3M announces new business segments and leadership appointments

3M has recently announced the realignment of the company from five to four business segments. The new alignment will enable the company to better serve global customers and markets.

Safety and industrial. This segment includes businesses that serve the global industrial, electrical, and safety markets. This business segment will consist of personal safety, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. This segment will have estimated annual revenue of USD 12 billion.

Transportation and electronics. This segment includes businesses that serve global transportation and electronic original equipment manufacturer (OEM) customers. This business segment will consist of electronics (display materials and systems, electronic materials solutions), automotive and aerospace, commercial solutions, advanced materials, and transportation safety. This segment will have estimated annual revenue of USD 10 billion.

Healthcare. This business segment serves the global healthcare industry and will include medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety. This segment will have estimated annual revenue of USD 7 billion.

Consumer. This business serves global consumers and consists of home improvement, stationery, and office supplies, home care, and consumer healthcare. Home improvement will also include the retail auto care business that was previously a part of the company’s automotive aftermarket business. This segment will have estimated annual revenue of USD 5 billion.

The company also announced the following leadership appointments:

Michael Vale is appointed executive vice president, safety and industrial business group. Vale currently is executive vice president, healthcare business group.

Ashish Khandpur is appointed executive vice president, transportation and electronics business group. Khandpur currently is executive vice president, electronics and energy business group.

Mojdeh Poul is appointed executive vice president, healthcare business group. Poul currently is executive vice president, safety and graphics business group.

Paul Keel is appointed executive vice president, consumer business group. Keel currently is senior vice president, business development and marketing-sales.

Denise Rutherford is appointed senior vice president, corporate affairs. Rutherford currently is vice president, research & development and commercialization, industrial business group.

Stephen Shafer is appointed senior vice president, business development and marketing-sales. Shafer currently is vice president Greater China area of 3M and managing director of 3M China.