3M Names New Chief Executive

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MINNEAPOLIS (AP) — Manufacturing company 3M Co. has named Michael Roman as chief executive, replacing Inge Thulin.

Roman will take over July 1, with Thulin moving into a newly created position of executive chairman of the board.

The 58-year-old Roman is a 30-year veteran of 3M, serving for the last eight months as chief operating officer and executive vice president. He also has led the company's Industrial Business Group, its largest, and served as strategist.

Thulin had served as chief executive since 2012. In a statement issued with the company's announcement Monday, he called Roman "the clear choice to lead 3M into the future" after a thorough search and succession planning.

Roman holds a master's degree in electrical engineering from the University of Southern California and a bachelor's from the University of Minnesota.