emotions of the time were raw and real, Garfield said. "U.S. company directors compensated more than ever, but now risk backlash.". Ashish has been with the company for more than 26 years. hbbd``b`$fH0@= , VDtbc a`$2012| Learn how we're working to improve lives and make what's next at 3M.com/newsor on Twitter at@3Mor@3MNews. 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. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. After spending almost two years with Aearo integrating it into 3M, Mike became managing director of 3M Brazil in 2009. Deloitte. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. The companys 96,000 employees are united by a common purpose: unlocking the value of people, science, and ideas to re-imagine what is possible. 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. He joined 3M in 1987 as a health care sales representative. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. The report recommended that companies start compensating board directors with cash and equity. 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. That's actually a 5% increase from the year before. Hornbaker suggests giving your resume to search firms youve dealt with in the past and letting them know you're interested in obtaining a board position. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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). She 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. To effectively drive growth, it is important to keep the customer at the center of everything we do. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. In 2018, he was inducted into the Intellectual Property Hall of Fame by the IP Hall of Fame Academy. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. The new 2022 third edition of the survey contains over 1,200 responses, an increase of about 300 participants from the prior full version of the . He began his professional career as a senior research engineer in 3M laboratories in St. Paul. Over the years, he has held various positions of increasing responsibility in corporate research and division labs. Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. c/o Abbott Corporate Secretary. endstream endobj startxref 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. 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. He joined 3M in 1988 as a senior design engineer. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries.