3M Announces New Board Appointments
3M (NYSE: MMM) announced significant changes to its Board of Directors and leadership structure. William M. Brown, current CEO, will become Chairman of the Board effective March 1, 2025, while Michael F. Roman will retire as Executive Chairman and Director, transitioning to Executive Advisor until his final retirement on May 1, 2025.
The company also announced that David P. Bozeman, President and CEO of C.H. Robinson Worldwide, has been elected to 3M's Board effective February 6, 2025, joining the Science, Technology and Sustainability Committee. Bozeman brings over 30 years of experience in supply chains, manufacturing, and digital operations from companies including Ford, Amazon, and Caterpillar.
Additionally, Amy E. Hood, who has served as a director since 2017, will not seek re-election at the 2025 annual shareholder meeting.
3M (NYSE: MMM) ha annunciato significative modifiche al suo Consiglio di Amministrazione e alla struttura dirigenziale. William M. Brown, attuale CEO, diventerà Presidente del Consiglio a partire dal 1° marzo 2025, mentre Michael F. Roman si ritirerà come Presidente Esecutivo e Direttore, passando a Consigliere Esecutivo fino al suo ritiro definitivo il 1° maggio 2025.
L'azienda ha inoltre annunciato che David P. Bozeman, Presidente e CEO di C.H. Robinson Worldwide, è stato eletto nel Consiglio di Amministrazione di 3M a partire dal 6 febbraio 2025, unendosi al Comitato per la Scienza, la Tecnologia e la Sostenibilità. Bozeman porta con sé oltre 30 anni di esperienza in catene di fornitura, produzione e operazioni digitali, avendo collaborato con aziende come Ford, Amazon e Caterpillar.
Inoltre, Amy E. Hood, che è stata direttrice dal 2017, non si ricandidaterà per le elezioni del Consiglio nell'incontro annuale degli azionisti del 2025.
3M (NYSE: MMM) anunció cambios significativos en su Junta Directiva y estructura de liderazgo. William M. Brown, actual CEO, se convertirá en Presidente de la Junta a partir del 1 de marzo de 2025, mientras que Michael F. Roman se retirará como Presidente Ejecutivo y Director, pasando a Asesor Ejecutivo hasta su jubilación final el 1 de mayo de 2025.
La empresa también anunció que David P. Bozeman, Presidente y CEO de C.H. Robinson Worldwide, ha sido elegido para la Junta de 3M a partir del 6 de febrero de 2025, uniéndose al Comité de Ciencia, Tecnología y Sostenibilidad. Bozeman aporta más de 30 años de experiencia en cadenas de suministro, manufactura y operaciones digitales de empresas como Ford, Amazon y Caterpillar.
Además, Amy E. Hood, quien ha sido directora desde 2017, no buscará la reelección en la reunión anual de accionistas de 2025.
3M (NYSE: MMM)은 이사회와 리더십 구조에 대한 중대한 변화를 발표했습니다. William M. Brown 현재 CEO는 2025년 3월 1일부로 이사회 의장이 되며, Michael F. Roman은 퇴직하여 이사회 의장으로서의 직무를 마치고 2025년 5월 1일 최종 퇴직 전까지는 수석 고문으로 활동하게 됩니다.
또한, David P. Bozeman C.H. Robinson Worldwide의 사장 겸 CEO가 2025년 2월 6일부터 3M 이사회에 선출되어 과학, 기술 및 지속 가능성 위원회에 합류하게 되었습니다. Bozeman은 Ford, Amazon 및 Caterpillar와 같은 기업에서 30년 이상의 공급망, 제조 및 디지털 운영 경험을 갖추고 있습니다.
추가로, Amy E. Hood는 2017년부터 이사로 재직해 왔으며, 2025년 연례 주주 총회에서 재선에 나서지 않을 것이라고 발표했습니다.
3M (NYSE: MMM) a annoncé des changements significatifs au sein de son Conseil d'Administration et de sa structure de direction. William M. Brown, actuel PDG, deviendra Président du Conseil à compter du 1er mars 2025, tandis que Michael F. Roman prendra sa retraite en tant que Président Exécutif et Directeur, passant à Conseiller Exécutif jusqu'à sa retraite définitive le 1er mai 2025.
L'entreprise a également annoncé que David P. Bozeman, Président et PDG de C.H. Robinson Worldwide, a été élu au Conseil d'Administration de 3M à compter du 6 février 2025, rejoignant le Comité sur la Science, la Technologie et la Durabilité. Bozeman apporte plus de 30 ans d'expérience dans les chaînes d'approvisionnement, la fabrication et les opérations numériques d'entreprises telles que Ford, Amazon et Caterpillar.
De plus, Amy E. Hood, qui est directrice depuis 2017, ne se représentera pas aux élections lors de l'assemblée annuelle des actionnaires de 2025.
3M (NYSE: MMM) hat bedeutende Änderungen im Vorstand und in der Führungsstruktur bekannt gegeben. William M. Brown, der derzeitige CEO, wird ab dem 1. März 2025 Vorsitzender des Vorstands, während Michael F. Roman als Executive Chairman und Director in den Ruhestand tritt und bis zu seiner endgültigen Pensionierung am 1. Mai 2025 als Executive Advisor fungiert.
