3M appoints William Brown as CEO effective May 1, 2024; Roman becomes Executive Chairman

3M CO

William M. Brown, former CEO of L3Harris Technologies, appointed 3M CEO effective May 1, 2024.
Michael Roman transitions to Executive Chairman; will continue to chair the Board.
Board waived mandatory retirement age of 65 for both Brown and Roman.
Brown receives base salary of $1.8M, target annual incentive of $3.15M, and hiring bonus of $3M.
Brown to receive inducement equity awards: $2.5M RSU, $2.5M performance shares, and pro-rata 2024 awards totaling ~$8.67M.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Michael F. Roman

executive chairman

MMM · 3M CO

Effective: 2024-05-01
Filed: March 12, 2024, 7:59 PM ET

appointed Michael F. Roman as executive chairman of the Board of Directors, also effective May 1, 2024

Appointed

William M. Brown

chief executive officer

MMM · 3M CO

Effective: 2024-05-01
Successor: Michael F. Roman
Filed: March 12, 2024, 7:59 PM ET

appointed William M. Brown chief executive officer, effective May 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael F. Roman was appointed as executive chairman at 3M CO.

Action: appointed
Role: executive chairman

Exact text from the filing

appointed Michael F. Roman as executive chairman of the Board of Directors, also effective May 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William M. Brown was appointed as chief executive officer at 3M CO.

Action: appointed
Role: chief executive officer

Exact text from the filing

appointed William M. Brown chief executive officer, effective May 1, 2024

View on SEC.gov

3M CO filing history →

Source: SEC EDGAR

accession 0000066740-24-000029

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