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3M Appoints New Chief Financial Officer

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3M (NYSE:MMM) has appointed Anurag Maheshwari as its new Executive Vice President and Chief Financial Officer (CFO), effective September 1, 2024. Maheshwari joins from Otis Worldwide , where he served as CFO since July 2022. He brings extensive experience in financial and business functions, including strategic planning, operations, and investor relations.

Prior to Otis, Maheshwari held leadership roles at Harris and L3Harris. He holds a master's degree in finance from the Asian Institute of Management. 3M CEO Bill Brown expressed confidence in Maheshwari's ability to drive profitable growth and operational excellence. In the interim, Teri Reinseth, currently Senior VP, Corporate Controller and Chief Accounting Officer, will serve as Interim CFO from August 1, 2024.

3M (NYSE:MMM) ha nominato Anurag Maheshwari come nuovo Vicepresidente Esecutivo e Direttore Finanziario (CFO), a partire dal 1 settembre 2024. Maheshwari proviene da Otis Worldwide, dove ha ricoperto il ruolo di CFO dal luglio 2022. Porta con sé una vasta esperienza nelle funzioni finanziarie e aziendali, inclusi pianificazione strategica, operazioni e relazioni con gli investitori.

Prima di Otis, Maheshwari ha ricoperto ruoli dirigenziali in Harris e L3Harris. Ha conseguito un master in finanza presso l'Asian Institute of Management. Il CEO di 3M, Bill Brown, ha espresso fiducia nella capacità di Maheshwari di guidare una crescita redditizia e l'eccellenza operativa. Nel frattempo, Teri Reinseth, attualmente Vicepresidente Senior, Corporate Controller e Chief Accounting Officer, assumerà il ruolo di CFO ad interim dall'1 agosto 2024.

3M (NYSE:MMM) ha nombrado a Anurag Maheshwari como su nuevo Vicepresidente Ejecutivo y Director Financiero (CFO), con efecto a partir del 1 de septiembre de 2024. Maheshwari se une a la empresa desde Otis Worldwide, donde se desempeñó como CFO desde julio de 2022. Aporta una amplia experiencia en funciones financieras y empresariales, incluyendo planificación estratégica, operaciones y relaciones con inversores.

Antes de Otis, Maheshwari ocupó puestos de liderazgo en Harris y L3Harris. Posee una maestría en finanzas del Asian Institute of Management. El CEO de 3M, Bill Brown, expresó confianza en la capacidad de Maheshwari para impulsar un crecimiento rentable y la excelencia operativa. Mientras tanto, Teri Reinseth, actualmente Vicepresidenta Senior, Controladora Corporativa y Directora de Contabilidad, asumirá el cargo de CFO interino a partir del 1 de agosto de 2024.

3M (NYSE:MMM)은 Anurag Maheshwari를 새로운 로 임명하며, 2024년 9월 1일부터 취임한다고 발표했습니다. Maheshwari는 2022년 7월부터 CFO로 재직했던 Otis Worldwide에서 합류하게 됩니다. 그는 재무 및 비즈니스 기능, 전략적 계획, 운영 및 투자자 관계 등에서 풍부한 경험을 가지고 있습니다.

Otis에 합류하기 이전에는 Harris와 L3Harris에서 리더십 역할을 수행했습니다. 그는 아시아 경영 연구소에서 금융 석사 학위를 취득하였습니다. 3M CEO인 Bill Brown은 Maheshwari가 수익성 있는 성장과 운영 우수성을 이끌어 낼 수 있을 것이라고 확신을 표했습니다. 그동안 Teri Reinseth은 현직 수석 부사장, 기업 회계 담당 책임자 및 최고 회계 책임자로서 2024년 8월 1일부터 CFO 대행을 맡을 예정입니다.

3M (NYSE:MMM) a nommé Anurag Maheshwari en tant que nouveau Vice-Président Exécutif et Directeur Financier (CFO), à compter du 1er septembre 2024. Maheshwari rejoint l'entreprise en provenance d'Otis Worldwide, où il a été CFO depuis juillet 2022. Il apporte une vaste expérience dans les fonctions financières et commerciales, y compris la planification stratégique, les opérations et les relations avec les investisseurs.

Avant de rejoindre Otis, Maheshwari a occupé des postes de direction chez Harris et L3Harris. Il détient une maîtrise en finance de l'Asian Institute of Management. Le CEO de 3M, Bill Brown, a exprimé sa confiance dans la capacité de Maheshwari à générer une croissance rentable et une excellence opérationnelle. En attendant, Teri Reinseth, actuellement Vice-Présidente Sénior, Contrôleur d'Entreprise et Directrice Comptable, assumera le rôle de CFO par intérim à partir du 1er août 2024.

3M (NYSE:MMM) hat Anurag Maheshwari als neuen Vorstandsvorsitzenden und Chief Financial Officer (CFO) ernannt, der am 1. September 2024 in Kraft tritt. Maheshwari wechselt von Otis Worldwide, wo er seit Juli 2022 als CFO tätig war. Er bringt umfassende Erfahrungen in finanziellen und geschäftlichen Funktionen mit, einschließlich strategischer Planung, Betriebsabläufen und Investor Relations.

Vor seiner Zeit bei Otis hatte Maheshwari Führungspositionen bei Harris und L3Harris inne. Er hat einen Masterabschluss in Finanzen vom Asian Institute of Management. Bill Brown, CEO von 3M, zeigte sich zuversichtlich, dass Maheshwari in der Lage sein wird, profitables Wachstum und operative Exzellenz voranzutreiben. In der Zwischenzeit wird Teri Reinseth, derzeit Senior VP, Corporate Controller und Chief Accounting Officer, ab dem 1. August 2024 als Interim CFO fungieren.

Positive
  • Appointment of an experienced CFO with expertise in strategic planning and business transformation
  • New CFO's background in investor relations and capital deployment
  • CEO's familiarity with the new CFO, potentially ensuring smoother transition and collaboration
Negative
  • None.

Anurag Maheshwari to join 3M on September 1

ST. PAUL, Minn., Aug. 1, 2024 /PRNewswire/ -- 3M (NYSE:MMM) announced today that Anurag Maheshwari is appointed Executive Vice President and Chief Financial Officer (CFO), effective September 1, 2024.

Maheshwari currently serves as Executive Vice President and Chief Financial Officer for Otis Worldwide Corporation (Otis), a global leader in the manufacture, installation, and servicing of elevators and escalators, with customers and passengers in more than 200 countries and territories. He joins 3M with proven experience as a chief financial officer and expertise across financial and business functions, including strategic planning, operations, investor relations, capital deployment, business transformation, and P&L ownership. 

Before being named Otis' CFO in July 2022, Maheshwari spent two years in the Asia Pacific region at Otis, serving as Vice President, Finance, Information Technology and Chief Transformation Officer. Prior to joining Otis, Maheshwari served as Vice President, Investor Relations, at Harris Corporation and then L3Harris from January 2017 to February 2020, leading the company's interaction with the investor community, while driving strategic investment planning and capital deployment. He began his career as a consultant before taking on several executive-level roles of increasing responsibility in strategy, business leadership, private equity, and finance at United Technologies, Affinity Equity Partners, and Harris Corporation. Maheshwari holds a master's degree in finance from the Asian Institute of Management and a bachelor's degree in economics from Bombay University.

"I am thrilled to welcome Anurag to 3M and to our leadership team," said Bill Brown, 3M Chief Executive Officer. "I have known and worked with him for more than twenty years and am confident that his leadership and expertise will play a vital role in driving profitable growth at 3M, achieving operational excellence across the enterprise, and advancing our capital allocation priorities."

"I am excited to join 3M, a company I have long admired as one of the most innovative in the world," said Maheshwari. "I look forward to working again with Bill and partnering with the team to advance the company's priorities and make a positive impact for our customers, employees, and shareholders."

As 3M's CFO, Maheshwari will lead the Company's global finance organization and will be responsible for business finance, accounting, treasury, financial planning and analysis, tax, and investor relations, in addition to transformation, country governance, and 3M's global service centers.

Pending Maheshwari's assumption of the CFO role on September 1, 3M announced the appointment of Teri Reinseth as Interim Chief Financial Officer, effective August 1, 2024. Reinseth currently serves as the Company's Senior Vice President, Corporate Controller and Chief Accounting Officer, and has been in this role since April 1, 2019.

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

Contacts

Investor Contacts:

Bruce Jermeland, 651-733-1807
or
Diane Farrow, 612-202-2449
or
Eric Herron, 651-233-0043

Media Contact:
Sean Lynch, Slynch2@mmm.com

 

3M (PRNewsfoto/3M)

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SOURCE 3M Company

FAQ

When will Anurag Maheshwari start as CFO of 3M (MMM)?

Anurag Maheshwari will start as CFO of 3M (MMM) on September 1, 2024.

What is Anurag Maheshwari's previous experience before joining 3M (MMM)?

Before joining 3M, Anurag Maheshwari was the CFO of Otis Worldwide and held leadership roles at Harris and L3Harris.

Who will serve as Interim CFO for 3M (MMM) before Maheshwari starts?

Teri Reinseth, currently Senior VP, Corporate Controller and Chief Accounting Officer, will serve as Interim CFO of 3M (MMM) from August 1, 2024.

What are Anurag Maheshwari's key responsibilities as CFO of 3M (MMM)?

As CFO, Maheshwari will lead 3M's global finance organization, overseeing business finance, accounting, treasury, financial planning and analysis, tax, investor relations, transformation, country governance, and global service centers.

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