Das Unternehmen gab außerdem bekannt, dass David P. Bozeman, Präsident und CEO von C.H. Robinson Worldwide, ab dem 6. Februar 2025 in den Vorstand von 3M gewählt wurde und dem Ausschuss für Wissenschaft, Technologie und Nachhaltigkeit beitritt. Bozeman bringt über 30 Jahre Erfahrung in den Bereichen Lieferketten, Fertigung und digitale Betriebsabläufe aus Unternehmen wie Ford, Amazon und Caterpillar mit.
Zusätzlich wird Amy E. Hood, die seit 2017 als Direktorin tätig ist, sich nicht zur Wiederwahl bei der Hauptversammlung der Aktionäre im Jahr 2025 aufstellen.
- Appointment of experienced CEO William Brown as Chairman indicates leadership stability
- Addition of David Bozeman brings valuable expertise in supply chains, manufacturing, and digital operations
- Structured leadership transition plan ensures continuity
- Loss of experienced board member Amy Hood who served since 2017
Insights
The consolidation of power under William Brown as both CEO and Chairman marks a pivotal moment in 3M's governance evolution. This move, while common in corporate America, comes at a critical juncture as 3M navigates significant operational challenges and legal liabilities. The unified leadership structure could streamline decision-making but raises questions about board oversight effectiveness.
David Bozeman's appointment to the board is particularly strategic given his deep expertise in supply chain optimization and digital transformation at companies like Amazon, Ford and C.H. Robinson. His experience in reinventing complex operating models aligns perfectly with 3M's current needs for operational excellence and supply chain modernization. His appointment to the Science, Technology and Sustainability Committee suggests a renewed focus on technological innovation and sustainable practices.
The timing of Mike Roman's complete exit from the company by May 2025, following a brief transition period as Executive Advisor, signals a clean break from previous leadership. This could facilitate more aggressive strategic changes under Brown's consolidated leadership. Meanwhile, Amy Hood's departure removes significant technology sector expertise from the board, though this may be offset by Bozeman's digital transformation experience.
These board changes collectively indicate a shift toward operational excellence and transformation, rather than maintaining status quo. The new leadership structure and board composition appear designed to accelerate decision-making and implementation of strategic initiatives, particularly in areas of supply chain optimization and operational efficiency.
- William Brown to become Chairman of the Board of Directors
- Mike Roman to retire as Executive Chairman and Director and become Executive Advisor to the Board
- David Bozeman elected to the Board
- Amy Hood does not intend to stand for reelection
William M. "Bill" Brown, 3M's Chief Executive Officer and Director, has been appointed by the Board to serve as its Chairman, effective March 1, 2025 in addition to his current responsibilities. Michael F. Roman, Executive Chairman of the Board of Directors, has announced his intention to retire as Executive Chairman, and as a Director, effective March 1, 2025. Mr. Roman has agreed to continue to serve as Executive Advisor to the Board until his retirement from 3M on May 1, 2025.
"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," said Jim Fitterling, 3M's lead independent director. "I thank Mike for his leadership in guiding 3M through significant challenges and transformation, and for his strong support of the transition to Bill as CEO and now Chairman."
"It's an honor to be appointed as Chairman of the Board and for the opportunity to further focus on 3M's bright future and our growth, operational excellence and capital deployment priorities," said Brown. "I also want to express my thanks and appreciation to Mike for his leadership and partnership, especially in his role as executive chairman as I've made the transition to 3M."
"I am proud of 3M, our people, and what we've accomplished together," said Roman. "I'm confident that Bill will build on this strong foundation as he leads 3M into the future."
3M also announced today that David P. Bozeman, President and Chief Executive Officer, C.H. Robinson Worldwide, Inc., has been elected to 3M's Board of Directors, effective February 6, 2025. He also has been appointed as a member of the Science, Technology and Sustainability Committee of the Board.
Mr. Bozeman has served as President and Chief Executive Officer, and a director, of C.H. Robinson since 2023.
He previously served as Vice President, Ford Customer Service Division, and Vice President, Enthusiast Vehicles, for Ford Blue of Ford Motor Company, from 2022 to 2023. Prior to joining Ford, he served as Senior Vice President, Amazon Transportation Services of Amazon.com, Inc. from 2017 to 2022. Before that, he held roles of increasing seniority at Caterpillar, Inc. from 2008 to 2016, ultimately serving as Senior Vice President Enterprise Systems. Earlier in his career, he spent 16 years at Harley-Davidson, Inc. from 1992 to 2008.
Mr. Bozeman serves on the Boards of Directors of The Brookings Institution and The Conservation Fund, and he also served on the Board of Directors of Weyerhaeuser from 2015 to 2017.
Mr. Bozeman received an MS in Engineering Management from the Milwaukee School of Engineering and a BS in Manufacturing Design from Bradley University.
"Dave brings to the 3M Board 30-plus years of experience and leadership at industry-leading companies, with a focus across supply chains, manufacturing, digital, and customer service, along with expertise in reinventing complex operating models," said Brown. "His insights will be invaluable to our board, shareholders, and customers, and I look forward to working with him."
3M also announced today that 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. "Amy's guidance and leadership have been instrumental in helping build a foundation for success as 3M moves into the future," said Brown. "We thank Amy for her many contributions to 3M during her eight years of service on the 3M Board."
About 3M
3M believes science helps create a brighter world for everyone. By unlocking the power of people, ideas, and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news.
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SOURCE 3M Company
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