The estimated total pay for a Director at 3M is $346,118 per year. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. The brands listed above are trademarks of 3M. Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. Hood has acted as a strategic partner to Microsoft CEO Satya Nadella, propelling long-term financial growth, championing culture and driving corporate initiatives including Microsofts climate and affordable housing commitments, that have bolstered the companys broader ecosystem. 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. She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. 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. Attractive qualities include experience in high-level work for the federal government, positions as a CEO or director, experience founding and running a successful startup, and experience on other boards. Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. 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. For example, audit committees have regular meetings before public filings, she says. The offers that appear in this table are from partnerships from which Investopedia receives compensation. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. She has been married more than 20 years, with two teenage kids. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). St. Paul, MN 55144-1000 Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. As a CTO, Ashish led the global 3M team of over 8,000 scientists and engineers. To address this data deficiency, Compensation Advisory Partners (CAP) and Family Business and Private Company Director magazines conducts our Private Company Board Compensation and Governance Survey. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. 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, 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. Mr. Pizarro earned his bachelor's degree in chemistry from Harvard University and his Ph.D. in chemistry from the California Institute of Technology. Our household income is $240k and have $400k for down payment after selling all stocks. He most recently was Senior Vice President and Deputy General Counsel, advising senior management and the Board of Directors on legal issues. Executive search firms can streamline the process since theyll know about available positions. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mike joined the company in 1992, shortly after earning a Ph.D. in chemistry from M.I.T. Sleep, Mike jokes, though he will say more seriously that he tries to focus his energies where they will do the most good. Prior to 3M, she served as a business leader and consultant for various companies in Mexico and Europe. Leaders serve by creating an inclusive environment which values diverse perspectives, teamwork and innovation. Director compensation structure remains consistent with prior years, with an average mix of 57% equity and 43% cash across the entire sample. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. Retired Chairman of the Board and Chief Executive Officer, The Coca-Cola Company, the worlds largest beverage company. CleanLink News. Mr. Dillon served as President from 1995 to 2003 and was elected Executive Vice President in 1990. Ashish has a strong technical background and has authored 10 patents. He serves on the boards of Special Olympics International, Cambridge China Development Trust, Council on Foreign Relations, and Emory University. President Joe Biden intends to name Karen Lynch, CEO of CVS Health, to his Export Council. The more qualifications you can bring to the table, the better. <> 10 S. Dearborn St., 54th Floor. 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. 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 has decades of experience in technology and business, and a proven track record of transforming global organizations and community engagement. 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 The 3M board of directors is mostly composed of former CEOs. The estimated additional pay is $170,007 per year. Retired, Chief Executive Officer of AT&T Business, an organization that provided a full suite of business services across wireless, networking, cybersecurity, and advanced solutions, serving nearly 3 million business customers in more than 200 countries and territories around the world. In his spare time, he dedicates himself to being a loving husband and father and growing his family. She has lived and worked around the world for 3M, including in Asia Pacific, Europe and the United States. 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.. The proxy statement also says the company isseekingexpertise in governance, strategy, development, and execution; people who understand financial, operational and strategic issues facing large retail companies; global or international business experience; technology and e-commerce experience; marketing, brand management or public relations experience; finance, accounting, or financial reporting experience; or regulatory or legal experience. He holds a bachelors degree in Physics from University of Edinburgh and a masters degree in Business Administration from Strathclyde Business School in Glasgow, Scotland. Ms. Chow is on the board of the following public company in addition to 3M: FranklinCovey. Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. 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. 224-1W-02 Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. In January 2020, Environmental Responsibility was added to his role, including the Environment, Health and Safety organization. Here are a couple of examples of what Fortune 500 companies pay their board members. 3M is not only a world leader in innovation but was built on a foundation of strong ethics, customer centricity, a global mindset and a deep and diverse team, says Monish. 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 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 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. He was appointed to the Board of Directors in October 2009, and became Chief Executive Officer of Textron in December 2009 and Chairman of the . 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. Non-employee directors also receive an annual cash retainer of $100,000. 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. 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. A. 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. 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. He previously worked at St. Jude Medical for more than 15 years, holding multiple technology roles of increasing responsibility. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. You'll want to pursue networking both online and offline. 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. 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. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. She is deeply involved in the companys operations, as well as the strategy development and overall execution of the companys successful acquisitions of LinkedIn and GitHub. So what does he do when hes not in the office? "Definitive Proxy Statement, Apple 2021. Kereere has over 20 years of experience in leading global . In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. 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. 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. It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. He also served as a trustee on the board for University of St. Thomas and as a board member of the 3M Foundation in the past with particular focus on STEM (science, technology, engineering and math) education.. I wanted to make sure that the company was really serious about doing this work and that this was something I could see myself getting behind to make a difference because I have a bias for action. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. If you experience any issues with this process, please contact us for further assistance. 3M Investor Relations Department Tel: (651) 737-6523 A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. 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. Previously, Mr. Pizarro was president of Edison Mission Energy, an indirect subsidiary of Edison International, until the sale of its principal assets in 2014. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. As a member of Board of Directors at 3M CO , Vance D. Coffman made $107,459 in total compensation. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. He joined 3M in 1987 as a health care sales representative. 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 . 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. She joined 3M in 2008 as a marketing and public affairs manager for 3M Mexico, and has held roles of increasing responsibility in the United States, Asia and Latin America. This post is based on their FW Cook memorandum. 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. 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. My new VP is in the company less than 6m and in the position 3m. 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). 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. Bldg. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 102 0 obj <> endobj Hood joined Microsoft in 2002, and through her tenure with the company has advanced momentum in cloud and helped digitally transform the company. 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. 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.