Retired Chief Financial Officer, Accenture plc., a global management consulting, technology services and outsourcing company. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. endobj
Walmart's current board members include Cesar Conde, 47, chair of NBCUniversal, and Marissa Mayer, 46, who is well-known for the high positions she achieved at Google and Yahoo. That's a 43% increase over 10 years. Mr. Roman also has held numerous leadership positions in Asia Pacific and Europe, across multiple businesses. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees.
3M - Governance - Corporate Officers - 3M - IR Home SAI KRISHNA.docx - IBM Board of Directors (PAGE 10) She currently serves as Lead Director on the Board of Directors for FranklinCovey and as Adjunct Professor of Executive Education at the Kellogg School of Management, Northwestern University. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year.
3M CO Board Member Muhtar Kent | Salary.com For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. 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). 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. Page served as Executive Director of Cargill from 2015 to 2016, Executive Chairman from 2013 to 2015, Chief Executive Officer from 2007 to 2013, and President from 2000 to 2007. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Ms. Chow earned her bachelor's and master's degrees in electrical engineering, and a master's degree in business administration, from Cornell University. Bldg. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. The 3M board of directors is mostly composed of former CEOs. Dr. Moyo earned a bachelors degree in chemistry and MBA degree in Business Administration from American University, an M.P.A. Hornbaker says attending committee meetings might be another responsibility. The company is strengthening environmental stewardship with a $1 billion commitment to achieve carbon neutrality, reduce water use, improve water quality and reduce its use of plastics.
Director Compensation - The Conference Board Kevin Rhodes is Executive Vice President and Chief Legal Affairs Officer, overseeing legal, compliance, government affairs and global security matters for 3M. Mr. Pizarro served as president of SCE from 2014 to 2016. CleanLink News. ST. PAUL, Minn., Feb. 9, 2022 /PRNewswire/ -- 3M (NYSE: MMM) announced today that Suzan Kereere, Head of Global Business Solutions at Fiserv, Inc., has been elected to 3M's Board of Directors, effective February 10, 2022.In connection with Ms. Kereere's election, the Board of Directors increased its size from 12 to 13 members. She also has a long track record of community leadership involvement in strategic board and advisory work focused on driving success at the intersection of people, culture, and technology. The report recommended that companies start compensating board directors with cash and equity. Ms. Its that excitement, mixed with his incredible passion and leadership, that has led to some of 3Ms biggest equitable actions in the past year. Words such as plan, expect, aim, believe, project, target, anticipate, intend, estimate, will, should, could, forecast and other words and terms of similar meaning, typically identify such forward-looking statements. Help make it more accurate by adding yours. endstream
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Dr. Moyo is a global economist and author who analyzes the macroeconomy and international affairs. 3M provides a match up to a certain percent, 3M is a global science company that never stops inventing. [Br*L7r/Nv&rrzDGx0V:o,eIY^'(O
>vXT cct"o3jvYEfp.w$}0BirMZIHI6M)9z?eOtp'pON{~YN>=mCs:a'heTb\G. She has been married more than 20 years, with two teenage kids.
2020 Director Compensation Report - The Harvard Law School Forum on Director compensation structure remains consistent with prior years, with an average mix of 57% equity and 43% cash across the entire sample. from Grinnell College. 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. 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 . 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. 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. 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. 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. A corporation is a separate legal entity from its owners. The estimated additional pay is $170,007 per year. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. 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. 3M Company Board of Directors Compensation Committee Charter (As Affirmed February 5, 2019) A. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. 3Ms purpose drives its performance, and the company is advancing four strategic priorities to support long-term value creation: Portfolio Management, Transforming the 3M Operating Model, Growth through Innovation, and People and Culture. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. He holds a bachelors degree in Physics from University of Edinburgh and a masters degree in Business Administration from Strathclyde Business School in Glasgow, Scotland.
3M News Center - Press Releases Know Your Worth. A non-executive director is a member of a company's board of directors who is not part of the executive team.
How Should Board of Directors' Compensation Be Handled? - Diligent Ive been fortunate enough to see this company from many, many anglesand 3M is impressive no matter where you are in the world.. "2020 Proxy Statement," Page 12. Hood has acted as a strategic partner to Microsoft CEO Satya Nadella, propelling long-term financial growth, championing culture and driving corporate initiatives including Microsofts climate and affordable housing commitments, that have bolstered the companys broader ecosystem. 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. After spending almost two years with Aearo integrating it into 3M, Mike became managing director of 3M Brazil in 2009. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. Retired Group Vice President, Global Purchasing, Ford Motor Company, a global automotive industry leader. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. The estimated base pay is $176,111 per year. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. Inspired, passionate leaders have the power to transform, Jeff says. 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. As a member of Board of Directors at 3M CO , Vance D. Coffman made $107,459 in total compensation. 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. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. St. Paul, MN 55144-1000
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. 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.