A board of directors (B of D) is the governing body of a company, elected by shareholders to set strategy and oversee management. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I am starting to look elsewhere but I have great WFH life now. <> endobj 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. %PDF-1.6 % Head of Global Business Solutions, Fiserv, Inc. Leadership is about serving more than yourself, he says. He earned a bachelors degree from St. Josephs College of Commerce in Bangalore, India. 102 0 obj <> endobj 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. So what does he do when hes not in the office? A corporation is a separate legal entity from its owners. If you experience any issues with this process, please contact us for further assistance. 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. Ms. Chow 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. 3M United States Investor Relations Governance Board of Directors Investor Relations IR Home About 3M Stock Information Financials Events & Presentations News Governance Resources Board of Directors Thomas K. Brown Retired Group Vice President, Global Purchasing, Ford Motor Company Anne H. Chow Retired Chief Executive Officer, AT&T Business 3M Investor Relations Department 3M Expands Board of Directors February 14, 2022. He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. endstream endobj startxref Country Governance and Services comprises Global Country Leadership, the Workplace Group, Global Service Centers, and 3Ms Emerging Markets. 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. 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. VUL^07d=xy2 *'..j(( Hs00 Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. 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. 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. 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. %%EOF Mike and his family enjoy a variety of physical fitness and outdoor activities. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. <>/Metadata 125 0 R/ViewerPreferences 126 0 R>> Kevin is a champion for diversity and inclusion in the legal profession, growing talent and serving communities. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. 3M provides a match up to a certain percent, 3M is a global science company that never stops inventing. You can sign up for additional alert options at any time. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. He previously had led 3Ms Digital Transformation, one of the companys three value creation levers. The average salary for a Director is $129,368 per year in United States, which is 62% lower than the average 3M salary of $346,118 per year for this job. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Companies in all size segments continue to provide more than half of total pay in equity, on average, with equity weighting generally increasing with company size. Hornbaker also recommends becoming educated on the fundamentals of governance and directorship through a program such as the National Association of Corporate Directors Director Professionalism program. As a member of Board of Directors at 3M CO, Muhtar Kent made $340,917 in total compensation. Home to some of 3Ms most iconic brands, this business serves global consumers and consists of construction and home improvement, stationery and office supplies, home care, and consumer health care. This post is based on their FW Cook memorandum. For him, that comes down to business/market analysis and team success. The Company assumes no obligation to update or revise any forward-looking statements. Director Compensation Practices offers a comprehensive set of benchmarking data and analysis needed to inform the board pay design process. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. investorrelations@3M.com. In early 2014, Ashish began leading one of 3Ms biggest businesses the Personal Safety Division and later that same year he was named the chief technology officer (CTO) and senior vice president of research and development of 3M. The estimated base pay is $176,111 per year. Bldg. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. He joined 3M in 1988 as a senior design engineer. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. "2020 Proxy Statement," Page 12. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. At 3M, we promise to treat your data with respect and will not share your information with any third party. Mr. Roman also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. He enjoys pushing himself mentally and physically in a broad range of athletics. In 2008, he returned to the U.S. to become vice president and general manager of Aearo Technologies LLC, which 3M acquired that year. 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. Unsurprisingly, the board disagrees with the USW proposal. Boards aren't entirely made up of retirees and people nearing the end of their careers. In this role, Kevin led ongoing efforts during the COVID-19 pandemic to combat fraud, counterfeiting, and price gouging of N95 respirators. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. He retired as Chairman of the Board and Chief Executive Officer at the end of 2007 but remained as a director of UPS until December 31, 2014. 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. How can I negotiate if they say the offer is off, Planning to bid on a house - 1.3M, with a base salary of 210K - in Seattle.. Worth it? Ms. Chow served as the CEO of AT&T Business from 2019 to 2022 after having served in various executive leadership positions at AT&T since 2000. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. News & Views 2/17/2022 3M Adds To Board Of Directors. 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. Mr. Dillon served as President from 1995 to 2003 and was elected Executive Vice President in 1990. Lead, Columbia University's SIPA Tech & Policy Initiative; . In January 2020, Environmental Responsibility was added to his role, including the Environment, Health and Safety organization. Various senior positions at Ita Unibanco Group , including CEO (January 2017 . 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. Zoe is a chartered member of Chartered Institute of Personnel & Development. 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 As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. President and CEO, Edison International, the parent company of Southern California Edison (SCE), one of the nations largest electric utilities, since 2016. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. The board chair receives an additional $200,000; the audit committee chair receives an additional $35,000; the compensation committee chair receives an additional $30,000, and the nominating committee chair receives an additional $25,000. Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. Under Mikes leadership, 3M has also helped lead the worlds response to COVID-19, which includes distributing more than 4 billion respirators to protect nurses, doctors and first responders. 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. Creating an atmosphere that allows people to perform at their best, collaborate broadly and enrich their own perspective makes for powerful outcomes.. Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. 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. Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. He retired from Ford on August 1, 2013. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline.