It regularly meets in executive session, without the presence of Rogers' management. Mr. Ferguson & Co, a former KPMG affiliate. 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. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Really nervous. The estimated total pay for a Director at 3M is $345,577 per year. Bldg. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. Know Your Worth. 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. On Fishbowl, you can share insights and advice anonymously with 3M employees and get real answers from people on the inside. [email protected]. About3M 3 0 obj For its 2021 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC. Mike and his family enjoy a variety of physical fitness and outdoor activities. If the company wasnt serious about action, then I wouldnt be the right candidate., Listening to our communities: The diverse voices and perspectives of 3M's Community Coalition, During his 33-year tenure at 3M, Global Diversity and Inclusion Strategist Scott Morris has never been more excited to be a part of a company and movement that is helping affect peoples lives. 3M CO Board Member Muhtar Kent | Salary.com News & Views 2/17/2022 3M Adds To Board Of Directors. He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. My new VP is in the company less than 6m and in the position 3m. The Company assumes no obligation to update or revise any forward-looking statements. Prior to joining 3M in 2001, Kevin was a partner at Kirkland & Ellis in Chicago. Equity grants most commonly vest immediately, or cliff-vest after one year. Director Compensation Practices offers a comprehensive set of benchmarking data and analysis needed to inform the board pay design process. 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. The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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. 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. 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. 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. 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. %PDF-1.7 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. Leadership is about connecting with and inspiring others to achieve their best, Mark says. He previously led the companys litigation function, and served for more than ten years as chief intellectual property counsel, with responsibility for managing the global intellectual property assets of 3M and its worldwide affiliates. Unsurprisingly, the board disagrees with the USW proposal. 3M Expands Board of Directors February 14, 2022. She 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. 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. He retired as Chairman of the Board and Chief Executive Officer at the end of 2007 but remained as a director of UPS until December 31, 2014. Mr. Roman also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. The brands listed above are trademarks of 3M. Description 3M Co. 3M Co. is a technology company, which manufactures industrial, safety, and consumer products. She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. "I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. ", Reuters. Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. 3M CO Board Member Thomas | Salary.com MMM | 3M Co. Company Profile & Executives - WSJ Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. 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. Kevin is a champion for diversity and inclusion in the legal profession, growing talent and serving communities. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. 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. In January 2020, Environmental Responsibility was added to his role, including the Environment, Health and Safety organization. Ms. Craig is on the boards of the following public companies in addition to 3M: Corning, Inc.; Merck & Company; Progressive (Insurance) Corporation. I am extremely thankful for the company and leaders I work for at 3M, Eric says. By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. In 2003 he joined McKinsey & Company, and in 2007 rejoined 3M and assumed responsibility for the overall planning and implementation of corporate strategic initiatives. Kevin and his wife Melinda have three adult children. She 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. Retired Chairman and Chief Executive Officer of Cargill. Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. The average mix across the entire sample is 43% cash and 57% equity. U.S. Securities and Exchange Commission. Opening up lines of communication to a second- or even third-degree connection could lead to an excellent fit for the board position you seek. 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. 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 . Leadership is about serving more than yourself, he says. 3M has added Suzan Kereere to its board of directors. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Leaders serve by creating an inclusive environment which values diverse perspectives, teamwork and innovation. In 1996, the National Association of Corporate Directors (NACD) issued the Blue Ribbon Commission Report on Director Professionalism, which had a great influence on board member compensation practices. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. Our household income is $240k and have $400k for down payment after selling all stocks. Over the years, his career with 3M has sent him abroad four times for varied roles, including research chemist, manufacturing director and general manager. 3M Adds To Board Of Directors - CleanLink Board of Directors | Committees | Abbott U.S. This would be in addition to the peer group benchmarks (what other CEOs make) that the company uses to determine CEO compensation. "People achieve great things when they are embraced and valued; when they are connected, not isolated; and when their intelligence and imagination are unleashed". PDF 3M Company Board of Directors Compensation Committee Charter (As I have been an Office Manager 21 yrs. The median decrease in director compensation was 50% at S&P 500 companies and 40% at Russell 3000 companies. If you experience any issues with this process, please contact us for further assistance. 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.