Dr. Moyo was Chief Executive of Officer of Mildstorm LLC, a financial and economics firm, from 2015 to 2021. Equity grants most commonly vest immediately, or cliff-vest after one year. He retired from Ford on August 1, 2013. He is a member of the Marketing Leadership Council and serves on several non-profit and community boards. 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. In his spare time, he dedicates himself to being a loving husband and father and growing his family. "I believe that building confidence and removing the fear of failure are key components of leadership," says Peter. Dr. Moyo served as Global Economist & Capital Markets at Goldman Sachs from 2001 to 2008. A non-executive director is a member of a company's board of directors who is not part of the executive team. Before joining the Edison International companies, Mr. Pizarro was a senior engagement manager with McKinsey & Company. 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. 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 View SAI KRISHNA.docx from STAT 5561 at University of Missouri, Kansas City. That's actually a 5% increase from the year before . from Grinnell College. Dr. Moyo earned a bachelors degree in chemistry and MBA degree in Business Administration from American University, an M.P.A. 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. Mike later became general manager of 3M Spain. endobj From 1997 to 1999 he served in leadership positions at United Technologies Corporation, including its Vice President, Supply Management. Outside of work, Monish enjoys reading, music, watching cricket, playing tennis or badminton and spending time with his family. If you experience any issues with this process, please contact us for further assistance. He previously led the companys litigation function, and served for more than ten years as chief intellectual property counsel, with responsibility for managing the global intellectual property assets of 3M and its worldwide affiliates. This post is based on their FW Cook memorandum. Exelon Corporation. Lead, Columbia University's SIPA Tech & Policy Initiative; . The following chart summarizes total non-employee director pay levels and market capitalizations of the 300 companies in our study (100 companies in each size grouping): The complete publication is available here. Mr. Kent held the position of Chairman of the Board from April 23, 2009 to April 30, 2019. @,s30_j0 \ Head of Global Business Solutions, Fiserv, Inc., a leading fintech and payments company. You will compete for board positions with people who have been extremely successful at a young age. Dont have any other debt - however this expensive mortgage would take half my monthly salary (post tax).. 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. Unsurprisingly, the board disagrees with the USW proposal. Zoe joined 3M in 1998, and has held roles of increasing responsibility in human resources across the companys businesses and geographic areas. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. In 2011, he became executive vice president of the Consumer Business Group, and in 2016 was appointed executive vice president of the Health Care Business Group. Shareholders can communicate with the Chairman of the Corporate Governance Committee or with the independent directors as a group by writing to them c/o: Gayle Littleton, Executive Vice President, General Counsel. Throughout Mikes career, he has lived and led businesses around the world, including the United States, Europe and Asia. This compensation may impact how and where listings appear. AP6D. To address this data deficiency, Compensation Advisory Partners (CAP) and Family Business and Private Company Director magazines conducts our Private Company Board Compensation and Governance Survey. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Abbott Laboratories, Dept 364, Bldg. U.S. Securities and Exchange Commission. At 3M, we promise to treat your data with respect and will not share your information with any third party. Mark holds a bachelors degree in electrical engineering from Purdue University, and an M.B.A. from Indiana University. Ms. Kereere has over 20 years of experience leading global businesses around the world, including in Europe, Australia, Asia and North America. After submitting your request, you will receive an activation email to the requested email address. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The prevalence of committee member retainers has been stable year-over-year, while the use of committee meeting fees continues to decrease. Finally, make sure you are networking and letting people know what boards you are suitable for, while also leveraging contacts you might have with the companies that you might be interested in, Hornbaker says. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents. You must click the activation link in order to complete your subscription. Lodestone Global. He then led Research & Development for the formerly Industrial Business Group initially in Asia Pacific and later globally. 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. %%EOF In 2008, he became Ford's Group Vice President, Global Purchasing, with responsibility for approximately $90 billion of production and non-production procurement for Ford operations worldwide. Prior to 3M, Peter served as chief executive officer of TireHub, a joint venture last mile distributor between Bridgestone and Goodyear. "Definitive Proxy Statement, Apple 2021. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. By providing your email address below, you are providing consent to 3M to send you the requested Investor Email Alert updates. Mark Murphy has more than two decades of experience developing and leading global technology organizations across multiple industries including healthcare, medical device, retail and financial services. Chairman and Chief Executive Officer of Dow, Inc., a leading global materials science company. oYgd=??/_C|72KFSI. Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. 3M Investor Relations Department Know Your Worth. Help make it more accurate by adding yours. 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. Its about creating an environment that unlocks the full potential of teams and individuals and, as a result, achieves even higher performance and more engaged employees.. I took some time to think about it because the emotions of the time were raw and real, Garfield said. I believe great leaders are great listeners who carry themselves with humility, authenticity, accessibility, transparency and integrity.. 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? In this role, Kevin led ongoing efforts during the COVID-19 pandemic to combat fraud, counterfeiting, and price gouging of N95 respirators. Ms. Lynch has helmed CVS Health since February 2021 and leads more than 300,000 employees, according to a . endobj Another example would be compensation meetings to discuss compensation plans and awards.. 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. You can sign up for additional alert options at any time. 3M leverages its 51 technology platforms to create differentiated solutions for customers through four business groups: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. These include white papers, government data, original reporting, and interviews with industry experts. Mr. Pizarro is a member of Edison International's Board of Directors. 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. Outside of work, Karina is an experience seeker, avid traveler and food lover who enjoys dancing and yoga. Zoe is a chartered member of Chartered Institute of Personnel & Development. The Technology sector provides the highest median equity retainer ($161,595) and Financial Services the lowest ($100,000). It begins with actively listening and then relentlessly working to deliver outcomes to solve customer problems, says Monish. Retired Chairman and Chief Executive Officer of Cargill. Boards aren't entirely made up of retirees and people nearing the end of their careers. 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. He enjoys pushing himself mentally and physically in a broad range of athletics. She is co-principal of Versaca Investments, a family office focused on growth investing globally she co-founded in 2021. 3M is advancing diversity, equity and inclusion with a pledge to double its representation of underrepresented groups, along with new initiatives to strengthen STEM education. This would be in addition to the peer group benchmarks (what other CEOs make) that the company uses to determine CEO compensation.
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