3M Stock Climbs After Company Appoints Bill Brown as CEO

Key takeawaysShares in 3M rose after the company said it had appointed William M. "Bill" Brown as its new chief executive officer.Brown, who was formerly CEO of aerospace and defense firm L3Harris Technologies succeeds Michael Roman, who will become 3M’s executive chairman.The transition comes as the industrial conglomerate weathers a series of legal challenges, with its shares losing more than half their value during Roman's CEO tenure. Shares in 3M Company (MMM) moved sharply higher Tuesday after the comp ...