3M Company (MMM, Financial) has announced significant changes in its leadership structure, effective March 1, 2025. Michael F. Roman, the Executive Chairman of the Board of Directors, has declared his intention to retire from his position and as a Director. Mr. Roman will continue to serve as an Executive Advisor to the Board until his full retirement on May 1, 2025.
In a strategic move, the 3M Board of Directors has appointed William M. Brown, the current Chief Executive Officer, to take over as Chairman of the Board. This transition is expected to ensure continuity and stability in the company's leadership.
Additionally, Amy E. Hood has announced that she will not stand for re-election as a director at the upcoming 2025 annual shareholder meeting. This decision marks another shift in the board's composition.
Further strengthening its board, 3M has elected David P. Bozeman, President and CEO of C.H. Robinson Worldwide, Inc., as a new member of the Board of Directors, effective February 6, 2025. Mr. Bozeman is recognized as an independent director under the New York Stock Exchange listing standards and will join the Science, Technology & Sustainability Committee of the Board.
These leadership changes reflect 3M's commitment to evolving its governance and strategic direction, aiming to enhance its operational effectiveness and shareholder value.
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