3M Reorganizes Business Groups

Realigns major business groups to better serve global markets and customers.

The new structure will be comprised of five business groups:

  • Consumer (2011 sales of $4.2 billion)
  • Industrial ($9.6 billion)
  • Health Care ($5.0 billion)
  • Safety & Graphics ($5.5 billion)
  • Electronics & Energy ($5.7 billion).

Previously, the company operated six major business segments.

“The change is a natural outcome of our strategy to increase relevance to our customers and to broaden our presence in the markets we serve,” said Inge Thulin, 3M chairman, president and chief executive officer. “By building scale more broadly, we create critical mass in each business group to take full advantage of innovation and commercialization opportunities.”

Safety & Graphics is led by executive vice president Julie Bushman, former head of 3M’s Safety, Security and Protection Services business. The new business group includes the following operating divisions: Architectural Markets; Building & Commercial Services; Commercial Graphics; Industrial Mineral Products; Mining, Oil & Gas Solutions; Occupational Health & Environmental Safety; Security Systems; and Traffic Safety Systems.

Industrial, led by executive vice president Brad Sauer, remains unchanged, with the exception of Renewable Energy moving to Electronics & Energy. Sauer formerly led 3M’s Health Care business.

Chris Holmes is named senior vice president, Corporate Supply Chain Operations, succeeding John Woodworth, who has announced his intention to retire. Holmes was formerly executive vice president of Industrial and Transportation business.