Michael Roman Appointed 3M Chief Executive Officer; Inge Thulin
Appointed 3M Executive Chairman of the Board
ST. PAUL, Minn.--(BUSINESS WIRE)--
3M (NYSE: MMM) announced today that Michael F. Roman is appointed chief
executive officer, effective July 1, 2018. He succeeds Inge G. Thulin,
who is appointed to a newly created position, executive chairman of the
board, also effective July 1, 2018.
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Michael F. Roman, 3M (Photo: 3M)
“After a thorough and thoughtful succession planning process, Mike is
the clear choice to lead 3M into the future as CEO,” said Thulin. “He is
an accomplished, results-oriented and high-integrity leader, with an
excellent track record of growing sales, improving operational
efficiency and increasing value across a wide range of global
businesses.”
Roman, 58, has served as chief operating officer and executive vice
president since July 2017, with direct responsibility for 3M’s five
business groups, along with the company’s international operations.
He has held several other key leadership roles throughout his 30-year
career at 3M. Roman led the company’s largest business group,
Industrial, which accounts for one-third of 3M’s worldwide sales. Prior
to that, he served as 3M’s chief strategist, where he worked closely
with Thulin to develop 3M’s strategic roadmap. He has also lived in and
led 3M businesses around the world, including the United States, Europe
and Asia.
Roman holds a master’s degree in Electrical Engineering from the
University of Southern California and a bachelor’s degree from the
University of Minnesota.
“It is an honor to lead 3M into the future,” said Roman. “Inge’s
leadership has taken 3M to new heights, and I look forward to building
on our momentum and delivering value for customers and shareholders.”
In his new role as executive chairman of the board, Thulin will continue
to chair 3M’s Board of Directors while also working closely with Roman
on longer-term strategic initiatives for the company. Thulin has served
as 3M’s chairman of the board, president and chief executive officer
since 2012.
Mike Eskew, independent lead director for the 3M Board, expressed
confidence in these changes. “3M will benefit greatly from having two
strong leaders involved going forward,” said Eskew. “We are excited to
appoint a highly capable leader like Mike as CEO, while also leveraging
Inge’s tremendous experience in his new role as executive chairman of
the board.”
About 3M
At 3M, we apply science in collaborative ways to
improve lives daily. With $32 billion in sales, our 91,000 employees
connect with customers all around the world. Learn more about 3M’s
creative solutions to the world’s problems at www.3M.com or
on Twitter @3M or @3MNews.
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Source: 3M