3M (NYSE: MMM) announced changes to its Board of Directors and Board leadership structure, effective March 1, 2025. William M. “Bill” Brown, 3M’s Chief Executive Officer and Director, has been appointed as Chairman of the Board. This change comes as Michael F. Roman, Executive Chairman of the Board of Directors, has announced his intention to retire from his positions as Executive Chairman and Director, effective March 1, 2025. Roman has agreed to continue to serve as Executive Advisor to the Board until his retirement from 3M on May 1, 2025.
David P. Bozeman, President and Chief Executive Officer of C.H. Robinson Worldwide, Inc., has been elected to 3M's Board of Directors, effective February 6, 2025. Additionally, 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.
The company expressed confidence in Brown's vision and strong leadership, with Jim Fitterling, 3M’s lead independent director, stating, "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."
David P. Bozeman brings over 30 years of experience and leadership at industry-leading companies, with a focus across supply chains, manufacturing, digital, and customer service, as well as expertise in reinventing complex operating models. Brown stated, “His insights will be invaluable to our board, shareholders, and customers, and I look forward to working with him.”
Today the company's shares have moved -0.4% to a price of $149.32. Check out the company's full 8-K submission here.
