Sleep, Mike jokes, though he will say more seriously that he tries to focus his energies where they will do the most good. Due to the COVID-19 pandemic, 15% of S&P 500 companies and roughly 13% of Russell 3000 companies reported taking pay actions through the third quarter of 2020, which generally consisted of cash retainer reductions. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. In connection with Ms. Kereere's election, the Board of Directors . You can learn more about the standards we follow in producing accurate, unbiased content in our. President and CEO, Edison International, the parent company of Southern California Edison (SCE), one of the nations largest electric utilities, since 2016. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. periodically receive reports on the status of Board compensation in relation to other large U.S. companies and is responsible for recommending to . She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. Prior to GE, Monish gained experience at A.F. 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. Investopedia requires writers to use primary sources to support their work. Make sure your resume states what you will specifically bring to the table as a board member.. Mike Vale leads 3Ms Safety & Industrial Business Group, which includes personal safety, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. Mike became chairman of the board in May 2019 and chief executive officer in July 2018. Approximately 80% of the sample uses a retainer-only structure (no board meeting fees), and an additional 6% only awards a meeting fee for abnormally high activity above a pre-set threshold. Mike serves as a member of the board of directors of The Toro Company and is a former trustee of the Science Museum of Minnesota. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. Investopedia does not include all offers available in the marketplace. The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). "We are very pleased to further strengthen 3M's board with two highly accomplished, world-class leaders," said 3M chairman and CEO Mike Roman. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Personal health and fitness are his passion. 3m Compensation Plan For Non-employee Directors During his leadership, this business was transformed through a thorough portfolio prioritization and diversification in fast growth segments, becoming a strong contributor to the company results. I feel blessed and give everything I have to leave 3M in a better place, every day.. A leadership position had been created to advance more of the companys equity initiatives and they wanted to know if he would like to be considered. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Look for a gap in expertise that might be left when a current board member steps down. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. During his assignment as the laboratory head in India, Ashish was responsible for establishing its first product development laboratory and capabilities. 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. I was offered a promotion & salary increase (66k to 96k) in Dec but then in Jan the company fired my country VP who made the offer. 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 Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. 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. He returned to the Visual Systems Division before another posting in Italy as a laboratory and project manager. Prior to 3M, Mark served as Chief Information Officer for Abbott Laboratories where he had global responsibilities for Abbotts technology landscape. Michael Ferrante and Connor Damon are consultants at FW Cook. 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. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. 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. 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. 3M Investor Relations Department
Throughout her life and career, Karina has lived and worked around the world. He serves on the boards of Special Olympics International, Cambridge China Development Trust, Council on Foreign Relations, and Emory University. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com Dr. Moyo earned a bachelors degree in chemistry and MBA degree in Business Administration from American University, an M.P.A. 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. 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.. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. FW Cooks 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 3M Definitive Proxy Statement 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. 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. Really nervous. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. c/o Abbott Corporate Secretary. SAI KRISHNA.docx - IBM Board of Directors (PAGE 10) PDF 3M Company Board of Directors Compensation and Talent Committee Charter ", Reuters. You can sign up for additional alert options at any time. Ms. Craig served as Accenture's CFO from 2006 through 2013, following her many other leadership roles in line management, consulting and operations at Accenture during her 34 years with 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. The board chair receives an additional $200,000; the audit committee chair receives an additional $35,000; the compensation committee chair receives an additional $30,000, and the nominating committee chair receives an additional $25,000. In 2018, he was inducted into the Intellectual Property Hall of Fame by the IP Hall of Fame Academy. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. After submitting your request, you will receive an activation email to the requested email address. 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. 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. 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. 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. Eric Hammes is 3Ms executive vice president, chief country governance and services officer. The estimated additional pay is $170,007 per year. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. All proxy statements are public filings made available to the general public by the SEC. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. 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. 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.
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