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    William M. Brown

    Chief Executive Officer at 3M Co
    Board
    Since May 1, 2024
    Age
    62 years
    Education
    Holds bachelor's and master's degrees in mechanical engineering from Villanova University and an MBA from The Wharton School, University of Pennsylvania.
    Tenure
    Joined MMM as Chief Executive Officer on May 1, 2024, succeeding Michael F. Roman after an extensive career in leadership roles at UTC, Harris Corporation, and L3Harris Technologies.

    Also at 3M Co

    MFR
    Michael F. Roman
    Executive Chairman of the Board
    AM
    Anurag Maheshwari
    Executive Vice President and CFO
    TER
    Theresa E. Reinseth
    Senior VP, Corporate Controller, and CAO

    About

    William M. Brown boasts an impressive career in the technology and industrial sectors, having held several high-level executive roles over the years. He served at United Technologies Corporation for 14 years before taking on leadership positions at Harris Corporation, where he became President and later Chairman, and then at L3Harris Technologies during its transformational merger period.

    Since his appointment as Chief Executive Officer of MMM on May 1, 2024, he has been steering the company with a vision focused on organic revenue growth, enhanced operational performance, and strategic capital deployment. His leadership is also underscored by active participation on the boards of notable companies such as Becton, Dickinson and Company and Celanese Corporation, highlighting his strong background in corporate governance.

    In addition to his impressive professional trajectory, his career is marked by significant contributions to the broader industry, including his involvement with the Aerospace Industries Association and the strategic management of complex global organizations. His progressive leadership approach and long-standing experience in high-stakes environments continue to shape his impact at MMM.

    $MMM Performance Under William M. Brown

    Past Roles

    OrganizationRoleDate RangeDetails
    L3Harris Technologies Executive ChairJune 2021 - June 2022Served as Executive Chair following his role as Chairman and CEO
    L3Harris Technologies Chairman and Chief Executive OfficerJune 2019 - June 2021Led the company during its early phase post-merger
    Harris Corporation Chairman, President, and Chief Executive OfficerNovember 2011 - June 2019Oversaw merger with L3 Technologies to form L3Harris Technologies
    United Technologies Corporation (UTC) Various Leadership RolesN/ASpent 14 years in multiple leadership roles prior to joining Harris Corporation

    External Roles

    OrganizationRoleDate RangeDetails
    Becton, Dickinson and Company DirectorN/AActive directorship
    Celanese Corporation DirectorN/AWill serve until Celanese's annual shareholder meeting on May 13, 2024

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Annual Base Salary$1,800,000Paid in monthly installmentsProrated for 2024 based on the portion of the year worked; employment starts on May 1, 2024
    Hiring Bonus$3,000,000Received within 30 days after 3M's receipt of his executed Hiring Bonus Repayment AgreementMust execute the Hiring Bonus Repayment Agreement within 30 days of start date; repayment obligations if resigns or engages in misconduct before the third anniversary

    Performance Compensation

    Data from  FY 2024

    Short-Term Incentive Compensation Opportunity

    Metric NameDetail/Value
    Target Value$3,150,000, prorated based on start date (May 1, 2024)
    Performance Metrics3M's performance against goals, individual job performance, and vesting requirements
    Evaluation Period2024 (prorated)
    ConditionsGoverned by the 3M Annual Incentive Plan

    Special One-Time Inducement 2024 Performance Share Award

    Metric NameDetail/Value
    Performance Period2024–2026
    Performance MetricsOrganic Sales Growth, Free Cash Flow Growth, Earnings Per Share Growth
    Target AwardTarget number of shares = $2,500,000 divided by the closing trading price on the grant date
    Payout RangeRanges from 0% to 200% of the target shares based on performance
    Vesting ScheduleVests in a single installment on December 31, 2026
    Grant DateOccurs no later than 60 days after the start date (May 1, 2024), subject to conditions
    Dividend RightsIncludes cash-settled dividend equivalent rights (if applicable)

    Pro Rata 2024 Performance Share Award

    Metric NameDetail/Value
    Performance Period2024–2026
    Performance MetricsOrganic Sales Growth, Free Cash Flow Growth, Earnings Per Share Growth
    Target AwardTarget number of shares = $4,333,333 divided by the closing trading price on the grant date
    Vesting ScheduleVests in a single installment on December 31, 2026
    Grant DateOccurs no later than 60 days after May 1, 2024
    Payout RangeBetween 0% and 200% of the target shares

    Pro Rata 2024 Stock Option Award

    Metric NameDetail/Value
    Target Grant Value$4,333,333 divided by the fair value per option as determined on the grant date
    Exercise PriceEqual to the closing trading price of a share on the grant date
    Vesting ScheduleVests in three equal installments on the first three anniversaries of the grant date
    Grant DateOccurs no later than 60 days after May 1, 2024
    Performance MetricsExpected to align with annual executive awards: Organic Sales Growth, Free Cash Flow Growth, Earnings Per Share Growth