|March 7, 2018||0|
3M has announced a management shift, effectively placing two leaders at the helm.
COO Michael Roman has been made CEO. From 1 July 2018, he will succeed Inge Thulin who has been appointed to the newly created Executive Chairman position.
Roman has served as COO and EVP since July last year but has been with 3M for almost three decades. He formerly led the group’s largest business segment, Industrial, which accounts for a third of 3M’s global sales. Prior to that he worked closely with Thulin as the company’s chief strategist.
Meanwhile, in his new role, Thulin – who has headed the group since 2012 – will help to develop longer-term strategic initiatives alongside Roman and chair the board of directors.
Thulin commented: “After a thorough and thoughtful succession planning process, [Roman] is the clear choice to lead 3M into the future as CEO.”
Roman added: “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.”