investorrelations@3M.com. We believe that good corporate governance serves the long-term interests of stockholders, strengthens the Board and management, and further enhances the public trust 3M has earned from more than a century of operating with uncompromising integrity and doing business the right way. About3M His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. Another example would be compensation meetings to discuss compensation plans and awards.. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. 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. For its 2021 fiscal year, 3M CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Page served as Executive Director of Cargill from 2015 to 2016, Executive Chairman from 2013 to 2015, Chief Executive Officer from 2007 to 2013, and President from 2000 to 2007. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. Head of Global Business Solutions, Fiserv, Inc. In his free time, Kevin enjoys travel, outdoor activities including fishing, hiking and gardening, and spending time with his family. The information shown here is a reporting of information included in the company's proxy statement. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. Learn how we're working to improve lives and make what's next at 3M.com/newsor on Twitter at@3Mor@3MNews. Mr. Eric Hammes is 3Ms executive vice president, chief country governance and services officer. If you experience any issues with this process, please contact us for further assistance. Retired Chairman of the Board and Chief Executive Officer, Cargill, Chairman of the Board and Chief Executive Officer, Caution Concerning Forward-Looking Statements, SDS, RDS, More Regulatory & Compliance Information. 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. Only outside directors get compensation specifically for serving on the board. In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. 3M has added Suzan Kereere to its board of directors. Can we afford $1.3M home? He enjoys pushing himself mentally and physically in a broad range of athletics. You must click the activation link in order to complete your subscription. Leaders serve by creating an inclusive environment which values diverse perspectives, teamwork and innovation. 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. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. He previously had led 3Ms Digital Transformation, one of the companys three value creation levers. investorrelations@3M.com. Walmart. The brands listed above are trademarks of 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. 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 He served in that role until 2012, when he became global business director for 3Ms Industrial Adhesives and Tapes Division. 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. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. endobj Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. At 3M, we promise to treat your data with respect and will not share your information with any third party. 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. These descriptions are fairly generic. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. <> 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 . Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. 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. She earned her degree in manufacturing engineering from Brunel University London, and diploma in personnel management from Thames Valley University. For him, that comes down to business/market analysis and team success. The report recommended that companies start compensating board directors with cash and equity. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com The offers that appear in this table are from partnerships from which Investopedia receives compensation. He serves on the board of Abbott Laboratories and on the University of Minnesota Foundation Board of Trustees. You must click the activation link in order to complete your subscription. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Retired Chairman and Chief Executive Officer of Cargill. I am extremely thankful for the company and leaders I work for at 3M, Eric says. 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. 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. Retired Group Vice President, Global Purchasing, Ford Motor Company, a global automotive industry leader. 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. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. 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. Inspired, passionate leaders have the power to transform, Jeff says. 3M Investor Relations Department "Private Company Board Compensation Survey. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. endstream endobj startxref Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. For example, audit committees have regular meetings before public filings, she says. As a member of Board of Directors at 3M CO , Thomas made $320,487 in total compensation. CleanLink News. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. 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. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. Ms. Chow is on the board of the following public company in addition to 3M: FranklinCovey. 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). She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. You may also find the annual proxy statement by going directly to the company's website. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 224-1W-02 Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. Mr. Pizarro is a member of Edison International's Board of Directors. Throughout her life and career, Karina has lived and worked around the world. Prior to 3M, Mark served as Chief Information Officer for Abbott Laboratories where he had global responsibilities for Abbotts technology landscape. 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 . Outside of work, Monish enjoys reading, music, watching cricket, playing tennis or badminton and spending time with his family. The Board is mainly comprised of outside, independent directors. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. Various senior positions at Ita Unibanco Group , including CEO (January 2017 . What Is the Salary of the Federal Reserve Chair? 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 most recently was Senior Vice President and Deputy General Counsel, advising senior management and the Board of Directors on legal issues. Explore our Directors and their backgrounds. 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. 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. I have been trying to get a review ever since and no one will say what is going on. The Company assumes no obligation to update or revise any forward-looking statements. Get a free, personalized salary estimate based on today's job market. 118 0 obj <>/Filter/FlateDecode/ID[<7EC0A6CD8E76974B8000B812351B4C61><50CA0BECC4E50243A657300F9E70214C>]/Index[102 22]/Info 101 0 R/Length 82/Prev 76119/Root 103 0 R/Size 124/Type/XRef/W[1 2 1]>>stream [Br*L7r/Nv&rrzDGx0V:o,eIY^'(O >vXT cct"o3jvYEfp.w$}0BirMZIHI6M)9z?eOtp'pON{~YN>=mCs:a'heTb\G. Chairman of the Board and Chief Executive Officer of 3M Company. in Economics from Instituto Tecnolgico Autnomo de Mexico, a Masters in Economics for Development from Oxford University in the United Kingdom, and an MBA from Universit Libre de Bruxelles in Belgium. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. Tel: (651) 737-6523 Unsurprisingly, the board disagrees with the USW proposal. 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. 0 He joined 3M in 1987 as a health care sales representative. The proxy statement also says the company isseekingexpertise in governance, strategy, development, and execution; people who understand financial, operational and strategic issues facing large retail companies; global or international business experience; technology and e-commerce experience; marketing, brand management or public relations experience; finance, accounting, or financial reporting experience; or regulatory or legal experience. The estimated additional pay is $170,007 per year. Mr. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. This compensation may impact how and where listings appear. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? 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). 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. Additional pay could include bonus, stock, commission, profit sharing or tips. 3M has increased its dividend for 64 straight years. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. Prior to joining 3M in 2001, Kevin was a partner at Kirkland & Ellis in Chicago. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. As a member of Board of Directors at 3M CO , Vance D. Coffman made $107,459 in total compensation. In 1996, the National Association of Corporate Directors (NACD) issued the Blue Ribbon Commission Report on Director Professionalism, which had a great influence on board member compensation practices. 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. ", Veritas. He joined 3M in October 2021 as executive vice president and chief information & digital officer, helping lead the digital transformation of the $32 billion science-based company. 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. 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. We also reference original research from other reputable publishers where appropriate. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Executive Vice President and Chief Financial Officer of Microsoft Corporation, a global technology company. The compensation analysis excludes any temporary reductions to director compensation implemented due to the pandemic. 224-1W-02 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. 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. Non-employee directors also receive an annual cash retainer of $100,000. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. In this role, he leverages his many years of experience as both a technology and business leader. Learn how this feature works. 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. In 2018, he was inducted into the Intellectual Property Hall of Fame by the IP Hall of Fame Academy.
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