3M president & CFO resigns
3M announced the resignation of Monish Patolawala, president and chief financial officer, effective July 31, 2024, to pursue another opportunity. He will stay on through July 31 to ensure an orderly transition.
He was appointed CFO in July 2020 and became president last August. A press release did not identify a cause for Patalawala's departure.
"On behalf of all 3Mers, I thank Monish for his leadership and contributions to 3M over the past four years," said William Brown, 3M chief executive officer. "We wish him continued success in his future endeavors."
Patolawala added, "It has been a privilege to work as part of 3M's leadership team and I am proud of our accomplishments. 3M is well positioned for success and this is the right time for me to transition to a new opportunity."
3M says it has initiated a CFO succession process.
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