Under his leadership, the company has committed to providing much-needed innovation and resources to address key sustainability challenges such as plastic waste and climate change. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. 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. Outside of work, Monish enjoys reading, music, watching cricket, playing tennis or badminton and spending time with his family. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. After submitting your request, you will receive an activation email to the requested email address. Lead directors are also almost always provided with additional compensation, ranging from approximately $20,000 to $35,000 at the median across all size and sector groups. 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.
Director Compensation - The Conference Board He leads a global Legal Affairs team that helps guide business opportunities, address enterprise risks, protect intellectual property, shape the development of law and policy, and strengthen compliance and security. Additional pay could include bonus, stock, commission, profit sharing or tips. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. He joined 3M in 1987 as a health care sales representative.
Anne Chow and Pedro Pizarro elected to 3M Board of Directors Mr. Pizarro served as president of SCE from 2014 to 2016. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mike joined the company in 1992, shortly after earning a Ph.D. in chemistry from M.I.T. His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. 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 Thomas | Salary.com 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. Make sure your resume states what you will specifically bring to the table as a board member.. As executive vice president and chief human resources officer, Zoe Dickson leads 3Ms transformative agenda for people and culture. 3M leverages its 51 technology platforms to create differentiated solutions for customers through four business groups: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. 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 . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. Can we afford $1.3M home? This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
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Rogers Corporation Board of Directors She earned a B.A. 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 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. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. endobj
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PDF 3M Company Board of Directors Compensation and Talent Committee Charter 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.
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. 1 0 obj
In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. In 2016, John moved to West Europe to serve as managing director of 3M's D-A-CH region, which represents the company's combined operations in . Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . <>
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. 3Ms purpose drives its performance, and the company is advancing four strategic priorities to support long-term value creation: Portfolio Management, Transforming the 3M Operating Model, Growth through Innovation, and People and Culture. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. She also worked at the World Bank in Washington, D.C. from 1993 to 1995. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. %PDF-1.7
3M Definitive Proxy Statement Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. Incorporation is the legal process by which a business entity is formed. You will compete for board positions with people who have been extremely successful at a young age. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. 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. investorrelations@3M.com.
Private Company Board Compensation and Governance She also has a long track record of community leadership involvement in strategic board and advisory work focused on driving success at the intersection of people, culture, and technology. endobj
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 . "We are very pleased to further strengthen 3M's board with two highly accomplished, world-class leaders," said 3M chairman and CEO Mike Roman. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. 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 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. I have been an Office Manager 21 yrs. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? 3M has added Suzan Kereere to its board of directors. Hood joined Microsoft in 2002, and through her tenure with the company has advanced momentum in cloud and helped digitally transform the company. You can sign up for additional alert options at any time. You must click the activation link in order to complete your subscription. Bldg. 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. He serves on the board of Abbott Laboratories and on the University of Minnesota Foundation Board of Trustees. He also served as a trustee on the board for University of St. Thomas and as a board member of the 3M Foundation in the past with particular focus on STEM (science, technology, engineering and math) education.. Mr. Kent is a member of the board and past Co-Chair of The Consumer Goods Forum and past Chairman of the International Business Council of the World Economic Forum. "2020 Proxy Statement," Page 12. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. 224-1W-02
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. These include white papers, government data, original reporting, and interviews with industry experts.
3m Compensation Plan For Non-employee Directors