Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 He received his J.D., magna cum laude, from Northwestern University; and his B.A. The Board is mainly comprised of outside, independent directors. The information on this website, including any documents posted herein, contains a significant amount of information about 3M. He served as Coca-Colas Chief Executive Officer from July 2008 to April 2017. 3M Investor Relations Department St. Paul, MN 55144-1000 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. Creating an atmosphere that allows people to perform at their best, collaborate broadly and enrich their own perspective makes for powerful outcomes.. John has a Ph.D. in inorganic chemistry from Stanford University, and a bachelors degree in chemistry from Hamline University. She also worked at the World Bank in Washington, D.C. from 1993 to 1995. 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. 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. Prior to her current role, she served as senior vice president of Talent, Learning and Insights. % She previously held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021. IBM Board of Directors (PAGE 10) Director Nominees IBM's Board is composed of a diverse, experienced group of global 10 S. Dearborn St., 54th Floor. Here are a couple of examples of what Fortune 500 companies pay their board members. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. The report recommended that companies start compensating board directors with cash and equity. As vice president of operational transformation, he led the companys transformation initiatives driving operating rigor and lean management across the company. In this role, Kevin led ongoing efforts during the COVID-19 pandemic to combat fraud, counterfeiting, and price gouging of N95 respirators. 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. Chairman of the Board and Chief Executive Officer of 3M Company. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Incorporation is the legal process by which a business entity is formed. John came to 3M in 1995 as a research chemist in the corporate R&D organization, working primarily on acrylic adhesives and tapes. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. They also recommended doing away with pension and . I have been trying to get a review ever since and no one will say what is going on. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> U.S. Securities and Exchange Commission. Anne Chow and Pedro Pizarro elected to 3M Board of Directors, Caution Concerning Forward-Looking Statements, https://www.prnewswire.com/news-releases/anne-chow-and-pedro-pizarro-elected-to-3m-board-of-directors-301741429.html, SDS, RDS, More Regulatory & Compliance Information. Kevin is a registered patent attorney and has served as President of the Intellectual Property Owners Association and the Association of Corporate Patent Counsel, as well as Chair of the Steering Committee of the Coalition for 21st Century Patent Reform. He previously worked at St. Jude Medical for more than 15 years, holding multiple technology roles of increasing responsibility. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com 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. The median decrease in director compensation was 50% at S&P 500 companies and 40% at Russell 3000 companies. Mike is most proud of seeing the success of coworkers and people he has mentored during his time at the company. periodically receive reports on the status of Board compensation in relation to other large U.S. companies and is responsible for recommending to . 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. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. <> It regularly meets in executive session, without the presence of Rogers' management. 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. Three years later, he was tapped to lead 3Ms corporate research lab. Effective July 1, 2022, Jeff is also leading 3Ms Health Care Business Group on an interim basis. Mr. The average mix across the entire sample is 43% cash and 57% equity. "Definitive Proxy Statement, Apple 2021. 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. 123 0 obj <>stream 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. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. Three years later, he was tapped to lead 3M's corporate research lab. "3M is a globally diverse company in so many dimensions," Ashish says. Aptiv PLC (Compensation and Human Resources, and Nominating and Governance committees) Additional Positions. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. He can also be found running, antiquing, reading science fiction and spending time with his family. 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. 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 connection with Ms. Chow and Mr. Pizarro's election, the Board of Directors increased its size from 11 to 13 members. I feel blessed and give everything I have to leave 3M in a better place, every day.. investorrelations@3M.com. Investopedia does not include all offers available in the marketplace. 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 . Eric joined 3M in 1997, and held several leadership positions in the Finance organization, primarily in Health Care and Electronics. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Sleep, Mike jokes, though he will say more seriously that he tries to focus his energies where they will do the most good. Ms. It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. 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. x\s6(uj L3#inj'Flt?MR4(X,v _u]o_m-W?wpys1_#i5HJ endobj 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. Similar to last year, 63% of companies provide additional compensation to committee members. Mr. Pizarro is a member of Edison International's Board of Directors. Home to some of 3Ms most iconic brands, this business serves global consumers and consists of construction and home improvement, stationery and office supplies, home care, and consumer health care. Hornbaker says pay depends on the complexity of the company, whether it's public or private, the number of meetings it entails, and the amount of responsibility involved. It operates through the following segments: Safety and Industrial,. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. Higher-paying sectors tend to place a greater weighting on equity; Energy and Technology companies have the most equity-heavy mix while Financial Services organizations have the least. He leads a global Legal Affairs team that helps guide business opportunities, address enterprise risks, protect intellectual property, shape the development of law and policy, and strengthen compliance and security. 6 yrs at my current company. As a CTO, Ashish led the global 3M team of over 8,000 scientists and engineers. 3M Company Board of Directors Compensation Committee Charter (As Affirmed February 5, 2019) A. It goes a lot higher from there. 224-1W-02 He was assigned to lead 3Ms $5.5B Electronics & Energy Business Group in July 2017. You can sign up for additional alert options at any time. Mike joined the company in 1992, shortly after earning a Ph.D. in chemistry from M.I.T. 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. 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. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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? 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. 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. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. The companys financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. A corporation is a separate legal entity from its owners. 0 Average compensation in 2018 at those firms was $304,856, according to Reuters. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. A non-executive director is a member of a company's board of directors who is not part of the executive team. A. Help make it more accurate by adding yours. Jeff has lived and worked internationally for 3M, and always with a great passion on exceeding customer expectations. 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. 224-1W-02 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.. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. The estimated base pay is $176,111 per year. 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. 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. 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 He previously led the construction and home improvement business, and the companys corporate marketing and sales organization. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mike later became general manager of 3M Spain. Monish joined 3M as senior vice president and chief financial officer in July 2020 and was drawn to the company for its history of innovation, ethics and global reach.