ST. PAUL, Minn. — In connection with the actions announced today to streamline the Company and drive greater profitability and growth, 3M (NYSE: MMM) has announced the following changes to its senior management team.
Jeff Lavers will continue to serve as Group President, Health Care Business, and report to Mike Roman. For the past nine months, Lavers has served as both Group President, Consumer Business and interim Group President, Health Care Business. In this role, he will focus on leading our Health Care business, and support the company’s progress toward a spin off and the transition to a new CEO and management team.
Also, the company is expanding the responsibilities of Monish Patolawala, EVP, Chief Finance and Transformation Officer, and John Banovetz, EVP, Chief Technology Officer and Environmental Responsibility. Patolawala adds responsibility for enterprise strategy development and the company’s Global Service Centers. Banovetz assumes responsibility for new growth ventures, which include the company’s venture investment arm and early-stage R&D organization. Both continue to report to Mike Roman.