Ms. Chow has led global organizations through major transformations with decades of strategic and operational experience serving the business marketplace, including roles as president, AT&T National Business and president, and AT&T Integrator Solutions. Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing 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. Another example would be compensation meetings to discuss compensation plans and awards.. 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. 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. At 3M, we promise to treat your data with respect and will not share your information with any third party. Michael Ferrante and Connor Damon are consultants at FW Cook. At 3M, we promise to treat your data with respect and will not share your information with any third party. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. We believe that good corporate governance serves the long-term interests of stockholders, strengthens the Board and management, and further enhances the public trust 3M has earned from more than a century of operating with uncompromising integrity and doing business the right way. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. Jeff has lived and worked internationally for 3M, and always with a great passion on exceeding customer expectations. 2 0 obj It claims that including the USW proposal would involve "significant time, cost and resource . She also worked at the World Bank in Washington, D.C. from 1993 to 1995. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. 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. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. 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. The estimated additional pay is $169,271 per year. "Private Company Board Compensation Survey. Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing. 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. 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. hb```e``3,00```T~s@@(` 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. Mr. Pizarro served as president of SCE from 2014 to 2016. In 2001, Mike returned to the U.S. as one of 3Ms first Six Sigma master black belts. Those two years, he says, are what really grounded him in company-wide priorities. She served as the CEO of AT&T Business from 2019 to 2022 after having served in various executive leadership positions at AT&T since 2000. "U.S. company directors compensated more than ever, but now risk backlash.". Investopedia requires writers to use primary sources to support their work. Personal health and fitness are his passion. The 3M board of directors is mostly composed of former CEOs. This would be in addition to the peer group benchmarks (what other CEOs make) that the company uses to determine CEO compensation. endobj investorrelations@3M.com. Ms. Chow is on the board of the following public company in addition to 3M: FranklinCovey. Its about supporting constant iteration, until a point you make yourself obsolete.. You must click the activation link in order to complete your subscription. Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. 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. "I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. 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. As executive vice president, chief technology officer and environmental responsibility, Dr. John Banovetz leads more than 8,000 scientists who connect 3Ms 51 technology platforms to solve the real-world needs of customers around the world. 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. 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. 3Ms culture brings together passionate people with purpose and strategy to solve some of the worlds toughest challenges.. 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. The brands listed above are trademarks of 3M. In November 2021, Karina assumed her current role as senior vice president and chief strategy officer. He joined 3M in 1987 as a health care sales representative. It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. The median annual retainer is $30,000, up from $28,000 in 2020. Ms. Chow served as the CEO of AT&T Business from 2019 to 2022 after having served in various executive leadership positions at AT&T since 2000. 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. 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. Dr. Moyo was Chief Executive of Officer of Mildstorm LLC, a financial and economics firm, from 2015 to 2021. 6 yrs at my current company. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. 3M(NYSE: MMM) believes science helps create a brighter world for everyone. 3M (NYSE: MMM) announced today that Anne H. Chow, retired chief executive officer of ATT Business, and Pedro J. Pizarro, president and chief executive officer of Edison International, have been elected to 3M's Board of Directors, effective Feb. 9, 2023. The brands listed above are trademarks of 3M. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. How accurate is this most likely Total Pay range (base + additional) of $270K-$455K/yr? As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Page also serves as non-executive Chairman of the Board of Corteva Agriscience. 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. 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. This post is based on their FW Cook memorandum. 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. Pedro brings skills and experience in leading large companies and driving strategic improvements, and a deep understanding of the power of materials science to improve the world. From 1991 to 1997 he served as Executive Director, Purchasing and Transportation at QMS Inc. From 1976 to 1991 he served in various managerial roles at Digital Equipment Corporation. About3M What Is the Salary of the Federal Reserve Chair? 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. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. 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. In 2017 she was named global business director for 3Ms home improvement business, until 2020 when she became senior vice president for customer operations. After submitting your request, you will receive an activation email to the requested email address. Mike is most proud of seeing the success of coworkers and people he has mentored during his time at the company. As CEO, she was responsible for AT&T's Business Solutions organization that provided a full suite of business services across wireless, networking, cybersecurity, and advanced solutions, serving nearly 3million business customers in more than 200 countries and territories around the world. She has lived and worked around the world for 3M, including in Asia Pacific, Europe and the United States. 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 Similar to last year, 63% of companies provide additional compensation to committee members. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 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 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 his 35-year career with the company, he has played a key role in its transformation, from lower-margin, commodity businesses to one more deeply focused on higher-growth consumer demand-driven markets that value innovation. Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. 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 Outside of work, Monish enjoys reading, music, watching cricket, playing tennis or badminton and spending time with his family. Know Your Worth. Non-executive board chairs are almost always provided additional compensation for the role, with the median ranging from $72,500 at small-cap companies to $175,000 at large-cap companies. 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 earned her degree in manufacturing engineering from Brunel University London, and diploma in personnel management from Thames Valley University. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 3M has added Suzan Kereere to its board of directors. Incorporation is the legal process by which a business entity is formed. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. The following chart summarizes total non-employee director pay levels and market capitalizations of the 300 companies in our study (100 companies in each size grouping): The complete publication is available here. I have been an Office Manager 21 yrs. 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. St. Paul, MN 55144-1000 Retired Chairman and Chief Executive Officer of Cargill. View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City.

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