Senior Director of Executive Compensation and HR Due Diligence

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Senior Director, Executive Compensation & HR Due Diligence

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You’ll Make in this Role

The Senior Director of Executive Compensation and HR Due Diligence is a highly strategic role within the HR function, responsible for supporting the development, implementation, and management of executive compensation programs as well as leading HR due diligence efforts for mergers, acquisitions, and other corporate transactions. This individual will partner with senior leadership, including the executive team, finance, legal, and other key stakeholders, to ensure competitive, equitable, and performance-driven compensation packages for executives, while safeguarding the organization during critical business transactions.

The Senior Director of Executive Compensation and HR Due Diligence will provide deep expertise in executive compensation strategies, governance, and market benchmarking, while also managing complex HR due diligence processes related to mergers and acquisitions. The ideal candidate will possess a blend of strong analytical skills, strategic thinking, and the ability to influence key decision-makers in a dynamic business environment.

As a(n) Senior Director, Executive Compensation & HR Due Diligence, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact by:

• Lead Talent Committee support analyses and projects
• Support Annual Incentive Plan/Long-Term Incentive Program design and associated project work
• Lead annual shareholder proxy/CD&A activity managing executive compensation team and in collaboration with legal team
• Lead HR M&A Total Rewards strategy and due diligence execution

Executive Compensation:

• Strategic Leadership: Lead the development, execution, and continuous improvement of executive compensation programs (including base salary, annual bonuses, long-term incentives, and equity-based awards) to ensure alignment with business goals, industry best practices, and shareholder interests.
• Benchmarking & Market Intelligence: Oversee compensation benchmarking and market analysis to ensure competitive compensation practices that attract, retain, and motivate top executive talent. Leverage external market data and internal trends to refine compensation strategy.
• Governance & Compliance: Ensure executive compensation programs are compliant with all relevant regulatory requirements (e.g., SEC disclosure rules, IRS regulations, and corporate governance best practices). Maintain strong knowledge of the evolving legal and tax environment.
• Compensation Communication: Partner with senior leadership and other key stakeholders to clearly communicate executive compensation strategy, philosophy, and decisions to both internal and external audiences.
• Incentive Design: Design and implement performance-based incentive programs that align executive compensation with the company’s long-term goals and shareholder value.
• Advisory Role: Support the Senior Vice President, Total Rewards on Talent Committee analyses and materials.

HR Due Diligence:

• Transaction Support: Lead HR due diligence for mergers, acquisitions, joint ventures, and other corporate transactions, ensuring a thorough analysis of the target’s compensation practices, benefits programs, and overall HR structure.
• Risk Identification & Mitigation: Identify and assess potential risks related to compensation, benefits, and HR policies during due diligence, and work with legal and financial teams to mitigate risks and integrate solutions.
• Integration Planning: Work closely with HR business partners and cross-functional teams to design and implement post-transaction integration plans, particularly in relation to executive compensation alignment, retention strategies, and harmonizing HR policies.
• Data Analysis & Reporting: Collect, analyze, and interpret compensation and HR data during the due diligence process to ensure informed decision-making and effective integration.
• Cultural Assessment: Evaluate organizational and leadership structures in target companies, making recommendations on how to best integrate talent and compensation programs post-transaction.

Leadership & Team Development:

• Team Management: Lead, mentor, and develop a high-performing team responsible for the executive compensation and HR due diligence functions. Foster a culture of collaboration, innovation, and continuous improvement.
• Cross-functional Collaboration: Partner with key internal stakeholders, including finance, legal, strategy, and operations, to ensure seamless execution of compensation and due diligence strategies.
• Stakeholder Management: Build strong relationships with key stakeholders across the organization, including executive leadership, the board of directors, and external consultants, ensuring alignment on compensation philosophy and transaction-related HR strategies.

Your Skills and Expertise 
To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor’s Degree or higher AND (twelve) 12 years of executive compensation, HR due diligence, and/or total rewards, with a strong focus on leadership roles within large, complex organizations.

In addition to the above requirements, the following are also required:

• Significant experience in M&A HR due diligence, including identifying risks, managing complex data, and developing post-transaction integration strategies.
• Expertise in executive compensation design and governance, including incentive structures, performance management, and regulatory compliance.
• Experience working with Board of Directors and Compensation Committees to develop and execute compensation strategies.

Additional qualifications that could help you succeed even further in this role include:

• Strategic Vision: Ability to think strategically and provide clear direction on executive compensation and HR transaction matters.
• Analytical Skills: Strong quantitative and qualitative analytical skills, with the ability to evaluate data and make data-driven decisions.
• Communication & Influence: Exceptional communication skills with the ability to present complex compensation strategies and HR due diligence findings to senior leaders and stakeholders.
• Cross-Functional Collaboration: Strong interpersonal skills and the ability to collaborate effectively with a wide range of internal and external stakeholders.
• Attention to Detail: High attention to detail with the ability to manage complex processes and deliver high-quality outcomes under tight timelines.
• Leadership: Proven leadership experience, including team management, mentoring, and development
• Executive compensation consulting experience
• Certified Compensation Professional (CCP) designation.
• Senior Professional in Human Resources (SPHR) or similar HR certification.

Work location: Remote – United States

Travel: May include up to 10% domestic

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being 

Solventum offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope. 

Applicable to US Applicants Only:The expected compensation range for this position is $222,044 - $271,387, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process.  Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Solventum is an equal opportunity employer.  Solventum  will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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