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. Personal health and fitness are his passion. 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. Apples non-employee directors each receive approximately $250,000 worth of restricted stock units per year, which are granted at the annual shareholder meeting and vest on Feb. 1 of the following year. Posted by Michael Ferrante and Connor Damon, FW Cook, on, Harvard Law School Forum on Corporate Governance, Prevalence of annual limits on director compensation remains high, with equity-only limits continuing to be the most common approach, though use of total compensation limits. The median decrease in director compensation was 50% at S&P 500 companies and 40% at Russell 3000 companies. As 3Ms senior vice president and chief strategy officer, Karina Chavez leads several functions including strategy, brand, design, sponsorships and events, and communications for the $32 billion science-based company. The brands listed above are trademarks of 3M. 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. 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. By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. 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. 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. "Private Company Board Compensation Survey. Help make it more accurate by adding yours. For its 2021 fiscal year, 3M CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mr. Dillon served as a Director of the Kroger Co. from 1995 through 2014. You may also find the annual proxy statement by going directly to the company's website. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. Equity grants most commonly vest immediately, or cliff-vest after one year. I have been an Office Manager 21 yrs. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. You can sign up for additional alert options at any time. Jeff Lavers is the group president of 3Ms Consumer Business Group. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The median board retainer for large-cap companies increased slightly by $2,500 to $92,500 and remained flat at mid-cap and small-cap companies (at $75,000 and $60,000, respectively). 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. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. The most common director ownership guideline is 5x the annual cash retainer with a 5-year timeframe to meet the guideline. 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. 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 retired from Ford on August 1, 2013. 3M has added Suzan Kereere to its board of directors. 6 yrs at my current company. The Company assumes no obligation to update or revise any forward-looking statements. President Joe Biden intends to name Karen Lynch, CEO of CVS Health, to his Export Council. 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. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. The new 2022 third edition of the survey contains over 1,200 responses, an increase of about 300 participants from the prior full version of the . 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. Retired Group Vice President, Global Purchasing, Ford Motor Company, Retired Chief Executive Officer, AT&T Business, Retired Chief Financial Officer, Accenture. During his assignment as the laboratory head in India, Ashish was responsible for establishing its first product development laboratory and capabilities. You will compete for board positions with people who have been extremely successful at a young age. 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. He previously led the construction and home improvement business, and the companys corporate marketing and sales organization. Its about supporting constant iteration, until a point you make yourself obsolete.. She is married with two teenage children, and enjoys hiking, baking, and exploring the world with her family. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. Retired Chairman of the Board and Chief Executive Officer, United Parcel Service, Inc., a provider of specialized transportation and logistics services. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. 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. Karina led strategic planning for the companys international operations and served as managing director for 3M Indonesia. Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. Michael Ferrante and Connor Damon are consultants at FW Cook. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. "People achieve great things when they are embraced and valued; when they are connected, not isolated; and when their intelligence and imagination are unleashed". 3M provides a match up to a certain percent, 3M is a global science company that never stops inventing. endobj Approximately 94% of companies denominate equity awards as a dollar value rather than as a fixed number of shares. To effectively drive growth, it is important to keep the customer at the center of everything we do. Aptiv PLC (Compensation and Human Resources, and Nominating and Governance committees) Additional Positions. She also worked at the World Bank in Washington, D.C. from 1993 to 1995. Ashish serves as a member of the board of directors of Constellation and on the Deans advisory board for the College of Science and Engineering at the University of Minnesota. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ ", Veritas. Look for a gap in expertise that might be left when a current board member steps down. The information shown here is a reporting of information included in the company's proxy statement. 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. Mike holds a masters degree in Electrical Engineering from the University of Southern California, and a bachelors degree from the University of Minnesota. In connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. 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.. 3M Expands Board of Directors February 14, 2022. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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. <> The Board is mainly comprised of outside, independent directors. 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. You'll want to pursue networking both online and offline. Mr. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. Eric serves on the boards of the U.S. Chamber of Commerce, St. Paul & Minnesota Foundation, and National Association of Manufacturing.

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