3M Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Bill Brown

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	no data
CEO ownership	n/a
Management average tenure	2.6yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO

Bill Brown (60 yo)

no data

Tenure

Mr. William M. Brown, also known as Bill, serves as CEO & Director of 3M Company since May 01, 2024. He serves as Independent Director at Becton, Dickinson and Company since February 28, 2022. He had been...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Roman	Executive Chairman	6yrs	US$16.42m	0.0040% $ 2.0m
Monish Patolawala	President & CFO	3.8yrs	US$8.95m	0.0049% $ 2.5m
Kevin Rhodes	Executive VP & Chief Legal Affairs Officer	2.3yrs	US$6.71m	0.00038% $ 189.8k
Peter Gibbons	Group President of Enterprise Supply Chain	2.5yrs	US$5.19m	0.00074% $ 369.5k
William Brown	CEO & Director	no data	no data	no data
Theresa Reinseth	Senior VP	5.1yrs	no data	0.00053% $ 264.7k
John Banovetz	Executive VP	6.8yrs	no data	0.0042% $ 2.1m
Mark Murphy	Executive VP and Chief Information & Digital Officer	2.6yrs	no data	no data
Bruce Jermeland	Vice President of Investor Relations	no data	no data	no data
Michael Duran	Senior VP and Chief Ethics & Compliance Officer	5.3yrs	no data	no data
Zoe Dickson	Executive VP & Chief Human Resources Officer	no data	no data	0.00064% $ 319.6k
Luigi Faltoni	Managing Director of 3M Brazil	no data	no data	no data

2.6yrs

Average Tenure

55yo

Average Age

Experienced Management: MMM's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Roman	Executive Chairman	6yrs	US$16.42m	0.0040% $ 2.0m
Michael Eskew	Independent Director	21.1yrs	US$365.36k	0% $ 0
David Dillon	Independent Director	8.8yrs	US$352.08k	0.00022% $ 109.9k
Gregory Page	Independent Director	8.3yrs	US$346.06k	0.00072% $ 359.5k
Thomas Brown	Independent Director	10.8yrs	US$335.38k	0.00023% $ 114.9k
Pedro Pizarro	Independent Director	1.3yrs	US$352.55k	0% $ 0
Amy Hood	Independent Director	6.8yrs	US$321.18k	0% $ 0
James Fitterling	Lead Independent Director	3.3yrs	US$338.38k	0.0017% $ 868.9k
Thomas Sweet	Independent Director	less than a year	US$115.23k	0% $ 0
Audrey Choi	Independent Director	less than a year	US$206.84k	0% $ 0
Anne Chow	Independent Director	1.3yrs	US$353.64k	0% $ 0
Suzan Kereere	Independent Director	2.3yrs	US$320.81k	0.00033% $ 164.8k

4.6yrs

Average Tenure

62yo

Average Age

Experienced Board: MMM's board of directors are considered experienced (4.6 years average tenure).

3M Management

Management criteria checks 2/4

Key information

Recent management updates

3M Company, Annual General Meeting, May 14, 2024

3M Company Announces CEO Changes, Effective May 1, 2024

High number of new directors

Jeff Lavers to Depart from 3M Company as Group President, Health Care Business Group, Effective December 1, 2023

3M Company Appoints Tom Sweet to Board of Directors

3M Co. Appoints Wayde Mcmillan as Chief Financial Officer for the Company's Health Care Business Group, Effective November 1

Recent updates

First quarter 2024 earnings released: EPS: US$1.67 (vs US$1.77 in 1Q 2023)

Judge Approves Historic $12.5 Billion 3M Settlement to Clean America’s Water Supplies

New major risk - Share price stability

3M Announces Settlement with Public Water Suppliers to Address PFAS in Drinking Water Receives Final Court Approval

3M Announces Combat Arms Earplugs Settlement Moves to Final Resolution

3M Company Provides Earnings Guidance for the First Quarter 2024

3M Company, Annual General Meeting, May 14, 2024

3M Company Announces CEO Changes, Effective May 1, 2024

Fourth quarter dividend of US$1.51 announced

3M Declares Quarterly Dividend, Payable on March 12, 2024

3M Provides Update on Combat Arms Earplugs Litigation Settlement

New major risk - Share price stability

Full year 2023 earnings released: US$12.63 loss per share (vs US$10.21 profit in FY 2022)

Now 25% undervalued

3M Announced 3M Scotch-Brite Range of Home Cleaning Products

M.J. Maillis Single Member S.A.- Industrial Packaging Systems & Technologies acquired additional 50% stake in Combi Packaging Systems LLC from 3M Company (NYSE:MMM).

