3M Company CEO Michael Roman's 2019 pay jumps 42% to $18M
3M Company reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
3M Company reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, seven 3M Company executives received on average a compensation package of $7.9M, which is about the same as previous year.
Average pay of disclosed executives at 3M Company
Michael F. Roman, Chief Executive Officer, received $18M in total, which increased by 42% compared to 2018. 31% of Roman's compensation, or $5.6M, was of change in pension value and nonqualified deferred compensation earnings. Roman also received $1.3M in non-equity incentive plan, $5M in option awards, $1.2M in salary, $5M in stock awards, as well as $173K in other compensation.
For fiscal year 2019, the median employee pay was $57,494 at 3M Company. Therefore, the ratio of Michael F. Roman's pay to the median employee pay was 319 to one.
Inge G. Thulin, Chairman, received a compensation package of $8.2M, which decreased by 39% compared to previous year. 38% of the compensation package, or $3.1M, was in stock awards.
Nicholas C. Gangestad, Chief Financial Officer, earned $7.6M in 2019, a 2% decrease compared to previous year.
Ashish K. Khandpur, Executive Vice President, Transportation and Electronics Business Group, received $5.9M in 2019.
Julie L. Bushman, Executive Vice President, International Operations, earned $5.7M in 2019, a 6% increase compared to previous year.
Michael G. Vale, Executive Vice President, Safety and Industrial Business Group, received $5.1M in 2019, which increases by 37% compared to 2018.
Joaquin Delgado, Former Executive Vice President, Consumer Business Group, earned $4.7M in 2019, a 10% increase compared to previous year.
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Michael Roman
3M Company
Chief Executive Officer
Inge Thulin
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Chairman
Nicholas Gangestad
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Chief Financial Officer
Ashish Khandpur
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Julie Bushman
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Executive Vice President, International Operations
Joaquin Delgado
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Source: SEC filing on March 25, 2020.