Inge G. Thulin Elected 3M President and CEO
3M has announced that Inge G. Thulin is elected president and CEO, effective Feb. 24. He succeeds Sir George W. Buckley, chairman,president and CEO, who will retire on June 1.Thulin immediately becomes a member of 3M’s Board of Directors andBuckley remains chairman of the board until the Annual Meeting of Stockholders on May 8, at which time the board intends to elect Thulin to the position of chairman.
Speaking for the 3M Board, Vance D. Coffman, lead director said, "Inge is a proven leader with a terrific blend of strategic, business and analytical skills, and an excellent record of delivering both sales growth and operational efficiency in a wide range of global businesses.His strengths will serve 3M well and ensure that the company remains on a strong growth track driven by innovation for many years to come."
Thulin, 58, has served as chief operating officer since May 2011, with responsibility for 3M’s six business segments and International Operations. Prior to that, he was executive vice president of International Operations. Under his leadership, international sales grew
to nearly $20 billion and today represent two-thirds of 3M’s sales. Thulin also has held numerous leadership positions in Asia Pacific, Europe and Middle East and across multiple businesses.
Outgoing CEO Buckley was appointed 3M’s chairman, president and CEO in Dec. 2005. He
led the company’s successful effort to reinvigorate growth and innovation, which culminated in an all-time high $30 billion in sales in 2011, with new product sales now comprising nearly one-third of total sales.