3M Taps GE Executive As New CEO - TheStreet

3M Taps GE Executive As New CEO

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3M

(MMM) - Get Report

said Tuesday it has named

General Electric

(GE) - Get Report

executive W. James McNerney Jr. chairman and CEO, effective Jan. 1, 2001.

McNerney succeeds L.D. DeSimone, who will remain with the company until April 1, 2001 to ensure a smooth transition. McNerney was most recently president and CEO of

GE Aircraft Engines

, a supplier of jet engines.