News

Michael Roman to Replace Inge Thulin as 3M CEO in July

After more than six years as CEO of the company behind Post-It Notes and Scotch Tape, Thulin will move on to a new position on 3M's board.

Michael Roman to Replace Inge Thulin as 3M CEO in July
Michael Roman, the incoming CEO of 3M (Photo by 3M)
Exactly one year after his promotion to chief operating officer of 3M, Michael F. Roman will become the company’s new CEO, effectively replacing Inge Thulin, the industrial supplies manufacturer announced Tuesday.
 
At the same time Roman, a 30-year veteran of 3M, takes over the Maplewood-based company on July 1, Thulin will move on to a newly created position: executive chairman of 3M’s board of directors.
 
Yet, Roman’s elevation to the CEO seat is no surprise. TCB reported last year that Roman was likely being groomed for Thulin’s position following his promotion to chief operating officer.
 
Notably, Thulin followed a similar path to leadership—becoming chief operating officer in 2011 and then CEO about a year later.
 
“After a thorough and thoughtful succession planning process, Mike is the clear choice to lead 3M into the future,” Thulin said in a statement. “He is an accomplished, results-oriented and high-integrity leader, with an excellent track record of growing sales, improving operational efficiency and increasing value across a wide range of global businesses.”
 
Before becoming chief operating officer, Roman led 3M’s Industrial business group, the largest of its five groups accounting for roughly one-third of its worldwide sales. During his time as 3M’s chief strategist, Roman also helped Thulin develop the company’s “strategic roadmap,” which included plans to consolidate its operations and invest more in research and development efforts.
 
Roman is a University of Minnesota graduate holding a Bachelor’s degree in electrical engineering from the school. He later received his Master’s in the same field at the University of Southern California.
 
“Inge’s leadership has taken 3M to new heights, and I look forward to building on our momentum,” Roman said in prepared remarks. “It is an honor to lead 3M into the future.”
 
As executive chairman of the board, Thulin will continue working alongside Roman in developing the company’s long-term strategic plan, the company said.
 
Mike Eskew, independent lead director for 3M’s board, said in a statement he was “excited” about the prospect of Thulin and Roman’s continued partnership at the company.
 
“3M will benefit greatly from having two strong leaders involved going forward,” said Eskew.
Newsletter Sign Up