3M Realigns Business Units

Published: September 27, 2002, By PRESS RELEASE

ST. PAUL, MN, USA—3M reports it is strategically aligning its organization for "faster growth" by forming seven businesses closely focused on markets and customers. According to the colossal manufacturer (a global converting industry supplier and multi-operation converter), with the reorganization, three new businesses—with new leadership—will be formed from existing divisions and departments. They include:

• Safety, Security, and Protection Services Business, Fred Palensky, executive VP (Occupational Health and Environmental Safety Div.; Commercial Care Div.; Safety and Security Systems Div.; and Industrial Mineral Products Div.)
• Display and Graphics Business, Jim Stake, executive VP (Traffic Control Materials Div.; Optical Systems Div.; Commercial Graphics Div.; and Specialty Film and Media Products Div.)
• Transportation Business, Steve Landwehr, executive VP (Automotive Aftermarket Div. and Automotive Div.)

The other four 3M businesses—Health Care Business, Electro and Communication Business, Consumer and Office Business, and Industrial Business—also may experience some leadership and organizational changes, says 3M, with additional organizational adjustments including: Dyneon, Performance Materials, and Specialty Materials Manufacturing moving to the Industrial Business , and the Protective Materials Division moving to the Consumer and Office Business. 3M adds the Industrial Business (the one most affecting the converting industry) will continue to be led by Harold Wiens, executive VP, and now will include:

• Coated Abrasives Division
• Engineered Adhesives Division
• Packaging Systems Division
• Superabrasives and Microfinishing Systems Division
• Surface Conditioning Division
• Dyneon
• Performance Materials Division
• Specialty Materials Manufacturing Division

More information about 3M is available at 3m.com.

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