3M Announces New Board Appointments

Core Points - 3M announced changes to its Board of Directors and leadership structure, with William M. "Bill" Brown appointed as Chairman effective March 1, 2025 [1][2] - Michael F. Roman will retire as Executive Chairman and Director on the same date but will continue as Executive Advisor until May 1, 2025 [2][3] - David P. Bozeman has been elected to the Board of Directors and appointed to the Science, Technology and Sustainability Committee, effective February 6, 2025 [3][9] - Amy E. Hood, a director since 2017, will not seek re-election at the 2025 annual shareholder meeting [7][9] Leadership Changes - Bill Brown's appointment as Chairman reflects the Board's confidence in his vision and leadership [3] - Roman's leadership was acknowledged for guiding 3M through significant challenges and supporting Brown's transition [3] - Bozeman brings over 30 years of experience in supply chains, manufacturing, and customer service, which is expected to benefit the Board and shareholders [7] Board Composition - Bozeman's previous roles include CEO of C.H. Robinson, Vice President at Ford, and Senior Vice President at Amazon, showcasing a diverse background [4][5] - Hood's contributions over her eight years on the Board were recognized, marking a significant transition in Board composition [7]