High number of new directors

Jeff Lavers to Depart from 3M Company as Group President, Health Care Business Group, Effective December 1, 2023

3M Company Appoints Tom Sweet to Board of Directors

3M Co. Appoints Wayde Mcmillan as Chief Financial Officer for the Company's Health Care Business Group, Effective November 1

Singleton Schreiber Files Class Action Against Several Corporations Alleging Contamination of Private Water Supplies in Town of Campbell

Angeion Group Announces Proposed Settlement in Aqueous Film-Forming Foams Product Liability Litigation Involving Public Water Systems

SEC Charges 3M Company with Foreign Corrupt Practices Act Violations Relating to China Subsidiary

3M Company Announces Management Appointments

3M Company Elects Audrey Choi as Board of Director

Pierrel S.p.A. (BIT:PRL) completed the acquisition of assets associated with Dental local anesthetic business from 3M Company (NYSE:MMM) for $70 million.

3M Company Updates Earnings Guidance for the Full Year 2023

New minor risk - Dividend sustainability

Second quarter 2023 earnings released: US$12.35 loss per share (vs US$0.14 profit in 2Q 2022)

Baron & Budd and Cossich, Sumich, Parsiola & Taylor Obtain $12.5 Billion Settlement with 3M Company to Resolve PFAS Contamination Suits for Public Water Providers

Roosevelt County Water Coop Sues 3M, DuPont, Raytheon, Several Others Over PFAS Contamination

Insider recently sold €870k worth of stock

3M Company Announces Board Changes

3M Declares Dividend for the Second Quarter of 2023, Payable on June 12, 2023

Insider recently sold €619k worth of stock

First quarter 2023 earnings released: EPS: US$1.77 (vs US$2.27 in 1Q 2022)

3M Announces Board Appointments, Effective Feb. 9, 2023

3M Declares Quarterly Dividend, Payable on March 12, 2023

3M Company Launches New Medical Adhesive Offering Premium Wear Time, Up to 28 Days

3M Company Confirms Earnings Guidance for the Fourth Quarter of 2022

New Packt by Scotch Product Line Makes Sending Holiday Packages as Much Fun as Receiving Them

3M Company Declares Quarterly Dividend, Payable on December 12, 2022

Third quarter 2022 earnings released: EPS: US$6.78 (vs US$2.47 in 3Q 2021)

Settlement Administrator Angeion Group Announces Proposed Settlement in Wolverine and 3M PFAS Class Action

Selic Corp Public Company Limited (SET:SELIC) completed the acquisition of Manufacturing Assets of Ladlumkaew, Thailand Facility of 3M Company (NYSE:MMM).

3M Company Establishes the New 3M Verify Platform to Report Potential Counterfeit 3M Products

3M Advances Decarbonization Technologies, Showcases Power of Science to Address Climate Change During Climate Week NYC

3M Health Information Systems Division Secures Key Federal Government Clearance for Platform IT and Security

Neogen Corporation (NasdaqGS:NEOG) completed the acquisition of Food Safety Business from 3M Company (NYSE:MMM).

United States Bankruptcy Court in the Southern District of Indiana Declines Aearo Technologies Request for Preliminary Injunction to Ongoing Litigation against 3M Related to Combat Arms Earplug Version 2 Products

3M Company Declares Quarterly Dividend, Payable on September 12, 2022

3M Announces the Debut of 3M VHB Extrudable Tape, a New Manufacturing Bonding Solution

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age