Summary
This 8-K filing from 3M Company announces a significant change in its senior financial leadership. Patrick D. Campbell, the long-serving Senior Vice President and Chief Financial Officer, has announced his retirement, effective May 1, 2011. This transition marks the end of Mr. Campbell's tenure, and investors will be keen to understand the implications of this change on the company's financial strategy and operations. Concurrently, 3M has appointed David W. Meline as the new Senior Vice President, Finance and Chief Financial Officer, effective April 1, 2011. Mr. Meline brings a wealth of experience, having previously held key financial roles at General Motors, including CFO for North America and Europe, and has been with 3M since September 2008 as Vice President, Corporate Controller and Chief Accounting Officer. His prior experience, particularly his international financial leadership at GM, suggests a continuity and depth of financial expertise for 3M.
Key Highlights
- 1Patrick D. Campbell, Senior Vice President and Chief Financial Officer, announced his retirement effective May 1, 2011.
- 2David W. Meline has been appointed as the new Senior Vice President, Finance and Chief Financial Officer, effective April 1, 2011.
- 3Mr. Meline has been with 3M since September 2008 as Vice President, Corporate Controller and Chief Accounting Officer.
- 4Mr. Meline possesses extensive financial experience, including previous CFO roles at General Motors in North America and Europe.
- 5The company stated no material plans, contracts, or arrangements have been entered into with Mr. Meline in connection with his appointment at the time of filing.
- 6The filing includes a press release dated March 15, 2011, detailing these executive changes.