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3M Names New Thulin CEO

Stocks in this article: BC MMM

NEW YORK (AP) â¿¿ 3M Co. said Wednesday that chief operating officer Inge Thulin will be the company's new president and CEO. He replaces George Buckley, who is retiring.

Thulin's election to the new roles at the St. Paul, Minn., company is effective Feb. 24. Thulin, 58, also joins 3M's board.

Buckley, who served as president, chairman and chief executive, retires on June 1. He will remain chairman until the company's annual shareholder meeting in May, when the board plans to elect Thulin as chairman.

Thulin has been chief operating officer since May. Before that, he was executive vice president of international operations.

Buckley, 65, was appointed 3M's chairman, president and chief executive in 2005, coming from Brunswick Corp.

3M makes a wide range of products ranging from Post-it notes and Scotch Tape to mining equipment.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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