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3M Updates Board Structure; Forms Science, Technology & Sustainability Committee

November 25, 2019 GMT

ST. PAUL, Minn.--(BUSINESS WIRE)--Nov 25, 2019--

The 3M Board of Directors (NYSE:MMM) has established a new committee to provide oversight of the company’s strategies related to research and development, commercialization, sustainability, environmental stewardship and other related activities. The Science, Technology & Sustainability Committee will help ensure 3M is building on its strong innovation capabilities while maintaining 3M’s high product stewardship standards.

“As a science-based company that relies on investments and capabilities in R&D, commercialization and sustainability for our success, this new Committee aligns with 3M’s strategic priorities and enables the Board greater focus and engagement on a critical element of our strategy,” said Mike Roman, 3M chairman and chief executive officer.

In addition to forming the Science, Technology & Sustainability Committee, the Board has ended the Finance Committee. The responsibilities of the Finance Committee will be managed by the Audit Committee and the full Board.

You can read more about the structure update to the 3M Board at www.Investors.3M.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005622/en/

CONTACT: 3M Investor Contacts:

Bruce Jermeland, 651-733-1807

or

Tony Riter, 651-733-1141

or

Media Contact:

Jennifer Ehrlich, 651-736-9430

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: TECHNOLOGY RETAIL ENGINEERING CHEMICALS/PLASTICS OFFICE PRODUCTS MANUFACTURING FINANCE HOME GOODS PROFESSIONAL SERVICES OTHER SCIENCE ENVIRONMENT OTHER TECHNOLOGY HARDWARE SCIENCE

SOURCE: 3M

Copyright Business Wire 2019.

PUB: 11/25/2019 11:45 AM/DISC: 11/25/2019 11:45 AM

http://www.businesswire.com/news/home/20191125005622/en