Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. Dr. Moyo was Chief Executive of Officer of Mildstorm LLC, a financial and economics firm, from 2015 to 2021. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. Prior to 3M, Monish spent 26 years at GE where he held a variety of roles of increasing responsibility across GEs businesses. The information shown here is a reporting of information included in the company's proxy statement. ", Veritas. Ashish has a strong technical background and has authored 10 patents. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. 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. Peter Gibbons joined 3M in November 2021 as group president of Enterprise Operations, which brings together manufacturing, supply chain and customer operations, and is focused on optimizing the customer experience through end-to-end aligned and agile operations. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Another example would be compensation meetings to discuss compensation plans and awards.. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. endstream endobj 103 0 obj <. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. periodically receive reports on the status of Board compensation in relation to other large U.S. companies and is responsible for recommending to . 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 his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. 3M Investor Relations Department 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. "People achieve great things when they are embraced and valued; when they are connected, not isolated; and when their intelligence and imagination are unleashed". The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). stream He most recently was Senior Vice President and Deputy General Counsel, advising senior management and the Board of Directors on legal issues. 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 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. A decades-long career at 3M can span a diverse range of businesses, market segments and geographies, Mike says. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. Mark Murphy has more than two decades of experience developing and leading global technology organizations across multiple industries including healthcare, medical device, retail and financial services. He enjoys pushing himself mentally and physically in a broad range of athletics. Mr. Pizarro served as president of SCE from 2014 to 2016. 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. Non-employee directors also receive an annual cash retainer of $100,000. The more qualifications you can bring to the table, the better. Know Your Worth. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. 3M Expands Board of Directors - ISSA Various senior positions at Ita Unibanco Group , including CEO (January 2017 . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. 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. oYgd=??/_C|72KFSI. The charts on this page feature a breakdown of the total annual pay for the top executives at 3M CO as reported in their proxy statements. Zoe is a chartered member of Chartered Institute of Personnel & Development. Effective July 1, 2022, Jeff is also leading 3Ms Health Care Business Group on an interim basis. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. 6 yrs at my current company. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. For nine straight years, 3M has been recognized by Ethisphere as one of the Worlds Most Ethical 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. Jeff earned his bachelor of business administration degree in marketing and finance from the Robert O. Anderson School of Management at the University of New Mexico, Albuquerque. 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). Before that, he served as president and chief operating officer of Dow and also previously served as chief operating officer for the Materials Science division of DowDuPont. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. @,s30_j0 \ FW Cook's 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. Prior to her current role, Ms. Kereere served as Fiservs Chief Growth Officer, leading strategy and business development to enhance client value and accelerate growth. As a member of Board of Directors at 3M CO , Thomas made $320,487 in total compensation. 102 0 obj <> endobj News & Views 2/17/2022 3M Adds To Board Of Directors. USW Proposal Spotlights Excessive 3M CEO Compensation To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. 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. 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. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. 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. Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. St. Paul, MN 55144-1000 Head of Global Business Solutions, Fiserv, Inc. Pedro brings skills and experience in leading large companies and driving strategic improvements, and a deep understanding of the power of materials science to improve the world. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. 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). For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Ms. Craig is on the boards of the following public companies in addition to 3M: Corning, Inc.; Merck & Company; Progressive (Insurance) Corporation. 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 How Much Board of Directors Members Get Paid and What They Do Personal health and fitness are his passion. Retired, Chief Executive Officer of AT&T Business, an organization that provided a full suite of business services across wireless, networking, cybersecurity, and advanced solutions, serving nearly 3 million business customers in more than 200 countries and territories around the world. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Due to the COVID-19 pandemic, 15% of S&P 500 companies and roughly 13% of Russell 3000 companies reported taking pay actions through the third quarter of 2020, which generally consisted of cash retainer reductions. 3m Compensation Plan For Non-employee Directors For example, audit committees have regular meetings before public filings, she says. This compensation may impact how and where listings appear. 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. As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. 123 0 obj <>stream Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . "I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. St. Paul, MN 55144-1000 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. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. 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.

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