3m board of directors compensationbest freshman dorm at coastal carolina

I have been an Office Manager 21 yrs. He served in that role until 2012, when he became global business director for 3Ms Industrial Adhesives and Tapes Division. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. She has lived and worked around the world for 3M, including in Asia Pacific, Europe and the United States. The median annual retainer is $30,000, up from $28,000 in 2020. To find out what any publicly held company pays its board members, read the companys annual proxystatement, available from its corporate website or the Securities and Exchange Commission website. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . Tel: (651) 737-6523 3M CO Executive Salaries & Other Compensation | Salary.com 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. Anne Chow and Pedro Pizarro elected to 3M Board of Directors In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. Average compensation in 2018 at those firms was $304,856, according to Reuters. He joined 3M in 1987 as a health care sales representative. Shareholders can communicate with the Chairman of the Corporate Governance Committee or with the independent directors as a group by writing to them c/o: Gayle Littleton, Executive Vice President, General Counsel. Download required. 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. . PDF The Board of Directors (the "Board") of 3M Company ("3M" or the The report is complemented by an online dashboard, which enables users to delve into the most recent corporate disclosures by Russell 3000 companies and review individual elements of compensation packages, supplemental compensations for committee service . Mr. 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. 3M shareholders today elected 11 directors for one-year terms that expire at the company's 2021 Annual Meeting: Thomas "Tony" K. Brown, retired group vice president, Global Purchasing, Ford Motor Company Pamela J. Craig, retired chief financial officer, Accenture plc David B. Dillon, retired chairman of the board and CEO, The Kroger Co. A non-executive director is a member of a company's board of directors who is not part of the executive team. Three years later, he was tapped to lead 3M's corporate research lab. Posted by Michael Ferrante and Connor Damon, FW Cook, on, Harvard Law School Forum on Corporate Governance, Prevalence of annual limits on director compensation remains high, with equity-only limits continuing to be the most common approach, though use of total compensation limits. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. An audit committee is the part of a company's board of directors in charge financial reporting and disclosure. Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. The Company assumes no obligation to update or revise any forward-looking statements. Non-employee directors also receive an annual cash retainer of $100,000. 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. Most recently he served as CFO of GE Healthcare. 3M Investor Relations Department Page served as Executive Director of Cargill from 2015 to 2016, Executive Chairman from 2013 to 2015, Chief Executive Officer from 2007 to 2013, and President from 2000 to 2007. Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Unsurprisingly, the board disagrees with the USW proposal. The Board of Directors (the "Board") of 3M Company ("3M" or the "Company") has adopted these guidelines, which in conjunction with the Certificate of Incorporation, Bylaws, and Board . Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. 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. In 2008, he became Ford's Group Vice President, Global Purchasing, with responsibility for approximately $90 billion of production and non-production procurement for Ford operations worldwide. Kevin is a registered patent attorney and has served as President of the Intellectual Property Owners Association and the Association of Corporate Patent Counsel, as well as Chair of the Steering Committee of the Coalition for 21st Century Patent Reform. At 3M, we promise to treat your data with respect and will not share your information with any third party. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. Effective July 1, 2022, Jeff is also leading 3Ms Health Care Business Group on an interim basis. The estimated total pay for a Director at 3M is $345,577 per year. Ashish is a trained Chemical Engineer, with a bachelors degree from Indian Institute of Technology, Delhi, and a Ph.D. from the University of Minnesota. Its about creating an environment that unlocks the full potential of teams and individuals and, as a result, achieves even higher performance and more engaged employees.. After submitting your request, you will receive an activation email to the requested email address. He serves on the boards of Special Olympics International, Cambridge China Development Trust, Council on Foreign Relations, and Emory University. 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. Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. Bldg. Ashish serves as a member of the board of directors of Constellation and on the Deans advisory board for the College of Science and Engineering at the University of Minnesota. She also worked at the World Bank in Washington, D.C. from 1993 to 1995. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. Learn how this feature works. 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. The more qualifications you can bring to the table, the better. St. Paul, MN 55144-1000 Peter Gibbons joined 3M in November 2021 as group president of Enterprise Operations, which brings together manufacturing, supply chain and customer operations, and is focused on optimizing the customer experience through end-to-end aligned and agile operations. This post is based on their FW Cook memorandum. Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. 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. Description 3M Co. 3M Co. is a technology company, which manufactures industrial, safety, and consumer products. Creating an atmosphere that allows people to perform at their best, collaborate broadly and enrich their own perspective makes for powerful outcomes.. Help make it more accurate by adding yours. 