"I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. Mr. Dillon is on the board of the following public company in addition to 3M: Union Pacific Corporation. 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. Kevin is a champion for diversity and inclusion in the legal profession, growing talent and serving communities. Deloitte. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. 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, 3M (NYSE: MMM) believes science helps create a brighter world for everyone. Its that excitement, mixed with his incredible passion and leadership, that has led to some of 3Ms biggest equitable actions in the past year. Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. 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. Ms. Craig is on the boards of the following public companies in addition to 3M: Corning, Inc.; Merck & Company; Progressive (Insurance) Corporation. A corporation is a separate legal entity from its owners. At 3M, we promise to treat your data with respect and will not share your information with any third party. 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). When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Mr. Roman also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. Of this total $47,843 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options . Of this total $135,000 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $185,000 . 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. I was offered a promotion & salary increase (66k to 96k) in Dec but then in Jan the company fired my country VP who made the offer. 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. 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. You must click the activation link in order to complete your subscription. 3M has added Suzan Kereere to its board of directors. investorrelations@3M.com. He oversaw annual R&D investments of nearly $2 billion, while building 3Ms digital capabilities and bringing the companys technology expertise even closer to customers around the world. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. The offers that appear in this table are from partnerships from which Investopedia receives compensation. You must click the activation link in order to complete your subscription. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Average compensation in 2018 at those firms was $304,856, according to Reuters. Mr. If you experience any issues with this process, please contact us for further assistance. The prevalence of committee member retainers has been stable year-over-year, while the use of committee meeting fees continues to decrease. Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. 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. Lodestone Global. Tel: (651) 737-6523
3M Expands Board of Directors February 14, 2022. 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. ", Reuters. The average mix across the entire sample is 43% cash and 57% equity. Leadership is facilitating and embracing evolution, and accompanying the paths for change, Karina says. 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. A. %PDF-1.6
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Every day her team is focused on attracting, supporting, and developing talent, and ensuring 3M is a place where everyone belongs, learns, innovates and thrives. 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. 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. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. About3M Director Compensation Practices offers a comprehensive set of benchmarking data and analysis needed to inform the board pay design process. %PDF-1.7
I have been an Office Manager 21 yrs. Unsurprisingly, the board disagrees with the USW proposal. She has been married more than 20 years, with two teenage kids. I wanted to make sure that the company was really serious about doing this work and that this was something I could see myself getting behind to make a difference because I have a bias for action. That's a 43% increase over 10 years. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. Chairman of the Board and Chief Executive Officer of 3M Company. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. For the past eight years, Ms. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. investorrelations@3M.com. The Company assumes no obligation to update or revise any forward-looking statements. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. 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. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. 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. As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
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. 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. A leadership position had been created to advance more of the companys equity initiatives and they wanted to know if he would like to be considered. "Private Company Board Compensation Survey. 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 Mr. Fitterling is also a passionate advocate for inclusion and diversity with a focus on diversifying Dows global talent, enhancing innovation and the customer experience, and strengthening relationships in the communities the company serves. Its about supporting constant iteration, until a point you make yourself obsolete.. Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Private company board compensation programs have two common cash components: An annual retainer (the amount paid to each eligible director on an annual or quarterly basis for board service) is offered by 71% of private companies surveyed. Equity grants most commonly vest immediately, or cliff-vest after one year. After submitting your request, you will receive an activation email to the requested email address. 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).
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