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Mr. Eskew was appointed Executive Vice President in 1999 and Vice Chairman in 2000 before becoming Chairman of the Board and Chief Executive Officer of UPS in January 2002. 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. AP6D. 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. Prior to joining 3M in 2001, Kevin was a partner at Kirkland & Ellis in Chicago. 4 0 obj 3M has increased its dividend for 64 straight years. The estimated additional pay is $169,271 per year. Anne Chow's career in the technology and business sectors spans over three decades. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. He received his J.D., magna cum laude, from Northwestern University; and his B.A. "2020 Proxy Statement," Page 12. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. You can sign up for additional alert options at any time. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. Karina led strategic planning for the companys international operations and served as managing director for 3M Indonesia. Ashish has a strong technical background and has authored 10 patents. Page also serves as non-executive Chairman of the Board of Corteva Agriscience. During his assignment as the laboratory head in India, Ashish was responsible for establishing its first product development laboratory and capabilities. Lead, Columbia University's SIPA Tech & Policy Initiative; . After submitting your request, you will receive an activation email to the requested email address. oYgd=??/_C|72KFSI. That's actually a 5% increase from the year before. This is a defining time for all companies and 3M is no different in that respect, Scott said. 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. 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. What Is the Salary of the Federal Reserve Chair? These include white papers, government data, original reporting, and interviews with industry experts. In his 35-year career with the company, he has played a key role in its transformation, from lower-margin, commodity businesses to one more deeply focused on higher-growth consumer demand-driven markets that value innovation. This post is based on their FW Cook memorandum. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Know Your Worth. Look for a gap in expertise that might be left when a current board member steps down. Boards aren't entirely made up of retirees and people nearing the end of their careers. Jeff Lavers is the group president of 3Ms Consumer Business Group. It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. Personal health and fitness are his passion. <> It regularly meets in executive session, without the presence of Rogers' management. 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. A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. A decades-long career at 3M can span a diverse range of businesses, market segments and geographies, Mike says. 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.. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. The information shown here is a reporting of information included in the company's proxy statement. As 3Ms senior vice president and chief strategy officer, Karina Chavez leads several functions including strategy, brand, design, sponsorships and events, and communications for the $32 billion science-based company. Approximately 90% of companies in the sample grant full-value stock awards exclusively (i.e., no stock options). My new VP is in the company less than 6m and in the position 3m. Ms. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. Mr. Anderson served without compensation as the President and Chief Executive Officer of Amtrak, an intercity passenger rail service provider, from July 2017 until his retirement on April 15, 2020. . Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. Prior to 3M, Mark served as Chief Information Officer for Abbott Laboratories where he had global responsibilities for Abbotts technology landscape. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. [Br*L7r/Nv&rrzDGx0V:o,eIY^'(O >vXT cct"o3jvYEfp.w$}0BirMZIHI6M)9z?eOtp'pON{~YN>=mCs:a'heTb\G. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. For the past eight years, Ms. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. He serves on the boards of Special Olympics International, Cambridge China Development Trust, Council on Foreign Relations, and Emory University. stream Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. Pedro Pizarro has been President and CEO of Edison International, the parent company of Southern California Edison (SCE), one of the nation's largest electric utilities, since 2016. Sales Compensation Trends Revealed in New Survey. You can learn more about the standards we follow in producing accurate, unbiased content in our. 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. 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. Mike became chairman of the board in May 2019 and chief executive officer in July 2018. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Ms. Craig served as Accenture's CFO from 2006 through 2013, following her many other leadership roles in line management, consulting and operations at Accenture during her 34 years with the company. Related Searches:All Director Salaries|All 3M Salaries. 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. It goes a lot higher from there. endobj 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. She also worked at the World Bank in Washington, D.C. from 1993 to 1995. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. 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. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. Using 46 technology platforms, our integrated team of scientists and researchers.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. You can sign up for additional alert options at any time. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. At 3M, we promise to treat your data with respect and will not share your information with any third party. <> Kereere has over 20 years of experience in leading global . In January 2020, Environmental Responsibility was added to his role, including the Environment, Health and Safety organization. 3 0 obj 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 . 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 will compete for board positions with people who have been extremely successful at a young age. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. 3M leverages its 51 technology platforms to create differentiated solutions for customers through four business groups: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. 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. He began his professional career as a senior research engineer in 3M laboratories in St. Paul. In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. Bldg. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The more qualifications you can bring to the table, the better. investorrelations@3M.com. Anne Chow and Pedro Pizarro elected to 3M Board of Directors, Caution Concerning Forward-Looking Statements, https://www.prnewswire.com/news-releases/anne-chow-and-pedro-pizarro-elected-to-3m-board-of-directors-301741429.html, SDS, RDS, More Regulatory & Compliance Information. Mr. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. Ms. Chow is on the board of the following public company in addition to 3M: FranklinCovey. President and CEO, Edison International, the parent company of Southern California Edison (SCE), one of the nations largest electric utilities, since 2016. The average mix across the entire sample is 43% cash and 57% equity. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Non-employee directors also receive an annual cash retainer of $100,000. He enjoys pushing himself mentally and physically in a broad range of athletics. Chairman of the Board and Chief Executive Officer, Executive Vice President, Chief Technology Officer and Environmental Responsibility, Senior Vice President and Chief Strategy Officer, Executive Vice President and Chief Human Resources Officer, Executive Vice President, Chief Country Governance and Services Officer, Group President, Transportation & Electronics, Group President, Consumer and Interim Group President, Health Care, Executive Vice President, Chief Information and Digital Officer, Executive Vice President, Chief Financial and Transformation Officer, Executive Vice President and Chief Legal Affairs Officer, Caution Concerning Forward-Looking Statements, SDS, RDS, More Regulatory & Compliance Information. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. Effective April 1, 2019, Ashish was appointed to lead the newly created 3Ms Transportation and Electronics Business Group, with total revenues of approximately $10B. Kereere currently serves as head of global business solutions for Fiserv Inc. She has more than 20 years of international business leadership experience, previously working in executive leadership positions with such companies as Visa and American Express before joining Fiserv. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. Mr. Dillon is on the board of the following public company in addition to 3M: Union Pacific Corporation. St. Paul, MN 55144-1000 Description 3M Co. 3M Co. is a technology company, which manufactures industrial, safety, and consumer products. The estimated base pay is $176,111 per year. Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. You must click the activation link in order to complete your subscription. 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. 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. IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global Board of Directors: What It Is, What Its Role Is, Incorporation: Definition, How It Works, and Advantages, Audit Committee: Definition, How They're Used, and Purpose, What Is a Proxy Statement? 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. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. In his spare time, he dedicates himself to being a loving husband and father and growing his family. The Board is mainly comprised of outside, independent directors. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. She currently serves as Lead Director on the Board of Directors for FranklinCovey and as Adjunct Professor of Executive Education at the Kellogg School of Management, Northwestern University. Mr. 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. Head of Global Business Solutions, Fiserv, Inc. 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. Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. 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, U.S. Securities and Exchange Commission. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. 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.
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