- William Brown to become Chairman
of the Board of Directors
- Mike Roman to retire as
Executive Chairman and Director and become Executive Advisor to the
Board
- David Bozeman elected to the Board
- Amy Hood does not intend to stand for reelection
ST.
PAUL, Minn., Feb. 10,
2025 /PRNewswire/ -- 3M
(NYSE: MMM) announced today changes to its Board of Directors and
Board leadership structure.
William M. "Bill" Brown, 3M's Chief Executive Officer and
Director, has been appointed by the Board to serve as its Chairman,
effective March 1, 2025 in addition
to his current responsibilities. Michael F. Roman, Executive Chairman of the
Board of Directors, has announced his intention to retire as
Executive Chairman, and as a Director, effective March 1, 2025. Mr. Roman has agreed to
continue to serve as Executive Advisor to the Board until his
retirement from 3M on May 1, 2025.
"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," said Jim Fitterling, 3M's
lead independent director. "I thank Mike for his leadership
in guiding 3M through significant
challenges and transformation, and for his strong support of the
transition to Bill as CEO and now Chairman."
"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,"
said Brown. "I also want to express my thanks and
appreciation to Mike for his leadership and partnership, especially
in his role as executive chairman as I've made the transition to
3M."
"I am proud of 3M, our people, and
what we've accomplished together," said Roman. "I'm confident that
Bill will build on this strong foundation as he leads 3M into the future."
3M also announced today that
David P. Bozeman, President and
Chief Executive Officer, C.H. Robinson Worldwide, Inc., has been
elected to 3M's Board of Directors, effective February 6, 2025. He also has been appointed as a
member of the Science, Technology and Sustainability Committee of
the Board.
Mr. Bozeman has served as President and Chief Executive Officer,
and a director, of C.H. Robinson since 2023.
He previously served as Vice President, Ford Customer Service
Division, and Vice President, Enthusiast Vehicles, for Ford Blue of
Ford Motor Company, from 2022 to 2023. Prior to joining Ford, he
served as Senior Vice President, Amazon Transportation Services of
Amazon.com, Inc. from 2017 to 2022. Before that, he held roles of
increasing seniority at Caterpillar, Inc. from 2008 to 2016,
ultimately serving as Senior Vice President Enterprise Systems.
Earlier in his career, he spent 16 years at Harley-Davidson, Inc.
from 1992 to 2008.
Mr. Bozeman serves on the Boards of Directors of The Brookings
Institution and The Conservation Fund, and he also served on the
Board of Directors of Weyerhaeuser from 2015 to 2017.
Mr. Bozeman received an MS in Engineering Management from the
Milwaukee School of Engineering and a
BS in Manufacturing Design from Bradley
University.
"Dave brings to the 3M Board
30-plus years of experience and leadership at industry-leading
companies, with a focus across supply chains, manufacturing,
digital, and customer service, along with expertise in reinventing
complex operating models," said Brown. "His insights will be
invaluable to our board, shareholders, and customers, and I look
forward to working with him."
3M also announced today that
Amy E. Hood, a 3M Director since 2017, does not intend to stand
for re-election as a director at 3M's 2025 annual shareholder
meeting. "Amy's guidance and leadership have been
instrumental in helping build a foundation for success as
3M moves into the future," said
Brown. "We thank Amy for her many contributions to 3M during her eight years of service on the
3M Board."
About 3M
3M
believes science helps create a brighter world for everyone. By
unlocking the power of people, ideas, and science to reimagine
what's possible, our global team uniquely addresses the
opportunities and challenges of our customers, communities, and
planet. Learn how we're working to improve lives and make what's
next at 3M.com/news.
Media Contacts:
Sean
Lynch, Slynch2@mmm.com
Investor Contacts:
Diane
Farrow, 612-202-2449
or
Eric Herron, 651-233-0043
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SOURCE 3M Company
