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3M is a diversified global manufacturer and technology innovator, operating across four main business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer . The company develops and sells a wide range of products, including industrial abrasives, electronics assembly solutions, and consumer bandages, leveraging its technological innovations and global reach to maintain a strong market presence . Recently, 3M spun off its Health Care segment as Solventum, which was a substantial part of its business .
- Safety and Industrial - Offers industrial abrasives, autobody repair solutions, and personal safety equipment, significantly contributing to the company's revenue .
- Transportation and Electronics - Provides advanced materials, electronics assembly solutions, and reflective signage, with strong growth observed in electronics .
- Health Care - Previously included health care coding software, wound care products, and filtration systems before being spun off as Solventum .
- Consumer - Supplies consumer bandages, cleaning supplies, and stationery, with sales affected by seasonality, especially during back-to-school periods .
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Michael F. Roman ExecutiveBoard | Executive Chairman of the Board | Board Member at Abbott Laboratories | Former CEO of 3M (2018-2024); transitioned to Executive Chairman in 2024. Long tenure at 3M with leadership across multiple divisions. | 2024 |
William M. Brown ExecutiveBoard | Chief Executive Officer | Director at Becton, Dickinson and Company; Director at Celanese Corporation (until May 2024) | Former CEO of L3Harris Technologies; joined 3M as CEO in May 2024. Extensive experience in aerospace and defense industries. | May 1, 2024 |
Anurag Maheshwari Executive | Executive Vice President and CFO | None | Joined 3M as CFO in September 2024. Previously CFO at Otis Worldwide Corporation and held leadership roles at L3Harris Technologies. | September 1, 2024 |
Theresa E. Reinseth Executive | Senior VP, Corporate Controller, and CAO | None | Serving as CAO since 2019. Briefly served as Interim CFO in 2024 before Anurag Maheshwari's appointment. | April 1, 2019 |
Amy E. Hood Board | Director | EVP and CFO of Microsoft Corporation | CFO of Microsoft since 2013. Played a key role in Microsoft's transition to Office 365 and major acquisitions. | 2017 |
Anne H. Chow Board | Director | Lead Independent Director at FranklinCovey Co.; Founder and CEO of The Rewired CEO; Adjunct Professor at Kellogg School of Management | Former CEO of AT&T Business; joined 3M's Board in 2023. Recognized in Fortune's Most Powerful Women in Business. | February 9, 2023 |
Audrey Choi Board | Director | None | Former Chief Sustainability Officer at Morgan Stanley. Recognized leader in sustainability and public-private partnerships. | August 9, 2023 |
David B. Dillon Board | Director | Director at Union Pacific Corporation | Retired Chairman and CEO of Kroger. Played a key role in Kroger's merger with Fred Meyer. | 2015 |
David P. Bozeman Board | Director | President and CEO of C.H. Robinson; Board Member at The Brookings Institution and The Conservation Fund | Former SVP at Amazon and VP at Ford. Extensive experience in transportation and logistics. | February 6, 2025 |
Gregory R. Page Board | Director | Lead Director at Eaton Corporation; Non-Executive Chair at Corteva Agriscience; Board Member at Deere & Company | Retired Chairman and CEO of Cargill. Extensive experience in corporate governance and sustainability. | 2016 |
James R. Fitterling Board | Director | Chairman and CEO of Dow Inc.; Chair of the Alliance to End Plastic Waste; Trustee of Committee for Economic Development | CEO of Dow Inc. since 2018. Recognized for advocacy in inclusion and diversity. | 2021 |
Pedro J. Pizarro Board | Director | President and CEO of Edison International; Vice Chairman of Edison Electric Institute; Trustee at Caltech | CEO of Edison International since 2016. Extensive experience in energy and utilities. | February 9, 2023 |
Suzan Kereere Board | Director | President of Global Markets at PayPal; Trustee at Alvin Ailey American Dance Theater; Board Member at Code for America | Former Head of Global Business Solutions at Fiserv. Extensive experience in payments and technology platforms. | 2022 |
Thomas W. Sweet Board | Director | Board Member at Trimble Inc.; Advisory Board Member at Salvation Army of Central Texas | Former CFO of Dell Technologies (2014-2023). Recognized for financial expertise and strategic leadership. | November 6, 2023 |
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You mentioned centralizing your factories and supply chains under a common leader; can you elaborate on any challenges this centralization has posed, and how it affects your ability to respond swiftly to regional market demands?
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With $175 million in insurance recoveries year-to-date related to PFAS and combat arms, but liabilities exceeding total insurance coverage, what is your expected total recovery, and how will remaining liabilities impact future financial results?
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Your new product vitality index has declined to around 10-11%; what specific actions are you taking to boost innovation and increase this metric, and when do you anticipate seeing tangible results in the market?
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Operating equipment efficiency in your largest facilities is averaging 50%, well below best-in-class levels; what precise initiatives are you implementing to improve OEE, and what targets have you set for operational improvement timelines?
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Considering the slowdown in China's economy and geopolitical tensions, how are you adjusting your strategy in the region to mitigate risks, and what impact do you foresee on your sales and operations in China, which currently accounts for 10% of your revenue?
Recent developments and announcements about MMM.
Earnings
New Earnings (Q4 2024)
·Jan 24, 2025, 12:13 AMView full earnings summary →3M targets 10–14% EPS growth in 2025, driven by 2.5% volume (35% incrementals), $200M in lower restructuring, and $150M in net productivity. New Cubitron 3 boosts abrasives, while Q4 orders and backlog signal solid industrial momentum.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsRegulation FD DisclosureView full 8-K filing →3M’s 8-K filing shows a strong 2024 turnaround—GAAP net sales of about $24.6B, operating income of $4.8B (compared to a 2023 loss), and net income around $4.0B. Adjusted EPS was approximately $7.30.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →3M outlines its medium-term strategy: organic sales growth to outperform the macro environment, ~25% operating margin by 2027, high single-digit annual EPS growth, and >100% free cash flow conversion, with $10B in planned shareholder returns.