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. For him, that comes down to business/market analysis and team success. He most recently was Senior Vice President and Deputy General Counsel, advising senior management and the Board of Directors on legal issues. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. Additional pay could include bonus, stock, commission, profit sharing or tips. That's actually a 5% increase from the year before . He leads a global Legal Affairs team that helps guide business opportunities, address enterprise risks, protect intellectual property, shape the development of law and policy, and strengthen compliance and security. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. 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. Before that, he served as president and chief operating officer of Dow and also previously served as chief operating officer for the Materials Science division of DowDuPont. 3M Adds To Board Of Directors - CleanLink U.S. Securities and Exchange Commission. 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. In addition to his role at 3M, he is on the Presidents Council of Advisors on Science and Technology (PCAST), the Board of Trustees at the Science Museum of Minnesota and is an emeritus trustee for Hamline University. 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. 10 S. Dearborn St., 54th Floor. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? 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. He previously led the companys litigation function, and served for more than ten years as chief intellectual property counsel, with responsibility for managing the global intellectual property assets of 3M and its worldwide affiliates. Head of Global Business Solutions, Fiserv, Inc. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. 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). They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Bldg. The estimated additional pay is $170,007 per year. You may communicate with the board of directors by writing a letter to the chairman of the board, to the chairman of the nominations and governance committee, who acts as the lead director at the meetings of the independent directors, or to the independent directors. 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 He earned a bachelors degree from St. Josephs College of Commerce in Bangalore, India. Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. Mr. Kent is a member of the board and past Co-Chair of The Consumer Goods Forum and past Chairman of the International Business Council of the World Economic Forum. "Private Company Board Compensation Survey. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. Zoe has been the architect of 3Ms talent and organization effectiveness strategies, and a passionate advocate for embedding diversity, equity and inclusion across the company. Corporate boards are made up of highly successful executive outsiders. Mr. Chairman of the Board and Chief Executive Officer, Executive Vice President, Chief Technology Officer and Environmental Responsibility, Senior Vice President and Chief Strategy Officer, Executive Vice President and Chief Human Resources Officer, Executive Vice President, Chief Country Governance and Services Officer, Group President, Transportation & Electronics, Group President, Consumer and Interim Group President, Health Care, Executive Vice President, Chief Information and Digital Officer, Executive Vice President, Chief Financial and Transformation Officer, Executive Vice President and Chief Legal Affairs Officer, Caution Concerning Forward-Looking Statements, SDS, RDS, More Regulatory & Compliance Information. He was appointed 3Ms chief technology officer and senior vice president of research and development in July 2017. Karina led strategic planning for the companys international operations and served as managing director for 3M Indonesia. Equity grants most commonly vest immediately, or cliff-vest after one year. "Definitive Proxy Statement, Apple 2021. For example, some of the qualities Wal-Mart says its looking for in board members include:"outstanding achievement in their professional careers; broad experience and wisdom; personal and professional integrity; ability to make independent, analytical inquiries; experience with and understanding of the business environment; willingness and ability to devote adequate time to Board duties.". Eric joined 3M in 1997, and held several leadership positions in the Finance organization, primarily in Health Care and Electronics. You'll want to pursue networking both online and offline. Its members include current board members, aspiring board members, and corporations looking to hire board members. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. Learn how we're working to improve lives and make what's next at 3M.com/newsor on Twitter at@3Mor@3MNews. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. The compensation analysis excludes any temporary reductions to director compensation implemented due to the pandemic. Inspired, passionate leaders have the power to transform, Jeff says. "We are very pleased to further strengthen 3M's board with two highly accomplished, world-class leaders," said 3M chairman and CEO Mike Roman. Really nervous. As a member of Board of Directors at 3M CO , Vance D. Coffman made $107,459 in total compensation. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. 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. 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. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. Its about supporting constant iteration, until a point you make yourself obsolete.. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Rogers Corporation Board of Directors She currently serves as Adjunct Professor of Executive Education at the Kellogg School of Management, Northwestern University, and is currently a member of the Dallas Mavericks Advisory Council, Business and Community Advisory Council of the Federal Reserve Bank of Dallas, and the Committee of 100. She has been married more than 20 years, with two teenage kids. 