3M Elevates New Senior Leaders -- Market Talk

Features Dow Jones Newswires

10:19 ET - 3M (MMM) appoints a new COO and executive vice president and grants a waiver to CEO Inge Thulin on its policy for corporate board members to retire at age 65. As he nears the retirement age, Thulin, the 63-year-old board chair, has more time to groom future leaders at MMM and help the company reach its 2020 financial and operating objectives. Starting July 1 Michael Roman will be COO, overseeing MMM's five business groups and international operations. Also, Hak Cheol Shin, new EVP and vice chair, will oversee R&D, strategy, supply chain operations and IT. MMM also announces five other leadership changes in its operations. MMM rises 0.4% to $214.18. (justina.vasquez@wsj.com)

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(END) Dow Jones Newswires

June 20, 2017 10:34 ET (14:34 GMT)