ST. PAUL, Minn.--(BUSINESS WIRE)--Consistent with its strategy of building relevance and presence in the
marketplace, 3M today 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) and two newly formed business groups: Safety & Graphics
($5.5 billion), and 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 chief executive officer.
“By building scale more broadly, we create critical mass in each
business group to take full advantage of innovation and
The company also announced new leadership roles for a number of its
"3M's strong, diverse leadership team has performed very well and very
consistently," Thulin said. "This realignment not only matches our
leaders' proven skills with new opportunities, but also improves our
competitiveness in the marketplace."
The new structure is effective immediately, with segment reporting for
the new organization effective January 1, 2013. In first quarter of
2013, subsequent to filing its annual form 10K, the company will
communicate restated historical financial results for the new business
Electronics & Energy is 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
Electronics Markets Materials
Mobile Interactive Solutions
Safety & Graphics is led by Executive Vice President Julie Bushman,
former head of 3M’s Safety, Security and Protection Services business.
The new business group includes the following operating divisions:
Building & Commercial Services
Industrial Mineral Products
Mining, Oil & Gas Solutions
Occupational Health & Environmental Safety
Traffic Safety Systems
Industrial, 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, led by Executive Vice President Joaquin Delgado, 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 has announced his intention
to retire. Holmes was formerly executive vice president of Industrial
and Transportation business.
3M captures the spark of new ideas and transforms
them into thousands of ingenious products. Our culture of creative
collaboration inspires a never-ending stream of powerful technologies
that make life better. 3M is the innovation company that never stops
inventing. With $30 billion in sales, 3M employs 84,000 people worldwide
and has operations in more than 65 countries. For more information,
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