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. 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. Mr. 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. Fixed retainers remain more prevalent than meeting fees as the means to deliver additional compensation. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. Retired Group Vice President, Global Purchasing, Ford Motor Company, a global automotive industry leader. In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? 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. Monish is a certified chartered accountant and a certified cost accountant from the Institute of Cost and Works Accountants of India. 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. He was most recently head of 3Ms Health Care Business Group, and prior to that led the companys Consumer Business Group. 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 . I have been an Office Manager 21 yrs. Three years later, he was tapped to lead 3M's corporate research lab. For him, that comes down to business/market analysis and team success. Mr. Pizarro served as president of SCE from 2014 to 2016. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. In his free time, Kevin enjoys travel, outdoor activities including fishing, hiking and gardening, and spending time with his family. He earned a bachelors degree from St. Josephs College of Commerce in Bangalore, India. 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. 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. Help make it more accurate by adding yours. A non-executive director is a member of a company's board of directors who is not part of the executive team. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. 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. The estimated base pay is $176,306 per year. Leadership is about serving more than yourself, he says. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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 oYgd=??/_C|72KFSI. Make sure your resume states what you will specifically bring to the table as a board member.. Mr. Fitterling was named CEO-elect of Dow in March 2018 prior to becoming CEO in July 2018, and he was elected chairman in April 2020. A board of directors (B of D) is the governing body of a company, elected by shareholders to set strategy and oversee management. Eric Hammes is 3Ms executive vice president, chief country governance and services officer. 1 0 obj 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. That year's top payer was Goldman Sachs Group Inc., which paid its directors an average of $599,279. Bldg. 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. Under Mikes leadership, 3M has also helped lead the worlds response to COVID-19, which includes distributing more than 4 billion respirators to protect nurses, doctors and first responders. All proxy statements are public filings made available to the general public by the SEC. Retired Chairman of the Board and Chief Executive Officer, The Kroger Co. A. Additional pay could include bonus, stock, commission, profit sharing or tips. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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 . Of this total $135,000 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 . Monish joined 3M as senior vice president and chief financial officer in July 2020 and was drawn to the company for its history of innovation, ethics and global reach. "We are very pleased to further strengthen 3M's board with two highly accomplished, world-class leaders," said 3M chairman and CEO Mike Roman. Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. ST. PAUL, Minn., Feb. 8, 2023 /PRNewswire/ -- 3M (NYSE: MMM) announced today that Anne H. Chow, retired chief executive officer of AT&T Business, and Pedro J. Pizarro, president and chief. ", Reuters. Investopedia requires writers to use primary sources to support their work. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . In early 2020, Garfield Bowen was leading global R&D operations and project management for one of 3Ms largest divisions when he got a call from the chief human resources officer a call that would completely change his career trajectory. 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. The brands listed above are trademarks of 3M. By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. investorrelations@3M.com. That's a 43% increase over 10 years. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. You can sign up for additional alert options at any time. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. You can sign up for additional alert options at any time. Karina led strategic planning for the companys international operations and served as managing director for 3M Indonesia. investorrelations@3M.com. 3M has added Suzan Kereere to its board of 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 approves the compensation for the CEO and other senior executives, . Mr. 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. 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. St. Paul, MN 55144-1000 I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. stream 3M Investor Relations Department 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. Boards aren't entirely made up of retirees and people nearing the end of their careers. 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. I have been trying to get a review ever since and no one will say what is going on. 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. He joined 3M in 1988 as a senior design engineer. 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. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. 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. As a member of Board of Directors at 3M CO, Muhtar Kent made $340,917 in total compensation. 6 yrs at my current company. Under his leadership, the company has committed to providing much-needed innovation and resources to address key sustainability challenges such as plastic waste and climate change. Its members include current board members, aspiring board members, and corporations looking to hire board members. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. Executive Vice President and Chief Financial Officer of Microsoft Corporation, a global technology company.