3M Names Thulin as CEO
NEW YORK (
) --
3M
(MMM) - Get Report
, which makes Scotch tape and Post-It Notes, named Inge Thulin as president and CEO on Wednesday, a day after the company hiked its quarterly dividend.
Thulin, the company's chief operating officer, succeeds George Buckley, who will retire on June 1. Thulin's appointment is effective Feb. 24. Buckley will remain chairman until 3M's annual stockholders' meeting on May 8, when it's expected the board will elect Thulin as chairman.
3M raised its first-quarter dividend by 7% to 59 cents a share.
Shares of 3M ticked up 10 cents to $87.99 in early trading.
TheStreet Ratings
gives 3M a B+ grade with
price target.
-- Written by Alexandra Zendrian
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