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. 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. He enjoys pushing himself mentally and physically in a broad range of athletics. The report recommended that companies start compensating board directors with cash and equity. Hood is responsible for leading the companys worldwide finance organization, including business operations, acquisitions, treasury, tax planning, global real estate, accounting and reporting, internal audit and investor relations. Rogers adds, Board members are the representatives of the shareholders, and it is their fiduciary duty to oversee the affairs of the corporation, including overall performance and fiscal strength, and to serve as a consultant for managementparticularly with respect to the strategic and operational directives of the company.. 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. Leadership is facilitating and embracing evolution, and accompanying the paths for change, Karina says. 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. The estimated total pay for a Director at 3M is $346,118 per year. He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. PDF 3M Company Board of Directors Compensation and Talent Committee Charter A corporation is a separate legal entity from its owners. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. 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. VUL^07d=xy2 *'..j(( Hs00 At 3M, we promise to treat your data with respect and will not share your information with any third party. 3M News Center - Press Releases 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. St. Paul, MN 55144-1000 John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. Engage in conversations about Director pay with other professionals in the community. 3M CO Board Member Vance D. Coffman | Salary.com Mr. Brown served in various leadership capacities in global purchasing since joining Ford in 1999. "U.S. company directors compensated more than ever, but now risk backlash.". Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. During his assignment as the laboratory head in India, Ashish was responsible for establishing its first product development laboratory and capabilities. This compensation may impact how and where listings appear. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. 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. About3M 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. These include white papers, government data, original reporting, and interviews with industry experts. These descriptions are fairly generic. 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 . Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. Suzan Kereere elected to 3M Board of Directors - Feb 9, 2022 Country Governance and Services comprises Global Country Leadership, the Workplace Group, Global Service Centers, and 3Ms Emerging Markets. "People from all backgrounds and experiences work together and create new and differentiated solutions to solve our customers' and their customers' problems -- across so many industries and geographies.". Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. 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. She is currently a member of the Dallas Mavericks Advisory Council, Business and Community Advisory Council of the Federal Reserve Bank of Dallas, and the Committee of 100. He served in that role until 2012, when he became global business director for 3M's Industrial Adhesives and Tapes Division. Director Compensation Practices offers a comprehensive set of benchmarking data and analysis needed to inform the board pay design process. Lodestone Global. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. 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). He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. The company is strengthening environmental stewardship with a $1 billion commitment to achieve carbon neutrality, reduce water use, improve water quality and reduce its use of plastics. 3M Expands Board of Directors - ISSA For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. 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, Leadership is about connecting with and inspiring others to achieve their best, Mark says. 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. 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. President Joe Biden intends to name Karen Lynch, CEO of CVS Health, to his Export Council. 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. 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 . Board of Directors | Medtronic Prior to her current role, Ms. Kereere served as Fiservs Chief Growth Officer, leading strategy and business development to enhance client value and accelerate growth. 3M - Department of Defense Data Reveals No Hearing - investors.3m.com He joined 3M in 1988 as a senior design engineer. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. 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 the compensation for the CEO and other senior executives, . 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. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. 3M - Governance - Committee Composition Working globally, and having led in United States, West Europe, and Asia Pacific, he has always focused on maximizing value for customers, employees, and shareholders. He can also be found running, antiquing, reading science fiction and spending time with his family. The estimated additional pay is $169,271 per year. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. You can sign up for additional alert options at any time. 3M Definitive Proxy Statement 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: the large-cap median increased 1.6% to $290,000, the mid-cap median increased 1.7% to $216,950, and the small-cap median increased 5.1% to $163,500.

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