About3M "U.S. company directors compensated more than ever, but now risk backlash.". Help make it more accurate by adding yours. Leadership is about connecting with and inspiring others to achieve their best, Mark says. endstream
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<. I have been trying to get a review ever since and no one will say what is going on. 3M (NYSE: MMM) believes science helps create a brighter world for everyone. For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. Most recently he served as CFO of GE Healthcare. I took some time to think about it because the emotions of the time were raw and real, Garfield said. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. 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.
PDF The Board of Directors (the "Board") of 3M Company ("3M" or the 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. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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. 03.03.2023 - Leonteq AG / Key word(s): AGMEGM Press release: Leonteq publishes agenda and proposal of the Board of Directors for the Annual General Meeting 2023 03.03.2023 / 07:00 CET/CEST PRESS . Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. Mr.
3M - Governance - Governance Documents endobj
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. In connection with Ms. Kereere's election, the Board of Directors .
3M CO Executive Salaries & Other Compensation | Salary.com From December 2006 through June 2008, Mr. Kent served as President and Chief Operating Officer of The Coca-Cola Company. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). Tel: (651) 737-6523
They also recommended doing away with pension and . Aside from the financial compensation, your reward will be having substantial input into major decisions made by the company, such as executive hires, policies on dividends and stock options, and executive payall while representing the best interests of management and shareholders. endobj
He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. One of our four strategic priorities at 3M is People & Culture because we know we will drive growth in our business and change in our communities by developing talent in an inclusive environment, Zoe says. Leadership is facilitating and embracing evolution, and accompanying the paths for change, Karina says. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. 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. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. Retired Chairman and Chief Executive Officer of Cargill. endobj
The information on this website, including any documents posted herein, contains a significant amount of information about 3M. Mr. Brown served in various leadership capacities in global purchasing since joining Ford in 1999. The estimated total pay for a Director at 3M is $346,118 per year. The information shown here is a reporting of information included in the company's proxy statement. 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. Changes were relatively stable across industries; we observe that Financial Services, Industrials, and Technology companies had no increases in median total compensation, while Energy and Retail companies had increases of 3% and 2%, respectively. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. 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. Country Governance and Services comprises Global Country Leadership, the Workplace Group, Global Service Centers, and 3Ms Emerging Markets. If you experience any issues with this process, please contact us for further assistance. Outside of work, Monish enjoys reading, music, watching cricket, playing tennis or badminton and spending time with his family. 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. 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. investorrelations@3M.com. 3M announced that Suzan Kereere, head of Global Business Solutions at Fiserv, Inc., has been elected to 3M's Board of Directors, effective Feb. 10, 2022. Mr. Fixed retainers remain more prevalent than meeting fees as the means to deliver additional compensation. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 "3M is a globally diverse company in so many dimensions," Ashish says. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. 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. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014.
3M News Center - Press Releases The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. In his current position, John remains focused on driving change, challenging the status quo and helping develop the 3M leaders of tomorrow. A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. Unsurprisingly, the board disagrees with the USW proposal. He leads a team that, among other things, helps to keep the world connected by improving efficiency in electronic devices and data centers, enables e-mobility, and advances transportation and its safety. According to the company's 2021 proxystatement, Walmarts compensation program for outside directors offers base compensation of a $175,000 annual stock grant and a $100,000 annual retainer. The 3M board of directors is mostly composed of former CEOs. Additional pay could include bonus, stock, commission, profit sharing or tips. 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. 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. You must click the activation link in order to complete your subscription. 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. 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. After submitting your request, you will receive an activation email to the requested email address. 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. ", Veritas. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. We continue to observe an increasing number of women on Boards: 94% of companies in the study have at least one woman on the Board (90% last year), 59% of large-cap companies have three or more women on the Board (50% last year) and 25% of both mid-cap and small-cap companies have three or more female members (22% and 13% last year, respectively).
SAI KRISHNA.docx - IBM Board of Directors (PAGE 10) As an outside director, you could bring a fresh perspective to a corporate board and leverage your years of experience as an executive into a satisfying new project that still leaves you with enough time to do your day job or enjoy your retirement. I am extremely thankful for the company and leaders I work for at 3M, Eric says. You'll want to pursue networking both online and offline. So what does he do when hes not in the office? Mike Roman is chairman of the board and chief executive officer of 3M, a $35 billion science and manufacturing company that improves lives around the world. hbbd``b`$fH0@= , VDtbc a`$2012|
Similar to last year, 63% of companies provide additional compensation to committee members. Another example would be compensation meetings to discuss compensation plans and awards.. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. From May 2005 through January 2006, he was President and Chief Operating Officer of The Coca-Cola Companys North Asia, Eurasia and Middle East Group. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. 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. Chicago, IL 60603. Walmart. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture.