Mike Roman lead 3M intofuture as both CEO chairman ofboard

3M CEO Mike to serve as board of directors chairman

10:56 AM, 7th February 2019
Mike Roman
Mike Roman - 3M's New Chairman

ST PAUL, US: 3M said that its board of directors will nominate CEO Mike Roman to serve as chairman of the board following the company’s annual meeting of shareholders on 14 May. Inge Thulin, 3M’s current executive chairman, has announced his intention not to stand for reelection and to retire on 1 June. 

“Today’s decision underscores the board’s confidence in Mike’s leadership and strong character to lead 3M into the future as both CEO and chairman of the board,” said Mike Eskew, independent lead director for the 3M board.

“It’s an honor to be nominated to the additional role of chairman of the board,” said Roman.

At its annual meeting in May, the 3M board of directors will consist of 12 members, 11 of whom will be independent directors. The board's corporate governance measures, including a lead independent director with broad authority, ensure that strong, independent directors will continue to effectively oversee company management, and the key issues related to strategy, risk, and integrity.

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