3M Company announced today that Vance D. Coffman, a member of the company's Board of Directors since 2002, has been elected as lead director, effective immediately.
In this newly created role, Mr. Coffman will lead executive sessions of 3M's independent directors and will facilitate information flow and communication between the directors and the chairman, in addition to other duties specified by the board.
"With the establishment of a lead director -- especially one as qualified and capable as Vance Coffman -- we are further enhancing 3M's excellent governance practices and reputation," said George W. Buckley, 3M chairman of the board, president and CEO.
Mr. Coffman served as chairman of the board and chief executive officer, Lockheed Martin Corp. He retired as chief executive officer in 2004 and as chairman of the board in 2005.
About 3M - A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the company's 69,000 people use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation. For more information, including the latest product and technology news, visit www.3M.com.
Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M.
3M, St. PaulInvestor Contacts:Mark Colin, 651-733-8206orBruce Jermeland, 651-733-1807orMedia Contact:Jacqueline Berry, 651-733-3611