#USA #3M #St. Paul, Minnesota #Bill Brown #Mike Roman

3M Restructures Board Leadership

In an important development for 3M, the company has announced notable changes to its Board of Directors and leadership structure. These modifications are set to take place on March 1, 2025. The most significant change is the appointment of William M. Brown, who is currently serving as the Chief Executive Officer, as the new Chairman of the Board.

Key Appointments and Changes

The news comes as Michael F. Roman, who has been the Executive Chairman of the Board, has revealed his intention to retire from this role as well as from being a director. Roman will, however, continue to act as an Executive Advisor until his full retirement from the company on May 1, 2025. Jim Fitterling, lead independent director of 3M, expressed confidence in Bill Brown’s leadership capabilities, emphasizing the vision he holds for the future of 3M.

"Today's decision underscores the Board's confidence in Bill's vision for 3M and strong leadership of the company as Chief Executive Officer and Chairman of the Board," noted Fitterling. Bill Brown himself remarked, "It's an honor to be appointed as Chairman of the Board and for the opportunity to further focus on 3M's bright future and our growth, operational excellence, and capital deployment priorities."

The leadership transition also sees the addition of David P. Bozeman to the Board, effective February 6, 2025. Bozeman, the current President and CEO of C.H. Robinson Worldwide, Inc., brings a wealth of experience from various distinguished companies, including Amazon and Ford Motor Company. His election is expected to bring fresh insights to the Board, particularly in the realms of supply chain management and digital transformation.

Contributions and Farewells

As the company welcomes Bozeman, it is important to note that Amy E. Hood, a Director since 2017, will not seek re-election at the upcoming 2025 annual shareholder meeting. Bill Brown praised Hood for her instrumental role in shaping the company and expressed gratitude for her contributions during her tenure.

Moving Forward

3M's commitment remains strong as it continues to innovate and adapt in a rapidly changing marketplace. With these new leadership changes, 3M aims to reinforce its dedication to operational excellence and sustainable growth. Bill Brown’s leadership trajectory is one that is anticipated to align with the company's strategic goals moving forward. The combination of seasoned leadership and fresh perspectives is expected to effectively guide 3M into its next chapter of success.

3M has long held a belief that science plays a crucial role in creating a better world. With these leadership transitions, the company aims to harness ingenuity and innovation to tackle various challenges facing customers, communities, and the planet at large.

For more information about 3M and its latest developments, please visit 3M’s official website.