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68th Annual Meeting

4/12/2022
Novation Credit Union's 68th Annual Meeting was held on Tuesday, April 5, 2022.  The following is a recording and a copy of our Annual Report:

Novation 68th Annual Meeting Recording


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3/31/2022
Please note that the following two items will be referred to during our Annual Meeting:

2021 Annual Report
2021 Annual Meeting Minutes
 

3/1/2022

Nominations for Board of Directors

As previously announced, three of our Board of Directors' positions are up for election in 2022. Please note that no petitions to run for the Board of Directors were received by the February 25, 2022 deadline.

Since nominations will not be accepted during the meeting, voting this year will be done by acclamation during the 68th Annual Meeting on April 5, 2022 at 10:00 a.m. As stated in our previous email on January 26, 2022, the Annual Meeting will be held virtually.

The following have been nominated to serve three-year terms:

Mike Kronebusch (incumbent) - Director - Global Integrated Business Planning, 3M Medical Solutions Division

Mr. Kronebusch joined 3M in 2001 and spent the first 16 years in a variety of finance roles. Over the last 5 years, he has worked within the 3M Health Care business group in global business operations, strategy, lean six sigma and global planning roles. He earned a degree in Business Management at St. John's University (MN). Mike and his wife live in Stillwater, MN.

Joe Paul (new candidate) - Senior Vice President, Chief Marketing Officer, 3M Consumer Business Group

Mr. Paul joined 3M in 2008 where he has held various marketing and business leadership roles, including Command™ Brand Manager, Global Business Unit Manager, Global Business Director, Vice President and Global Business Leader and currently serves as Senior Vice President and Chief Marketing Officer for 3M's Consumer Business Group. He holds a Bachelor's degree in business from the University of Wisconsin-Madison and a master's degree in business from the University of Minnesota - Carlson School of Management. Joe resides in Hudson, WI with his wife and two sons.

Shawn Schow (incumbent) - Retired, 3M Finance

Mr. Schow retired from 3M in 2021 after 33 years in 3M Finance. He has served in various roles on the Novation Board of Directors for over 20 years. Shawn and his wife reside in Inver Grove Heights, MN and will continue to reside in Minnesota. 

Final details about how to connect and listen to this virtual event will be provided in late March. Please continue to reference www.novation.org for further details.

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2/8/2022

We are happy to announce that on April 5, 2022, Novation Credit Union will be holding our 68th Annual Meeting virtually. Please continue to reference www.novation.org/news for further details regarding this event.
In 2022, three of our Board of Director positions are up for election. The following have been nominated to serve three-year terms:

  • Mike Kronebusch (incumbent) - Director - Global Integrated Business Planning, 3M Medical Solutions Division
  • Joe Paul (new candidate) Senior Vice President, Chief Marketing Officer, 3M Consumer Business Group
  • Shawn Schow (incumbent) – Retired 3M Finance

If you wish to be considered as a candidate for Novation’s Board of Directors outside the formal nominating committee process you must submit an official petition signed by at least 20 and no more than 500 Novation members. Petitions must be submitted by February 25, 2022, to Novation’s Supervisory Committee. Please note that nominations will not be accepted from the floor at the Annual Meeting. If you wish to run by petition, please call (800) 369-6628 to obtain the necessary forms. Voting instructions and statement of qualifications for each candidate will be available on our website and sent by email on March 1, 2022.
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1/25/22

We are excited to announce that our 68th Annual Meeting will once again be held virtually on Tuesday, April 5, 2022 starting at 10:00 a.m. Please continue to refer back to www.novation.org for more information regarding this special day and how to attend virtually.