3M Appoints Michael Roman CEO
3M has appointed Michael F. Roman chief executive officer, effective July 1. He succeeds Inge G. Thulin, who has been named to the newly created position of executive chairman of the board, also effective July 1. The announcement was reported earlier today in a PPB Newslink Breaking News alert.
The company, located in St. Paul, Minnesota, operates in the promotional products industry as supplier 3M Promotional Markets (PPAI 113638).
“It is an honor to lead 3M into the future,” says Roman. “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.”
Roman, 58, has served as chief operating officer and executive vice president since July 2017, with direct responsibility for 3M’s five business groups, along with the company’s international operations.
He has held several other key leadership roles throughout his 30-year career at 3M. Roman led the company’s largest business group, Industrial, which accounts for one third of 3M’s worldwide sales. Prior to that, he served as 3M’s chief strategist, where he worked closely with Thulin to develop 3M’s strategic roadmap. He has also led other 3M businesses in the United States, Europe and Asia.
“After a thorough and thoughtful succession planning process, Mike is the clear choice to lead 3M into the future as CEO,” says Thulin. “He is an accomplished, results-oriented and high-integrity leader, with an excellent track record of growing sales, improving operational efficiency and increasing value across a wide range of global businesses.”
As executive chairman of the board, Thulin will continue to chair 3M’s board of directors while working closely with Roman on longer-term strategic initiatives for the company. Thulin has served as 3M’s chairman of the board, president and chief executive officer since 2012.
Mike Eskew, independent lead director for the 3M board, adds, “3M will benefit greatly from having two strong leaders involved going forward. We are excited to appoint a highly capable leader like Mike as CEO, while also leveraging Inge’s tremendous experience in his new role as executive chairman of the board.”