3M Management
Management criteria checks 2/4
3M's CEO is Mike Roman, appointed in Jul 2018, has a tenure of 5.75 years. total yearly compensation is $16.42M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth $2.35M. The average tenure of the management team and the board of directors is 3.8 years and 4.5 years respectively.
Key information
Mike Roman
Chief executive officer
US$16.4m
Total compensation
| CEO salary percentage | 8.9% |
| CEO tenure | 5.8yrs |
| CEO ownership | 0.004% |
| Management average tenure | 3.8yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$16m | US$1m | -US$7b |
| Sep 30 2023 | n/a | n/a | -US$7b |
| Jun 30 2023 | n/a | n/a | -US$1b |
| Mar 31 2023 | n/a | n/a | US$5b |
| Dec 31 2022 | US$14m | US$1m | US$6b |
| Sep 30 2022 | n/a | n/a | US$7b |
| Jun 30 2022 | n/a | n/a | US$4b |
| Mar 31 2022 | n/a | n/a | US$6b |
| Dec 31 2021 | US$18m | US$1m | US$6b |
| Sep 30 2021 | n/a | n/a | US$6b |
| Jun 30 2021 | n/a | n/a | US$6b |
| Mar 31 2021 | n/a | n/a | US$6b |
| Dec 31 2020 | US$21m | US$1m | US$5b |
| Sep 30 2020 | n/a | n/a | US$5b |
| Jun 30 2020 | n/a | n/a | US$5b |
| Mar 31 2020 | n/a | n/a | US$5b |
| Dec 31 2019 | US$18m | US$1m | US$5b |
| Sep 30 2019 | n/a | n/a | US$5b |
| Jun 30 2019 | n/a | n/a | US$5b |
| Mar 31 2019 | n/a | n/a | US$6b |
| Dec 31 2018 | US$13m | US$1m | US$5b |
| Sep 30 2018 | n/a | n/a | US$5b |
| Jun 30 2018 | n/a | n/a | US$4b |
| Mar 31 2018 | n/a | n/a | US$4b |
| Dec 31 2017 | US$7m | US$840k | US$5b |
Compensation vs Market: Mike's total compensation ($USD16.42M) is above average for companies of similar size in the US market ($USD12.62M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Roman (63 yo)
5.8yrs
Tenure
US$16,424,566
Compensation
Mr. Michael F. Roman, also known as Mike, serves as Independent Director at Abbott Laboratories since April 23, 2021. He has been Chief Executive Officer of 3M Company since July 1, 2018 and has been its D...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.8yrs | US$16.42m | 0.0040% $ 2.4m | |
| President & CFO | 3.8yrs | US$8.95m | 0.0049% $ 2.9m | |
| Executive VP & Chief Legal Affairs Officer | 2.3yrs | US$6.71m | 0.00038% $ 223.0k | |
| Group President of Enterprise Supply Chain | 2.4yrs | US$5.19m | 0.00074% $ 434.3k | |
| Chief Executive Officer of Health Care Business Group | less than a year | US$23.90m | 0% $ 0 | |
| Senior VP | 5yrs | no data | 0.00053% $ 311.1k | |
| Executive VP | 6.8yrs | no data | 0.0042% $ 2.5m | |
| Executive VP and Chief Information & Digital Officer | 2.5yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP and Chief Ethics & Compliance Officer | 5.3yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | no data | no data | 0.00064% $ 375.6k | |
| Managing Director of 3M Brazil | no data | no data | no data |
3.8yrs
Average Tenure
55yo
Average Age
Experienced Management: MMM.WI's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.9yrs | US$16.42m | 0.0040% $ 2.4m | |
| Independent Lead Director | 21yrs | US$365.36k | 0% $ 0 | |
| Independent Director | 8.7yrs | US$352.08k | 0.00022% $ 129.1k | |
| Independent Director | 8.2yrs | US$346.06k | 0.00072% $ 422.6k | |
| Independent Director | 10.7yrs | US$335.38k | 0.00023% $ 135.0k | |
| Independent Director | 1.2yrs | US$352.55k | 0% $ 0 | |
| Independent Director | 6.7yrs | US$321.18k | 0% $ 0 | |
| Independent Director | 3.2yrs | US$338.38k | 0.0017% $ 1.0m | |
| Independent Director | less than a year | US$115.23k | 0% $ 0 | |
| Independent Director | less than a year | US$206.84k | 0% $ 0 | |
| Independent Director | 1.2yrs | US$353.64k | 0% $ 0 | |
| Independent Director | 2.2yrs | US$320.81k | 0.00033% $ 193.7k |
4.5yrs
Average Tenure
62yo
Average Age
Experienced Board: MMM.WI's board of directors are considered experienced (4.5 years average tenure).