3M Company CEO Michael Roman's 2020 pay rises 13% to $21M
3M Company reports 2020 executive compensation
By ExecPay News
Published: March 24, 2021
3M Company reported fiscal year 2020 executive compensation information on March 24, 2021.
In 2020, seven 3M Company executives received on average a compensation package of $7.9M, a 1% decrease compared to previous year.
Average pay of disclosed executives at 3M Company
Michael F. Roman, Chief Executive Officer, received $21M in total, which increased by 13% compared to 2019. 37% of Roman's compensation, or $7.7M, was of change in pension value and nonqualified deferred compensation earnings. Roman also received $1.6M in non-equity incentive plan, $5M in option awards, $1.3M in salary, $5M in stock awards, as well as $107K in other compensation.
For fiscal year 2020, the median employee pay was $67,109 at 3M Company. Therefore, the ratio of Michael F. Roman's pay to the median employee pay was 308 to one.
Monish Patolawala, Chief Financial Officer, received a compensation package of $8M. 70% of the compensation package, or $5.7M, was in stock awards.
Nicholas C. Gangestad, Chief Financial Officer, earned $6.6M in 2020, a 13% decrease compared to previous year.
Michael G. Vale, Executive Vice President, Safety and Industrial Business Group, received $5.8M in 2020, which increases by 15% compared to 2019.
Ashish K. Khandpur, Group President, earned $5.3M in 2020, a 10% decrease compared to previous year.
Eric D. Hammes, Executive Vice President, Enterprise Operations, received $5.2M in 2020.
Mojdeh Poul, Executive Vice President, Health Care Business Group, earned $3.4M in 2020.
Related executives
Michael Roman
3M Company
Chief Executive Officer
Monish Patolawala
3M Company
Executive Vice President, Chief Financial and Transformation Officer
Eric Hammes
3M Company
Executive Vice President, Enterprise Operations
Mojdeh Poul
3M Company
Group President
Michael Vale
3M Company
Group President
Nicholas Gangestad
3M Company
Chief Financial Officer
Ashish Khandpur
3M Company
Group President
You may also like
Source: SEC filing on March 24, 2021.