3m board of directors compensation

3M has increased its dividend for 64 straight years. 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 . 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, My new VP is in the company less than 6m and in the position 3m. In 1996, the National Association of Corporate Directors (NACD) issued the Blue Ribbon Commission Report on Director Professionalism, which had a great influence on board member compensation practices. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. Mike is most proud of seeing the success of coworkers and people he has mentored during his time at the company. 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. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. In 2017 she was named global business director for 3Ms home improvement business, until 2020 when she became senior vice president for customer operations. Learn how this feature works. <> 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 The brands listed above are trademarks of 3M. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. 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. Mr. Pizarro earned his bachelor's degree in chemistry from Harvard University and his Ph.D. in chemistry from the California Institute of Technology. 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. In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. "I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. 123 0 obj <>stream Fixed retainers remain more prevalent than meeting fees as the means to deliver additional compensation. During his assignment as the laboratory head in India, Ashish was responsible for establishing its first product development laboratory and capabilities. Related Searches:All Director Salaries|All 3M Salaries. He can also be found running, antiquing, reading science fiction and spending time with his family. Ms. For him, that comes down to business/market analysis and team success. 3M - Governance - Corporate Officers - 3M - IR Home To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. 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. Anne Chow and Pedro Pizarro elected to 3M Board of Directors "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/anne-chow-and-pedro-pizarro-elected-to-3m-board-of-directors-301741429.html. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. She earned her degree in manufacturing engineering from Brunel University London, and diploma in personnel management from Thames Valley University. He served as Coca-Colas Chief Executive Officer from July 2008 to April 2017. Anne Chow and Pedro Pizarro elected to 3M Board of Directors Our household income is $240k and have $400k for down payment after selling all stocks. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. 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. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 3M CO Executive Salaries & Other Compensation | Salary.com Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. VUL^07d=xy2 *'..j(( Hs00 In his current position, John remains focused on driving change, challenging the status quo and helping develop the 3M leaders of tomorrow. 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. Three years later, he was tapped to lead 3M's corporate research lab. Get a free, personalized salary estimate based on today's job market. Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. You must click the activation link in order to complete your subscription. 224-1W-02 1 0 obj Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. Retired Chairman and Chief Executive Officer of Cargill. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. Engage in conversations about Director pay with other professionals in the community. That's actually a 5% increase from the year before . Ms. Chow is on the board of the following public company in addition to 3M: FranklinCovey. ", Reuters. 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. Mike became chairman of the board in May 2019 and chief executive officer in July 2018. Could you fill that gap? Board of Directors | Medtronic The estimated total pay for a Director at 3M is $345,577 per year. endobj Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. 102 0 obj <> endobj At 3M, we promise to treat your data with respect and will not share your information with any third party. Exelon Corporation. 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. He has held a wide range of other senior executive positions at the Edison International companies since joining in 1999. Average compensation in 2018 at those firms was $304,856, according to Reuters. 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. 3M CO Board Member Vance D. Coffman | Salary.com The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Ms. Kereere served in leadership positions at American Express from 1988 to 2016, including as head of its U.S. National Merchant Business and Global Network Business. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. Prior to that, Mr. Roman served as Executive Vice President and Chief Operating Officer of 3M Company from July 2017 to June 2018, Executive Vice President of 3Ms Industrial Business from May 2014 to June 2017, and Senior Vice President of Business Development from May 2013 to May 2014, with responsibility for 3Ms strategic roadmap. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com The estimated additional pay is $170,007 per year. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ 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. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. He joined 3M in October 2021 as executive vice president and chief information & digital officer, helping lead the digital transformation of the $32 billion science-based company.