St. Paul, MN 55144-1000 Companies in all size segments continue to provide more than half of total pay in equity, on average, with equity weighting generally increasing with company size. These descriptions are fairly generic. 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. 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. She has been married more than 20 years, with two teenage kids. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. FW Cook's 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. 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. You must click the activation link in order to complete your subscription. SAI KRISHNA.docx - IBM Board of Directors (PAGE 10) 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 Health Care Business Group makes better health possible by delivering proven innovations in medical and oral care, health information systems, and food safety, enabling healthcare professionals to improve quality of care for millions of people around the globe. Monish is a certified chartered accountant and a certified cost accountant from the Institute of Cost and Works Accountants of India. (2005-2013) (alternate member of the Board of Directors, (1999 to 2005)) Previous experience. Ferguson & Co, a former KPMG affiliate. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 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. endobj endobj 3M Expands Board of Directors February 14, 2022. 3Ms culture brings together passionate people with purpose and strategy to solve some of the worlds toughest challenges.. Mr. Pizarro earned his bachelor's degree in chemistry from Harvard University and his Ph.D. in chemistry from the California Institute of Technology. View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City. 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.. She currently serves as Lead Director on the Board of Directors for FranklinCovey and as Adjunct Professor of Executive Education at the Kellogg School of Management, Northwestern University. 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, . Approximately 85% of companies have director ownership guidelines, while stock retention requirements are less common, present at 42% of companies. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. They will provide invaluable insight and perspective to our board as we continue to position 3M for the future.". IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Over the years, he has held various positions of increasing responsibility in corporate research and division labs. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. PDF 3M Board of Directors Nominating and Governance Committee Charter 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 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. Board of Directors | Corporate Governance | Dow Investor Relations 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. As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. 224-1W-02 Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. 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. In his spare time, he dedicates himself to being a loving husband and father and growing his family. CVS Health CEO tapped for Biden's Export Council Mr. 118 0 obj <>/Filter/FlateDecode/ID[<7EC0A6CD8E76974B8000B812351B4C61><50CA0BECC4E50243A657300F9E70214C>]/Index[102 22]/Info 101 0 R/Length 82/Prev 76119/Root 103 0 R/Size 124/Type/XRef/W[1 2 1]>>stream 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 also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com To effectively drive growth, it is important to keep the customer at the center of everything we do. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. 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. As a former Big, Mike is a long-time supporter of Big Brothers Big Sisters of America. Mr. Eskew was appointed Executive Vice President in 1999 and Vice Chairman in 2000 before becoming Chairman of the Board and Chief Executive Officer of UPS in January 2002. 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. 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. Retired Group Vice President, Global Purchasing, Ford Motor Company, a global automotive industry leader. What Is the Salary of the Federal Reserve Chair? Get a free, personalized salary estimate based on today's job market. "Definitive Proxy Statement, Apple 2021. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. This compensation may impact how and where listings appear. That's actually a 5% increase from the year before. 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. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Director is $129,368 per year in United States, The Ultimate Job Interview Preparation Guide. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. Edison International is also the parent company of Edison Energy, a portfolio of competitive businesses providing commercial and industrial customers with energy management and procurement services. Board of directors - Leadership and Governance - Exelon 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. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 3M CO Executive Salaries & Other Compensation | Salary.com He received his J.D., magna cum laude, from Northwestern University; and his B.A. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. ", Veritas. Executive Vice President and Chief Financial Officer of Microsoft Corporation, a global technology company. St. Paul, MN 55144-1000 A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests.
3m board of directors compensation