3M Elects Chairman, President and CEO
3M announced today that George W. Buckley has been elected chairman, president and chief executive officer, effective immediately. He succeeds interim chairman and CEO Robert S. Morrison, who has led the company since July 1, 2005.
Buckley, 58, comes to 3M from Brunswick Corporation where he served as chairman and chief executive officer since June 2000. Under his leadership, Brunswick experienced exceptional growth, operational improvement and shareholder value creation. Prior to leading Brunswick, Buckley was with Emerson Electric Co. as the president of its U.S.-based Electrical Motors Division and the Automotive and Precision Motors Division. He also served as chief technology officer for Emerson's worldwide group of motor and appliance-related businesses.
"George Buckley is a proven CEO with a terrific blend of strategic, business and analytical skills, and an excellent record of driving both sales growth and operational efficiency in a wide range of global businesses," said Morrison. "His strengths complement perfectly 3M's culture of innovation and operating effectiveness."
"3M's technology base and its innovative culture are renowned and I'm excited to be part of the 3M team," said Buckley.
Speaking for the 3M Board, Edward A. Brennan said, "We thank Bob Morrison for his tremendous leadership over the last six months. He helped keep the company on course after our change of leadership last July, and as a result, the company today is stronger."
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