3M Says President And CFO Monish Patolawala To Resign Effective July 31
(RTTNews) - 3M, Inc. (MMM) announced Wednesday the resignation of Monish Patolawala, President and Chief Financial Officer, effective July 31, 2024, to pursue another opportunity. Patolawala will stay on through July 31, 2024, to ensure an orderly transition.
3M has initiated a CFO succession process.
Patolawala joined 3M as senior vice president and chief financial officer in July 2020. Prior to 3M, he spent 26 years at GE, where he held a variety of roles of increasing responsibility across GE's businesses. Most recently, he served as CFO of GE Healthcare.
Prior to GE, Monish gained experience at A.F. Ferguson & Co, a former KPMG affiliate.
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3M Boosts FY24 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Tuesday, 3M Co. (MMM) raised its adjusted earnings guidance for the full-year 2024, while maintaining total sales and organic sales growth outlook.
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CPSC Recalls: Earmuffs, Racer Car Toys, Log Splitters And Cylinder Kits, Hampshire Cribs, Air Rifles
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including earmuffs, racer car toys, log splitters and cylinder kits, hampshire cribs, and air rifles, citing various reasons. 3M Co. has recalled Peltor X4 Series Earmuffs citing risk of overexposure to loud noise and sound, while Santa Monica, California -based JAKKS Pacific Inc. has called back children's Mario Kart...
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3M Co. (MMM) announced Tuesday that more than 99% of claimants are participating in the settlement as of the final registration date for the Combat Arms Earplug settlement agreement.
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3M To Freeze U.S. Pension Plans For Non-union U.S. Employees By End Of 2028
3M (MMM) announced Monday that it will freeze its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. These employees will continue to accrue benefits under the pension plans until the freeze date.
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3M Co. announced that it has reached an agreement to pay up to $10.3 billion over 13 years to settle lawsuits over hazardous chemical contaminated water supplies in the United States. The company expects to record a pre-tax charge of around $10.3 billion in the second quarter of 2023. In pre-market activity on the NYSE, 3M shares were gaining around 3.9 percent to trade at $104.35.
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3M To Exit PFAS Manufacturing And Use Of PFAS Use By The End Of 2025
3M (MMM) announced Tuesday that it will exit per- and polyfluoroalkyl substance (PFAS) manufacturing and work to discontinue the use of PFAS across its product portfolio by the end of 2025.
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3M Establishes New 3M Verify Platform To Report Potential Counterfeit 3M Product
3M Co. (MMM) announced Tuesday that it has established the new 3M Verify platform to report potential counterfeit 3M products, building on the success of its anti-counterfeit efforts during the COVID-19 pandemic. It has now expanded its counterfeit reporting process to include all products made by 3M.
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