3M (MMM) announced that William Brown is appointed chief executive officer, effective May 1. He succeeds Michael Roman, who is appointed to the role of executive chairman of the 3M Board of Directors, also effective May 1. Brown is the former chairman of the board and CEO of L3Harris Technologies (LHX). Roman will continue to chair 3M’s board. He has served as 3M’s CEO since July 2018. 3M also announced that the board waived the mandatory retirement age of 65 years for Roman and Brown.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MMM:
- 3M price target raised to $111 from $110 at Barclays
- 3M board approves spinoff of Solventum, sets April 1 distribution date
- 3M, HD Hyundai KSOE collaborate on research project for liquid hydrogen storage
- 3M price target lowered to $84 from $85 at RBC Capital
- 3M announces filing of Form 10 for planned spinoff of health care business