From May 2005 through January 2006, he was President and Chief Operating Officer of The Coca-Cola Companys North Asia, Eurasia and Middle East Group. This report is not for commercial use. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. 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. Kevin is a registered patent attorney and has served as President of the Intellectual Property Owners Association and the Association of Corporate Patent Counsel, as well as Chair of the Steering Committee of the Coalition for 21st Century Patent Reform. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. St. Paul, MN 55144-1000 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 2018, he was inducted into the Intellectual Property Hall of Fame by the IP Hall of Fame Academy. 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. Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. 3M Expands Board of Directors February 14, 2022. Three years later, he was tapped to lead 3Ms corporate research lab. As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. 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 % As executive vice president and chief human resources officer, Zoe Dickson leads 3Ms transformative agenda for people and culture. 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. Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. The brands listed above are trademarks of 3M. The Company assumes no obligation to update or revise any forward-looking statements. For the past eight years, Ms. For him, that comes down to business/market analysis and team success. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. 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. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. You will compete for board positions with people who have been extremely successful at a young age. [Br*L7r/Nv&rrzDGx0V:o,eIY^'(O >vXT cct"o3jvYEfp.w$}0BirMZIHI6M)9z?eOtp'pON{~YN>=mCs:a'heTb\G. Ms. Chow 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. Description 3M Co. 3M Co. is a technology company, which manufactures industrial, safety, and consumer products. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? Formal board meetings where all the directors are present typically occur four to six times per year, depending on the company. Companies in all size segments continue to provide more than half of total pay in equity, on average, with equity weighting generally increasing with company size. 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. Monish is a certified chartered accountant and a certified cost accountant from the Institute of Cost and Works Accountants of India. 3M is advancing diversity, equity and inclusion with a pledge to double its representation of underrepresented groups, along with new initiatives to strengthen STEM education. 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. 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 the compensation for the CEO and other senior executives, . Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Director is $129,368 per year in United States, The Ultimate Job Interview Preparation Guide. 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. Another example would be compensation meetings to discuss compensation plans and awards.. Mike serves as a member of the board of directors of The Toro Company and is a former trustee of the Science Museum of Minnesota. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. Its about creating an environment that unlocks the full potential of teams and individuals and, as a result, achieves even higher performance and more engaged employees.. He previously led the companys litigation function, and served for more than ten years as chief intellectual property counsel, with responsibility for managing the global intellectual property assets of 3M and its worldwide affiliates. She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. Ferguson & Co, a former KPMG affiliate. 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 . Bldg. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. 0 In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. If youre interested in pursuing a board seat, heres what you need to know about what boards are looking for, how to get noticed, and what to expect as compensation. The Board of Directors (the "Board") of 3M Company ("3M" or the "Company") has adopted these guidelines, which in conjunction with the Certificate of Incorporation, Bylaws, and Board . Learn how we're working to improve lives and make what's next at 3M.com/newsor on Twitter at@3Mor@3MNews. Throughout his career Jeff has held leadership roles spanning all four of 3Ms business groups, including positions in the companys health care and industrial businesses, and most recently as leader of the automotive and aerospace business. Abbott Laboratories, Dept 364, Bldg. Mr. Pizarro served as president of SCE from 2014 to 2016. 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. You must click the activation link in order to complete your subscription. ", Boston Globe. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. "Definitive Proxy Statement, Apple 2021. 3M has increased its dividend for 64 straight years. How can I negotiate if they say the offer is off, Planning to bid on a house - 1.3M, with a base salary of 210K - in Seattle.. Worth it? Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. 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. Effective April 1, 2019, Ashish was appointed to lead the newly created 3Ms Transportation and Electronics Business Group, with total revenues of approximately $10B. He can also be found running, antiquing, reading science fiction and spending time with his family. St. Paul, MN 55144-1000 What Is the Salary of the Federal Reserve Chair? He began his professional career as a senior research engineer in 3M laboratories in St. Paul. It claims that including the USW proposal would involve "significant time, cost and resource . Hornbaker says attending committee meetings might be another responsibility. Dr. Moyo was Chief Executive of Officer of Mildstorm LLC, a financial and economics firm, from 2015 to 2021. He serves on the board of Abbott Laboratories and on the University of Minnesota Foundation Board of Trustees. Outside of work, Peter enjoys hiking, reading, and supporting the Glasgow Celtic soccer club and serves on the boards of CP Kelco and the Jesuit School of Theology of Santa Clara University. This is an opportunity for us to shape what were going to be for the next 100 years., We need to act with purpose: One 3Mer's passion is shaping 3M's approach to addressing equity in STEM, Averages based on self-reported salaries. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. This post is based on their FW Cook memorandum. In early 2014, Ashish began leading one of 3Ms biggest businesses the Personal Safety Division and later that same year he was named the chief technology officer (CTO) and senior vice president of research and development of 3M. The information shown here is a reporting of information included in the company's proxy statement. Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. hbbd``b`$fH0@= , VDtbc a`$2012| Lead, Columbia University's SIPA Tech & Policy Initiative; . Tel: (651) 737-6523 Tel: (651) 737-6523 Make sure your resume states what you will specifically bring to the table as a board member.. Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. Sleep, Mike jokes, though he will say more seriously that he tries to focus his energies where they will do the most good. 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. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. You must click the activation link in order to complete your subscription. For its 2021 fiscal year, 3M CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Prior to 3M, Monish spent 26 years at GE where he held a variety of roles of increasing responsibility across GEs businesses. Personal health and fitness are his passion. By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. 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. Ms. Chow has led global organizations through major transformations with decades of strategic and operational experience serving the business marketplace, including roles as president, AT&T National Business and president, and AT&T Integrator Solutions. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. Retired Chairman of the Board and Chief Executive Officer, The Kroger Co. Aptiv PLC (Compensation and Human Resources, and Nominating and Governance committees) Additional Positions. Can we afford $1.3M home? Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. 