Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. Really nervous. President Joe Biden intends to name Karen Lynch, CEO of CVS Health, to his Export Council. Sleep, Mike jokes, though he will say more seriously that he tries to focus his energies where they will do the most good. Mr. Pizarro is a vice chairman of the Edison Electric Institute, a director of the Electric Power Research Institute, a member of the Electricity Subsector Coordinating Council, and a Trustee of the California Institute of Technology. Mr. Pizarro is on the board of the following public company in addition to 3M: Edison International. In his spare time, he dedicates himself to being a loving husband and father and growing his family. Prior to that, Mr. Roman served as Executive Vice President and Chief Operating Officer of 3M Company from July 2017 to June 2018, Executive Vice President of 3Ms Industrial Business from May 2014 to June 2017, and Senior Vice President of Business Development from May 2013 to May 2014, with responsibility for 3Ms strategic roadmap. 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. Incorporation is the legal process by which a business entity is formed. 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. Ms. Chow also has a long track record of community leadership involvement in strategic board and advisory work focused on driving success at the intersection of people, culture, and technology. He serves on the board of Abbott Laboratories and on the University of Minnesota Foundation Board of Trustees. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. Board of Directors | Committees | Abbott U.S. 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. 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. You may also find the annual proxy statement by going directly to the company's website. 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. "3M is a globally diverse company in so many dimensions," Ashish says. To effectively drive growth, it is important to keep the customer at the center of everything we do. 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 . This would be in addition to the peer group benchmarks (what other CEOs make) that the company uses to determine CEO compensation. USW Proposal Spotlights Excessive 3M CEO Compensation 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. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. 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. Retired Chairman of the Board and Chief Executive Officer The Kroger Co., a large retailer that operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the U.S. Mr. Dillon retired as Krogers Chairman of the Board on December 31, 2014, where he was Chairman of the Board since 2004 and was the Chief Executive Officer from 2003 through 2013. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. Mr. Roman served as Chief Executive Officer of 3M Company from July 2018 to May 2019. In 2008, he returned to the U.S. to become vice president and general manager of Aearo Technologies LLC, which 3M acquired that year. That year's top payer was Goldman Sachs Group Inc., which paid its directors an average of $599,279. 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 The estimated total pay for a Director at 3M is $345,577 per year. "People achieve great things when they are embraced and valued; when they are connected, not isolated; and when their intelligence and imagination are unleashed". 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 . Bldg. 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. Kevin and his wife Melinda have three adult children. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. Ownership guidelines are typically enforced via a years-to-achieve rule (66% prevalence), a retention/holding requirement (11% prevalence), or a combination of the two (23% prevalence). %%EOF A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. 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. Chicago, IL 60603. Retired Group Vice President, Global Purchasing, Ford Motor Company, a global automotive industry leader. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. He received his J.D., magna cum laude, from Northwestern University; and his B.A. That's a 43% increase over 10 years. A. Leonteq publishes agenda and proposal of the Board of Directors for the 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. You must click the activation link in order to complete your subscription. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. As an outside director, you could bring a fresh perspective to a corporate board and leverage your years of experience as an executive into a satisfying new project that still leaves you with enough time to do your day job or enjoy your retirement. Aside from the financial compensation, your reward will be having substantial input into major decisions made by the company, such as executive hires, policies on dividends and stock options, and executive payall while representing the best interests of management and shareholders. Corporate boards are made up of highly successful executive outsiders. As a member of Board of Directors at 3M CO , Thomas made $320,487 in total compensation. Investopedia requires writers to use primary sources to support their work. 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 . Pedro Pizarro has been President and CEO of Edison International, the parent company of Southern California Edison (SCE), one of the nation's largest electric utilities, since 2016. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. I am extremely thankful for the company and leaders I work for at 3M, Eric says. Bldg. He enjoys pushing himself mentally and physically in a broad range of athletics. Possessing a wealth of experience in manufacturing and supply chain operations, Peter previously held senior-level executive positions at Mattel, Starbucks and ICI Paints North America. Definition, What's In It, and Voting, Non-Executive Director Role and Responsibilities Defined, Fiduciary Definition: Examples and Why They Are Important, Private Company Board Compensation Survey. "Anne has decades of experience in technology and business, and a proven track record of transforming global organizations and community engagement. The Company assumes no obligation to update or revise any forward-looking statements. 224-1W-02 Board of Directors: What It Is, What Its Role Is, Incorporation: Definition, How It Works, and Advantages, Audit Committee: Definition, How They're Used, and Purpose, What Is a Proxy Statement? You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. AP6D. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. Ms. Kereere is also a longtime champion for equity and inclusion in business and society. Corporate Governance - Board of Directors - Mastercard <> She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. 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. 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. Dillon served as President from 1995 to 2003 and was elected Executive Vice President in 1990. Description 3M Co. 3M Co. is a technology company, which manufactures industrial, safety, and consumer products. 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. 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. You'll want to pursue networking both online and offline. For him, that comes down to business/market analysis and team success. Effective July 1, 2022, Jeff is also leading 3Ms Health Care Business Group on an interim basis.
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