3M Annual Meeting Highlights 2018 Performance

Executive chairman Inge G. Thulin addressed shareholders for the last time highlighting 3M’s 2018 performance at the Annual Meeting of Shareholders in Indianapolis, IN. CEO Mike Roman takes over the role of chairman of the board effective immediately. Thulin retires on Jun. 1, 2019, as previously announced.
 
3M’s 2018 results were marked by organic growth of more than 3% with growth across all business groups and geographies. Other highlights include the investment of $3.4 billion in the combination of research and development and cap-ex; $3.2 billion paid in dividends; and a $4.9 billion repurchase of 3M shares.
 
In a brief recap of 2019, Thulin noted softness in a few key end markets contributing to organic growth decreasing companywide and the actions 3M is taking, including an organizational realignment with the objective to improve competitiveness.
 
“Going forward, I remain confident in our ability to manage through the challenges we face while continuing to position 3M for the future,” Thulin said. “It has been my honor to serve 3M in different capacities across this incredible company for almost 40 years.”