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. 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. 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. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. The Birmingham Water Works Board (BWWB) is taking multiple chemical companies to federal court in South Carolina, accusing them of contaminating Birmingham's drinking water supply - which was . Outside of work, Peter enjoys hiking, reading, and supporting the Glasgow Celtic soccer club and serves on the boards of CP Kelco and the Jesuit School of Theology of Santa Clara University. Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. 3M has added Suzan Kereere to its board of directors. For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. Leonteq publishes agenda and proposal of the Board of Directors for the PDF 3M Company Board of Directors Compensation Committee Charter (As Three years later, he was tapped to lead 3M's corporate research lab. The estimated total pay for a Director at 3M is $346,118 per year. 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 executive officer of Edison International, have been elected to 3M's Board of Directors, effective Feb. 9, 2023. His team supports the success of the 3M Operating Model, ensuring strong customer and employee engagement globally, protecting the reputation of 3M, providing world global services, while driving the companys workplace transformation strategy. Sales Compensation Trends Revealed in New Survey. investorrelations@3M.com. "Few Hours, Soaring Pay for Corporate Board Members.". 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. 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 . 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, . stream x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ The report is complemented by an online dashboard, which enables users to delve into the most recent corporate disclosures by Russell 3000 companies and review individual elements of compensation packages, supplemental compensations for committee service . 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. 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. View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City. 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. You'll want to pursue networking both online and offline. 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. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Exelon Corporation. 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). It claims that including the USW proposal would involve "significant time, cost and resource . 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. USW Proposal Spotlights Excessive 3M CEO Compensation 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. To effectively drive growth, it is important to keep the customer at the center of everything we do. Download required. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. 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. 3M Company Board of Directors Compensation Committee Charter (As Affirmed February 5, 2019) A. For its 2021 fiscal year, 3M CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. I have been trying to get a review ever since and no one will say what is going on. "People from all backgrounds and experiences work together and create new and differentiated solutions to solve our customers' and their customers' problems -- across so many industries and geographies.". 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. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. Only outside directors get compensation specifically for serving on the board. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. He served in that role until 2012, when he became global business director for 3M's Industrial Adhesives and Tapes Division. Your strategy to get noticed and be considered for board membership should be similar to the strategy it takes to secure any high-level position. 3M Investor Relations Department You must click the activation link in order to complete your subscription. The estimated base pay is $176,111 per year. As a CTO, Ashish led the global 3M team of over 8,000 scientists and engineers. hb```e``3,00```T~s@@(` from Grinnell College. Anne Chow and Pedro Pizarro elected to 3M Board of Directors 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.. Jeff earned his bachelor of business administration degree in marketing and finance from the Robert O. Anderson School of Management at the University of New Mexico, Albuquerque. 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. 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.. Outside directors who hold certain board positions receive an additional annual retainer:$35,000 for the lead independent director; $25,000 for audit committee members and for compensation, nominating, and governance committee members; and $20,000 for strategic planning and finance committee chairs and for technology and eCommerce committee chairs. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. endobj 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. 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. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. Lodestone Global. Learn how this feature works. Bldg. 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 . The report recommended that companies start compensating board directors with cash and equity. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Corporate boards are made up of highly successful executive outsiders. 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 . He served as Coca-Colas Chief Executive Officer from July 2008 to April 2017. The average salary for a Director is $129,368 per year in United States, which is 62% lower than the average 3M salary of $346,118 per year for this job. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. The more qualifications you can bring to the table, the better. Zoe is a chartered member of Chartered Institute of Personnel & Development. Bldg. Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. At 3M, we promise to treat your data with respect and will not share your information with any third party. Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. Unsurprisingly, the board disagrees with the USW proposal. 3M Company Board of Directors Compensation Committee Charter (As Amended February 10, 2003) A. 224-1W-02 Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. The Company assumes no obligation to update or revise any forward-looking statements. He was a senior research chemist in the Visual Systems Division before joining 3M Italy as a product development engineer. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. Hood joined Microsoft in 2002, and through her tenure with the company has advanced momentum in cloud and helped digitally transform the company. 0 You can sign up for additional alert options at any time. Thorough reviews have been conducted to assure this data accurately reflects disclosures. "3M is a globally diverse company in so many dimensions," Ashish says. 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. 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. In January 2020, Environmental Responsibility was added to his role, including the Environment, Health and Safety organization. President and CEO, Edison International, the parent company of Southern California Edison (SCE), one of the nations largest electric utilities, since 2016. 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, 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. 224-1W-02 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. Page also serves as non-executive Chairman of the Board of Corteva Agriscience. You may also find the annual proxy statement by going directly to the company's website. In 2011, he became executive vice president of the Consumer Business Group, and in 2016 was appointed executive vice president of the Health Care Business Group. Investopedia requires writers to use primary sources to support their work. He served in that role until 2012, when he became global business director for 3Ms Industrial Adhesives and Tapes Division. Kereere currently serves as head of global business solutions for Fiserv Inc. She has more than 20 years of international business leadership experience, previously working in executive leadership positions with such companies as Visa and American Express before joining Fiserv. John and his team also oversee 3Ms environmental responsibility efforts, with a focus on advancing environmental stewardship and accelerating 3Ms environmental commitments. 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. 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. Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. 3M - Governance - Governance Documents 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 Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com She has lived and worked around the world for 3M, including in Asia Pacific, Europe and the United States. 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. oYgd=??/_C|72KFSI. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. Inspired, passionate leaders have the power to transform, Jeff says. Ms. I am extremely thankful for the company and leaders I work for at 3M, Eric says. 3Ms culture brings together passionate people with purpose and strategy to solve some of the worlds toughest challenges.. Private company board compensation programs have two common cash components: An annual retainer (the amount paid to each eligible director on an annual or quarterly basis for board service) is offered by 71% of private companies surveyed. Obviously, if there is a crisis or a strategic issuefor example, an acquisitionthe number of hours for a director can dramatically increase, Rogers says. 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. Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. After spending almost two years with Aearo integrating it into 3M, Mike became managing director of 3M Brazil in 2009. She earned her degree in manufacturing engineering from Brunel University London, and diploma in personnel management from Thames Valley University. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. In this role, he leverages his many years of experience as both a technology and business leader. 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. % "U.S. company directors compensated more than ever, but now risk backlash.". They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. 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. I took some time to think about it because the emotions of the time were raw and real, Garfield said. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. 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. St. Paul, MN 55144-1000 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. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. 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. She earned a B.A. His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 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. 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. "Definitive Proxy Statement, Apple 2021. Country Governance and Services comprises Global Country Leadership, the Workplace Group, Global Service Centers, and 3Ms Emerging Markets. Erics last role was Group President of Enterprise Operations, where he led global Manufacturing and Supply Chain for 3M, driving end-to-end optimization. %%EOF The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. Leadership is about serving more than yourself, he says. Lead, Columbia University's SIPA Tech & Policy Initiative; . Board of Directors | Committees | Abbott U.S. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. Eric joined 3M in 1997, and held several leadership positions in the Finance organization, primarily in Health Care and Electronics. Here are a couple of examples of what Fortune 500 companies pay their board members. Averages based on self-reported salaries. How can I negotiate if they say the offer is off, Planning to bid on a house - 1.3M, with a base salary of 210K - in Seattle.. Worth it?

Lays Crisps Flavours Spain, Stages Of Change Scenario Activity, Articles OTHER