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3M Company : 3M Names Marlene McGrath Senior Vice President, Human Resources

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04/04/2012 | 03:15pm CEST

3M today named Marlene M. McGrath senior vice president, Human Resources. McGrath, 49, has led Human Resources for 3M's international operations since 2006, most recently as vice president, Human Resources, International Operations. She will report to 3M President and Chief Executive Officer Inge Thulin.

"Marlene's international experience and proven leadership skills make her an ideal leader for this important assignment," said Thulin. "Her deep understanding of 3M's employee brand will serve the company well as we expand our operations around the world."

An 18-year 3M employee, McGrath holds a law degree from the University of Western Ontario in London, Ontario. Prior to her international assignment, she served as general counsel and executive director of Corporate Services of 3M Canada and as leader of 3M Canada's Specialty Materials, Dyneon and Filtration Products business.

McGrath succeeds Angela S. Lalor, who announced her departure from 3M to pursue opportunities at Danaher Corp. Of Lalor, Thulin said, "We thank Angie for her many significant contributions to 3M over her career and wish her every success in her new position. Her professionalism and skill are well known and much appreciated."

About 3M
3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $30 billion in sales, 3M employs 84,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3M.com or follow @3MNews on Twitter.

Media Contact:
Donna Runyon, 651-736-7646
Investor Contacts:
Matt Ginter, 651-733-8206
Bruce Jermeland, 651-733-1807

© Business Wire 2012
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Financials ($)
Sales 2017 30 452 M
EBIT 2017 7 501 M
Net income 2017 5 209 M
Debt 2017 10 457 M
Yield 2017 2,47%
P/E ratio 2017 22,16
P/E ratio 2018 20,32
EV / Sales 2017 4,10x
EV / Sales 2018 3,99x
Capitalization 114 440 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 191 $
Spread / Average Target -0,52%
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Inge G. Thulin Chairman, President & Chief Executive Officer
Hak Cheol Shin Executive Vice President-International Operations
Nicholas C. Gangestad Chief Financial Officer & Senior Vice President
Julie L. Bushman Senior Vice President-Business Transformation
Ashish K. Khandpur CTO, Senior Vice President-Research & Development
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