3M Company (MMM)

101.14 +0.14 (+0.14%) At close: 04:03PM EDT

3M Company

3M Center
Saint Paul, MN 55144-1000
United States
651 733 1110
https://www.3m.com

Sector(s): Industrials
Industry: Conglomerates
Full-time employees: 92,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael F. Roman	Chairman & CEO	3.03M	474.48k	1960
Mr. Monish D. Patolawala	Exec. VP and Chief Financial & Transformation Officer	2.09M	N/A	1972
Mr. Jeffrey R. Lavers	Group Pres of Consumer & Interim Group Pres of Health Care	1.1M	N/A	1964
Dr. Michael G. Vale Ph.D.	Group Pres of Safety & Industrial Bus. Group	1.53M	1.83M	1966
Mr. Peter D. Gibbons	Group Pres of Enterprise Operations	1.33M	N/A	1961
Ms. Theresa E. Reinseth	Sr. VP, Corp. Controller & Chief Accounting Officer	N/A	N/A	1973
Dr. John P. Banovetz	Exec. VP, CTO & Environmental Responsibility	N/A	N/A	1968
Mr. Mark W. Murphy II	Exec. VP and Chief Information & Digital Officer	N/A	N/A	1968
Mr. Bruce Jermeland C.F.A.	VP of Investor Relations	N/A	N/A	N/A
Michael A. Duran	Sr. VP and Chief Ethics & Compliance Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports, and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.

Corporate governance

3M Company’s ISS governance QualityScore as of 1 March 2023 is 7. The pillar scores are Audit: 8; Board: 6; Shareholder rights: 4; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.