3M announced that Michael F. Roman is appointed chief executive officer, effective July 1, 2018. He succeeds Inge G. Thulin, who is appointed to a newly created position, executive chairman of the board, also effective July 1, 2018. Roman, 58, has served as chief operating officer and executive vice president since July 2017, with direct responsibility for 3M's five business groups, along with the company's international operations.

He has held several other key leadership roles throughout his 30-year career at 3M. Roman led the company's business group, Industrial, which accounts for one-third of 3M's worldwide sales. Prior to that, he served as 3M's chief strategist, where he worked closely with Thulin to develop 3M's strategic roadmap.

He has also lived in and led 3M businesses around the world, including the United States, Europe and Asia.