Anne Chow and Pedro Pizarro elected to 3M Board of Directors 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. VUL^07d=xy2 *'..j(( Hs00 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. If you experience any issues with this process, please contact us for further assistance. 3M has increased its dividend for 64 straight years. Aptiv PLC (Compensation and Human Resources, and Nominating and Governance committees) Additional Positions. The estimated base pay is $176,306 per year. <>/Metadata 125 0 R/ViewerPreferences 126 0 R>> 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. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. Head of Global Business Solutions, Fiserv, Inc. Prior to 3M, Monish spent 26 years at GE where he held a variety of roles of increasing responsibility across GEs businesses. She earned a B.A. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. 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. 2 0 obj 3M provides a match up to a certain percent, 3M is a global science company that never stops inventing. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. Mr. Fitterling was named CEO-elect of Dow in March 2018 prior to becoming CEO in July 2018, and he was elected chairman in April 2020. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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. 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. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. Unsurprisingly, the board disagrees with the USW proposal. These descriptions are fairly generic. Monish is a certified chartered accountant and a certified cost accountant from the Institute of Cost and Works Accountants of India. She 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. I feel blessed and give everything I have to leave 3M in a better place, every day.. 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. 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. ", Veritas. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. Bldg. Anne Chow and Pedro Pizarro elected to 3M Board of Directors "We are very pleased to further strengthen 3M's board with two highly accomplished, world-class leaders," said 3M chairman and CEO Mike Roman. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. 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. 3M shareholders today elected 11 directors for one-year terms that expire at the company's 2021 Annual Meeting: Thomas "Tony" K. Brown, retired group vice president, Global Purchasing, Ford Motor Company Pamela J. Craig, retired chief financial officer, Accenture plc David B. Dillon, retired chairman of the board and CEO, The Kroger Co. In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. A corporation is a separate legal entity from its owners. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. If you experience any issues with this process, please contact us for further assistance. Really nervous. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. Tel: (651) 737-6523 PDF 3M Board of Directors Nominating and Governance Committee Charter He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. (2005-2013) (alternate member of the Board of Directors, (1999 to 2005)) Previous experience. In his spare time, he dedicates himself to being a loving husband and father and growing his family. 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. It operates through the following segments: Safety and Industrial,. For him, that comes down to business/market analysis and team success. 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. Birmingham Water Works Board files lawsuit against chemical Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. ", Reuters. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. endstream endobj 103 0 obj <. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. The median annual retainer is $30,000, up from $28,000 in 2020. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? You will compete for board positions with people who have been extremely successful at a young age. Engage in conversations about Director pay with other professionals in the community. Boards aren't entirely made up of retirees and people nearing the end of their careers. At 3M, we promise to treat your data with respect and will not share your information with any third party. She joined 3M in 2008 as a marketing and public affairs manager for 3M Mexico, and has held roles of increasing responsibility in the United States, Asia and Latin America. He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. 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. The brands listed above are trademarks of 3M. If the company wasnt serious about action, then I wouldnt be the right candidate., Listening to our communities: The diverse voices and perspectives of 3M's Community Coalition, During his 33-year tenure at 3M, Global Diversity and Inclusion Strategist Scott Morris has never been more excited to be a part of a company and movement that is helping affect peoples lives. Make sure your resume states what you will specifically bring to the table as a board member.. The median board retainer for large-cap companies increased slightly by $2,500 to $92,500 and remained flat at mid-cap and small-cap companies (at $75,000 and $60,000, respectively). Here are a couple of examples of what Fortune 500 companies pay their board members. 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. 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%). 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. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. Hornbaker says pay depends on the complexity of the company, whether it's public or private, the number of meetings it entails, and the amount of responsibility involved. Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. "Private Company Board Compensation Survey. Executive search firms can streamline the process since theyll know about available positions. The median decrease in director compensation was 50% at S&P 500 companies and 40% at Russell 3000 companies. 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. 3M CO Board Member Vance D. Coffman | Salary.com USW Proposal Spotlights Excessive 3M CEO Compensation Its members include current board members, aspiring board members, and corporations looking to hire board members. FW Cooks 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.
3m board of directors compensation