Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. Mr. Dillon is on the board of the following public company in addition to 3M: Union Pacific Corporation. The more qualifications you can bring to the table, the better. These descriptions are fairly generic. He enjoys pushing himself mentally and physically in a broad range of athletics. I feel blessed and give everything I have to leave 3M in a better place, every day.. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. 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. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The Company assumes no obligation to update or revise any forward-looking statements. 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. You must click the activation link in order to complete your subscription. CleanLink News. 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. In his current position, John remains focused on driving change, challenging the status quo and helping develop the 3M leaders of tomorrow. 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 . Kereere has over 20 years of experience in leading global . Walmart's current board members include Cesar Conde, 47, chair of NBCUniversal, and Marissa Mayer, 46, who is well-known for the high positions she achieved at Google and Yahoo. Year-over-year increases to total compensation, at the median, were modest among large-cap and mid-cap companies compared to small-cap companies, which had a relatively significant increase . He served in that role until 2012, when he became global business director for 3Ms Industrial Adhesives and Tapes Division. This compensation may impact how and where listings appear. She is also actively involved in charitable organizations, focused on education and on the advancement of women in business, including The Womens Forum of New York, New York University Stern School of Business, Junior Achievement of New Jersey, and is a board member for Smith College Trustees. As a member of Board of Directors at 3M CO, Muhtar Kent made $340,917 in total compensation. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. Ashish has a strong technical background and has authored 10 patents. 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. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. <>/Metadata 125 0 R/ViewerPreferences 126 0 R>>
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 . Boards aren't entirely made up of retirees and people nearing the end of their careers. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. Unsurprisingly, the board disagrees with the USW proposal. 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. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Of this total $155,000 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 was awarded as stock and $917 came from other . This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. In his spare time, he dedicates himself to being a loving husband and father and growing his family. Mr. Brown served in various leadership capacities in global purchasing since joining Ford in 1999. 123 0 obj
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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. You can sign up for additional alert options at any time. I am extremely thankful for the company and leaders I work for at 3M, Eric says. Approximately 80% of the sample uses a retainer-only structure (no board meeting fees), and an additional 6% only awards a meeting fee for abnormally high activity above a pre-set threshold. 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. Prior to GE, Monish gained experience at A.F. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Ms. Chow 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. He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. A board of directors (B of D) is the governing body of a company, elected by shareholders to set strategy and oversee management. 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. President Joe Biden intends to name Karen Lynch, CEO of CVS Health, to his Export Council. If you experience any issues with this process, please contact us for further assistance. Chicago, IL 60603. In 2011, he became executive vice president of the Consumer Business Group, and in 2016 was appointed executive vice president of the Health Care Business Group. Average compensation in 2018 at those firms was $304,856, according to Reuters. He previously led the construction and home improvement business, and the companys corporate marketing and sales organization. My new VP is in the company less than 6m and in the position 3m. After submitting your request, you will receive an activation email to the requested email address. He joined 3M in 1988 as a senior design engineer. Mr. Dillon served as President from 1995 to 2003 and was elected Executive Vice President in 1990. All proxy statements are public filings made available to the general public by the SEC. 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. 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). 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. She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. 3Ms purpose drives its performance, and the company is advancing four strategic priorities to support long-term value creation: Portfolio Management, Transforming the 3M Operating Model, Growth through Innovation, and People and Culture. Investopedia does not include all offers available in the marketplace. You must click the activation link in order to complete your subscription. In connection with Ms. Kereere's election, the Board of Directors . In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. Ms. Craig is on the boards of the following public companies in addition to 3M: Corning, Inc.; Merck & Company; Progressive (Insurance) Corporation. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. In 2016, John moved to West Europe to serve as managing director of 3M's D-A-CH region, which represents the company's combined operations in . Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. 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. . They also recommended doing away with pension and . Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. You will compete for board positions with people who have been extremely successful at a young age. In this role, Kevin led ongoing efforts during the COVID-19 pandemic to combat fraud, counterfeiting, and price gouging of N95 respirators. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. investorrelations@3M.com. Most companies continue to use fixed-value equity award guidelines, with full-value stock awards remaining the most common form of equity compensation and providing the most consistent means to align director pay with shareholder interests. 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. Its about supporting constant iteration, until a point you make yourself obsolete.. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. On Fishbowl, you can share insights and advice anonymously with 3M employees and get real answers from people on the inside. Know Your Worth. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. At 3M, we promise to treat your data with respect and will not share your information with any third party. For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. Non-employee directors also receive an annual cash retainer of $100,000. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. The new 2022 third edition of the survey contains over 1,200 responses, an increase of about 300 participants from the prior full version of the . I have been trying to get a review ever since and no one will say what is going on. stream
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U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. 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. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. Three years later, he was tapped to lead 3M's corporate research lab. Exelon Corporation. Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. Monish is a certified chartered accountant and a certified cost accountant from the Institute of Cost and Works Accountants of India. 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. A non-executive director is a member of a company's board of directors who is not part of the executive team. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. Averages based on self-reported salaries. 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. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. She 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. Your strategy to get noticed and be considered for board membership should be similar to the strategy it takes to secure any high-level position. The following chart summarizes total non-employee director pay levels and market capitalizations of the 300 companies in our study (100 companies in each size grouping): The complete publication is available here. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc. Executive Vice President and Chief Financial Officer, Microsoft Corporation, Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company. 102 0 obj
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He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 6 yrs at my current company. Retired Chairman of the Board and Chief Executive Officer, The Kroger Co. "Few Hours, Soaring Pay for Corporate Board Members.". Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. "Private Company Board Compensation Survey. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. Make sure you develop a board resume that positions you as qualified for the corporations board, says Rene Hornbaker, who currently serves on the boards of Eastman Chemical Company, The Freeman Company, and Tri Global Energy. 3M (NYSE: MMM) believes science helps create a brighter world for everyone. As executive vice president and chief human resources officer, Zoe Dickson leads 3Ms transformative agenda for people and culture. In 2016, John moved to West Europe to serve as managing director of 3Ms D-A-CH region, which represents the companys combined operations in Germany, Austria and Switzerland. Aptiv PLC (Compensation and Human Resources, and Nominating and Governance committees) Additional Positions. The median annual retainer is $30,000, up from $28,000 in 2020. Kevin is a champion for diversity and inclusion in the legal profession, growing talent and serving communities. Mike Vale leads 3Ms Safety & Industrial Business Group, which includes personal safety, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. 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. During his leadership, this business was transformed through a thorough portfolio prioritization and diversification in fast growth segments, becoming a strong contributor to the company results. The brands listed above are trademarks of 3M. IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global AP6D. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. If you experience any issues with this process, please contact us for further assistance. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mr. Pizarro earned his bachelor's degree in chemistry from Harvard University and his Ph.D. in chemistry from the California Institute of Technology. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. endobj
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. 3M is advancing diversity, equity and inclusion with a pledge to double its representation of underrepresented groups, along with new initiatives to strengthen STEM education. View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com Mike Roman is chairman of the board and chief executive officer of 3M, a $35 billion science and manufacturing company that improves lives around the world. He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. As a member of Board of Directors at 3M CO , Thomas made $320,487 in total compensation. 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. He most recently was Senior Vice President and Deputy General Counsel, advising senior management and the Board of Directors on legal issues. VUL^07d=xy2
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Hs00 Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services.