Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

3M Realigns Organization
Oct 9, 2012
 Printable format
 Email this Article
 Search

3M announced a realignment of its major business groups to better serve global markets and customers. The new structure will be comprised of five business groups:
* Consumer (2011 sales of $4.2 billion)
* Industrial ($9.6 billion)
* Health Care ($5.0 billion)
* newly formed business group Safety & Graphics ($5.5 billion)
* newly formed business group Electronics & Energy ($5.7 billion)

Previously, the company operated six major business segments.

"The change is a natural outcome of our strategy to increase relevance to our customers and to broaden our presence in the markets we serve," said Inge Thulin, 3M chairman, president and CEO. "By building scale more broadly, we create critical mass in each business group to take full advantage of innovation and commercialization opportunities."

The company also announced new leadership roles for a number of its senior leaders.

The new structure is effective immediately, with segment reporting for the new organization effective January 1, 2013.

Electronics & Energy will be led by Executive Vice President Mike Kelly, former head of 3M's Display and Graphics business. The new business group includes the following operating divisions:
* 3M Touch Systems
* Communication Markets
* Electrical Markets
* Electronic Solutions
* Electronics Markets Materials
* Infrastructure Protection
* Mobile Interactive Solutions
* Optical Systems
* Renewable Energy

Safety & Graphics will be led by Executive Vice President Julie Bushman, former head of 3M's Safety, Security and Protection Services business. The new business group includes these operating divisions:
* Architectural Markets
* Building & Commercial Services
* Commercial Graphics
* Industrial Mineral Products
* Mining, Oil & Gas Solutions
* Occupational Health & Environmental Safety
* Security Systems
* Traffic Safety Systems

Industrial will be led by Executive Vice President Brad Sauer, remains unchanged, with the exception of Renewable Energy moving to Electronics & Energy. Sauer formerly led 3M's Health Care business.

Health Care will be led by Executive Vice President Joaquin Delgado, which remains unchanged. Delgado formerly led 3M's Electro and Communications business.

Consumer is also unchanged and will continue to be led by Executive Vice President Mike Vale.

Chris Holmes is named senior vice president, Corporate Supply Chain Operations, succeeding John Woodworth, who announced he will retire. Holmes was formerly executive vice president of Industrial and Transportation business.

Back to Daily News

 

Daily News

...........................................................

Mar 14, 2014: North American PCB Industry Book-to-Bill Ratio Improves, but Sales Continue to Lag IPC Releases PCB Industry Results for January 2014

Mar 13, 2014: Hamilton Beach Reports Increased 2013 Income, Revenue

Mar 13, 2014: New Manufacturing Model Seeks to Bring GE Appliances to Market By Years-End

Mar 13, 2014: Electroindustry Business Conditions Index Rebounds in February

Mar 12, 2014: HVAC Standards Lawsuit Settled—New Standards Take Effect Jan. 1

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows