Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) Mojdeh Poul, Group President, Health Care Business Group (HCBG), has
announced her intention to retire from 3M, effective July 1, 2022. The Company
announced today that Jeff Lavers, currently Group President, Consumer Business
Group, will also lead HCBG on an interim basis. 3M is conducting a comprehensive
search for the Health Care Business group president role. Ms. Poul is one of the
named executive officers included in 3M's 2022 proxy statement filed on March
23, 2022.
Throughout her 11-year career with 3M, Ms. Poul consistently built and led
high-performing teams, focused on key strategic imperatives, to deliver results
through active portfolio management, value-creating innovation, and disciplined
prioritization and capital allocation. With her leadership, the Company made
significant progress on transforming its Health Care portfolio, positioning it
for long-term, sustainable growth. Ms. Poul also has been an engaged sponsor to
the Company's employee resource networks and a passionate advocate of 3M's
Health Equity initiative.
Prior to his responsibility for the Consumer Business Group, Mr. Lavers led the
Automotive and Aerospace Solutions Division, within the Transportation and
Electronics Business Group, and led our oral care business, within our HCBG. He
joined 3M in 1987 and has held roles with increasing responsibility with many
years of demonstrated success as both a functional and business leader at 3M.
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