MINNEAPOLIS, Minn., Wed Oct 3, 2012 – 3M Co. said Wednesday it had restructured its operations into five major divisions, down from six, and set up new roles for some of its senior executives.
The company, which said Monday it was buying Ceradyne Inc. in its biggest deal since naming a new chief executive officer in February, will now comprise of consumer, industrial, health care, safety and graphics, and electronics and energy divisions.
The new structure is effective immediately, with segment reporting under the new organization effective Jan. 1, 2013.
“By building scale more broadly, we create critical mass in each business group to take full advantage of innovation and commercialization opportunities,” Inge Thulin, 3M’s chief executive, said in a statement.
The new safety and graphics division will be led by Executive Vice President Julie Bushman, former head of 3M’s safety, security and protection services business.
Executive Vice President Mike Kelly, former head of 3M’s display and graphics business, will lead the new electronics and energy group.
The industrial group will be headed by Executive Vice President Brad Sauer, former head of 3M’s health care business.