3M Investor Relations Department In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. The estimated base pay is $176,306 per year. Prior to joining 3M in 2001, Kevin was a partner at Kirkland & Ellis in Chicago. 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. 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. U.S. Securities and Exchange Commission. Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. I am starting to look elsewhere but I have great WFH life now. I have been trying to get a review ever since and no one will say what is going on. 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 After spending almost two years with Aearo integrating it into 3M, Mike became managing director of 3M Brazil in 2009. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. In his spare time, he dedicates himself to being a loving husband and father and growing his family. 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. 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, Ashish has a strong technical background and has authored 10 patents. hb```e``3,00```T~s@@(` Ashish has been with the company for more than 26 years. For nine straight years, 3M has been recognized by Ethisphere as one of the Worlds Most Ethical Companies. He previously had led 3Ms Digital Transformation, one of the companys three value creation levers. These include white papers, government data, original reporting, and interviews with industry experts. 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. If you experience any issues with this process, please contact us for further assistance. From 1991 to 1997 he served as Executive Director, Purchasing and Transportation at QMS Inc. From 1976 to 1991 he served in various managerial roles at Digital Equipment Corporation. Rogers adds, Board members are the representatives of the shareholders, and it is their fiduciary duty to oversee the affairs of the corporation, including overall performance and fiscal strength, and to serve as a consultant for managementparticularly with respect to the strategic and operational directives of the company.. Exelon Corporation. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. 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. Know Your Worth. It regularly meets in executive session, without the presence of Rogers' management. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. If you experience any issues with this process, please contact us for further assistance. Zoe is a chartered member of Chartered Institute of Personnel & Development. Kereere has over 20 years of experience in leading global . Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. 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. During his assignment as the laboratory head in India, Ashish was responsible for establishing its first product development laboratory and capabilities. 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. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Walmart. 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. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. 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. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. 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). I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. Anne Chow's career in the technology and business sectors spans over three decades. Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. 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 . 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. "2020 Proxy Statement," Page 12. 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. During his leadership, this business was transformed through a thorough portfolio prioritization and diversification in fast growth segments, becoming a strong contributor to the company results. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. Higher-paying sectors tend to place a greater weighting on equity; Energy and Technology companies have the most equity-heavy mix while Financial Services organizations have the least. 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%). She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. Ms. endobj Mr. Pizarro is a member of Edison International's Board of Directors. Mr. Fitterling is also a passionate advocate for inclusion and diversity with a focus on diversifying Dows global talent, enhancing innovation and the customer experience, and strengthening relationships in the communities the company serves. You'll want to pursue networking both online and offline. Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. He retired from Ford on August 1, 2013. 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. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. You may communicate with the board of directors by writing a letter to the chairman of the board, to the chairman of the nominations and governance committee, who acts as the lead director at the meetings of the independent directors, or to the independent directors. Mr. Roman also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc. Executive Vice President and Chief Financial Officer, Microsoft Corporation, Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. After submitting your request, you will receive an activation email to the requested email address. 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. . 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. Director compensation structure remains consistent with prior years, with an average mix of 57% equity and 43% cash across the entire sample. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. 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. 3M (NYSE: MMM) announced today that Anne H. Chow, retired chief executive officer of ATT 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. Tel: (651) 737-6523 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. A leadership position had been created to advance more of the companys equity initiatives and they wanted to know if he would like to be considered. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. So what does he do when hes not in the office? As a CTO, Ashish led the global 3M team of over 8,000 scientists and engineers. Hood joined Microsoft in 2002, and through her tenure with the company has advanced momentum in cloud and helped digitally transform the company. Mr. Pizarro is a vice chairman of the Edison Electric Institute, a director of the Electric Power Research Institute, a member of the Electricity Subsector Coordinating Council, and a Trustee of the California Institute of Technology. Mr. Mr. Dillon is on the board of the following public company in addition to 3M: Union Pacific Corporation. St. Paul, MN 55144-1000 In this role, he leverages his many years of experience as both a technology and business leader. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. Apples non-employee directors each receive approximately $250,000 worth of restricted stock units per year, which are granted at the annual shareholder meeting and vest on Feb. 1 of the following year. 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. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. 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. Head of Global Business Solutions, Fiserv, Inc. It goes a lot higher from there. Inspired, passionate leaders have the power to transform, Jeff says. As a member of Board of Directors at 3M CO , Vance D. Coffman made $107,459 in total compensation. Leadership is about serving more than yourself, he says. 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. Fixed retainers remain more prevalent than meeting fees as the means to deliver additional compensation. <> He holds a bachelors degree in Physics from University of Edinburgh and a masters degree in Business Administration from Strathclyde Business School in Glasgow, Scotland. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). He was appointed to the Board of Directors in October 2009, and became Chief Executive Officer of Textron in December 2009 and Chairman of the . Mr. In 2017 she was named global business director for 3Ms home improvement business, until 2020 when she became senior vice president for customer operations. To address this data deficiency, Compensation Advisory Partners (CAP) and Family Business and Private Company Director magazines conducts our Private Company Board Compensation and Governance Survey. Sales Compensation Trends Revealed in New Survey. Could you fill that gap? One of our four strategic priorities at 3M is People & Culture because we know we will drive growth in our business and change in our communities by developing talent in an inclusive environment, Zoe says.
Magalenha Significado,
Obituaries For Winter Garden Florida,
Virginia Mason Lindeman Pavilion Address,
Ang Pamana Lamberto Gabriel,
Articles OTHER