Prior to 3M, Monish spent 26 years at GE where he held a variety of roles of increasing responsibility across GEs businesses. Unsurprisingly, the board disagrees with the USW proposal. <>
Its about supporting constant iteration, until a point you make yourself obsolete.. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, 3M CO, listed the following executives on its annual proxy statement to the SEC. It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. You will compete for board positions with people who have been extremely successful at a young age. The estimated base pay is $176,306 per year. The Energy sector provides the highest median cash retainer for board service ($86,250) and Technology the lowest ($60,000). Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. 0
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>vXT cct"o3jvYEfp.w$}0BirMZIHI6M)9z?eOtp'pON{~YN>=mCs:a'heTb\G. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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. In 2016, John moved to West Europe to serve as managing director of 3M's D-A-CH region, which represents the company's combined operations in . Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. This compensation may impact how and where listings appear. Get a free, personalized salary estimate based on today's job market. From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. Mr. Brown served in various leadership capacities in global purchasing since joining Ford in 1999. A leadership position had been created to advance more of the companys equity initiatives and they wanted to know if he would like to be considered. In 2008, he returned to the U.S. to become vice president and general manager of Aearo Technologies LLC, which 3M acquired that year. %PDF-1.6
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Mr. Dillon served as President from 1995 to 2003 and was elected Executive Vice President in 1990. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. endstream
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A. Learn how we're working to improve lives and make what's next at 3M.com/newsor on Twitter at@3Mor@3MNews. Ms. Chow 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. Related Searches:All Director Salaries|All 3M Salaries. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. Mr. Eskew was appointed Executive Vice President in 1999 and Vice Chairman in 2000 before becoming Chairman of the Board and Chief Executive Officer of UPS in January 2002. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. Formal board meetings where all the directors are present typically occur four to six times per year, depending on the company. If you experience any issues with this process, please contact us for further assistance. 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>>
I took some time to think about it because the emotions of the time were raw and real, Garfield said. Outside of work he enjoys reading, following college sports and spending time with his family. Boards aren't entirely made up of retirees and people nearing the end of their careers. Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. in Economics from Instituto Tecnolgico Autnomo de Mexico, a Masters in Economics for Development from Oxford University in the United Kingdom, and an MBA from Universit Libre de Bruxelles in Belgium. Dow's Board of Directors exemplifies good governance with solid, diverse experience and credentials. Fixed retainers remain more prevalent than meeting fees as the means to deliver additional compensation. View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City. The Board of Directors (the "Board") of 3M Company ("3M" or the "Company") has adopted these guidelines, which in conjunction with the Certificate of Incorporation, Bylaws, and Board . You must click the activation link in order to complete your subscription. Personal health and fitness are his passion. For him, that comes down to business/market analysis and team success. This is an opportunity for us to shape what were going to be for the next 100 years., We need to act with purpose: One 3Mer's passion is shaping 3M's approach to addressing equity in STEM, Averages based on self-reported salaries. With more than 25 years of extensive experience leading the financial operations of industrial and healthcare businesses, Monish Patolawala, 3Ms executive vice president and chief financial and transformation officer, understands what it takes to drive profitable growth in an ever-changing environment. Ms. Chow is on the board of the following public company in addition to 3M: FranklinCovey. c/o Abbott Corporate Secretary. He led 3Ms International Finance organization, and also served four years as 3Ms Senior Vice President of FP&A and Chief Accounting Officer. hbbd``b`$fH0@= , VDtbc a`$2012|
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It operates through the following segments: Safety and Industrial,. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. In this role, he leverages his many years of experience as both a technology and business leader. Throughout his career he has led large technology transformations including SAP implementations, digital initiatives and cybersecurity. Dr. Ashish Khandpur is group president of 3Ms Transportation and Electronics Business Group. 2 0 obj
Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. 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. Executive search firms can streamline the process since theyll know about available positions. His growth mindset, inclusive leadership, and orientation toward developing talent and culture has helped him lead highly successful complex changes and significant transformation. 224-1W-02 St. Paul, MN 55144-1000 Tel: (651) 737-6523 investorrelations@3M.com Purpose: The Compensation Committee (the "Committee") of the Board of Directors of 3M Company reviews the Company's compensation practices and policies, annually reviews and approves (subject to ratification by the independent directors of the Board) the compensation for Prior to her current role, she served as senior vice president of Talent, Learning and Insights. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. Incorporation is the legal process by which a business entity is formed. 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). Mr. Brown is on the board of the following public company in addition to 3M: Tower International, Inc. 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. Lodestone Global. Hood joined Microsoft in 2002, and through her tenure with the company has advanced momentum in cloud and helped digitally transform the company. 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. Kereere has over 20 years of experience in leading global . 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. 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. He previously served as chief operating officer, led 3Ms largest business group and was chief strategist. He earned a bachelors degree from St. Josephs College of Commerce in Bangalore, India. Prior to her current role, Ms. Kereere served as Fiservs Chief Growth Officer, leading strategy and business development to enhance client value and accelerate growth. These descriptions are fairly generic. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. "The Types of Directors," Pages 1-2. Throughout his 20-year 3M career, Kevin has led legal teams in areas of increasing responsibility. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. 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. Mr. Roman is on the board of the following organizations in addition to 3M: Abbott Laboratories, University of Minnesota Foundation Board of Trustees. At 3M, we promise to treat your data with respect and will not share your information with any third party. Director Compensation Practices offers a comprehensive set of benchmarking data and analysis needed to inform the board pay design process. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. The compensation analysis excludes any temporary reductions to director compensation implemented due to the pandemic. Mr. Fitterling is also a passionate advocate for inclusion and diversity with a focus on diversifying Dows global talent, enhancing innovation and the customer experience, and strengthening relationships in the communities the company serves. Thorough reviews have been conducted to assure this data accurately reflects disclosures. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below.