The Travelers Companies, Inc. (TRV)

About 3M Company (MMM)

Company Description:

 

3M Company, often simply known as 3M, is a diversified multinational conglomerate known for its wide range of products including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electronic materials, medical products, car-care products, electronic circuits, healthcare software, and optical films.

The company operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.

3M was founded by five businessmen—Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle, and Dr. J. Danley Budd—in Two Harbors, Minnesota, in 1902. Initially focused on mining a mineral deposit for grinding-wheel abrasives, it evolved over the decades into a manufacturing giant with a global presence. The company's headquarters is located in Saint Paul, Minnesota, United States.

 

Main Product(s):

 

3M's portfolio includes products known worldwide, such as Post-it Notes, Scotch Tape, Thinsulate Insulation, and Command Hooks. They also have significant business in medical products, car-care products, and electronic circuits.

 

Short History of 3M Company:

 

  • 1902 – 3M was founded in Two Harbors, Minnesota.
  • 1916 – Moved to its current headquarters in Saint Paul, Minnesota.
  • 1925 – Invention of Scotch Tape.
  • 1980 – Introduction of Post-it Notes.
  • 2002 – Celebrated its 100th anniversary.
  • 2010s – Expanded its presence in health care and safety sectors.

Key Executives:

NameTitlePayExercisedYear Born
Mr. Michael F. RomanChairman & CEO3.03M474.48k1960
Mr. Monish D. PatolawalaExecutive VP & CFO2.09MN/A1972
Mr. Jeffrey R. LaversGroup President of Health Care1.1MN/A1963
Mr. Peter D. GibbonsGroup President of Enterprise Operations1.33MN/A1961
Ms. Theresa E. ReinsethSenior VP, Corporate Controller & Chief Accounting OfficerN/AN/A1973
Dr. John P. BanovetzExecutive VP, CTO & Environmental ResponsibilityN/AN/A1968
Mr. Mark W. Murphy IIExecutive VP and Chief Information & Digital OfficerN/AN/A1968
Mr. Bruce Jermeland C.F.A.Vice President of Investor RelationsN/AN/AN/A
Michael A. DuranSenior VP and Chief Ethics & Compliance OfficerN/AN/AN/A
Mr. Kevin H. RhodesExecutive VP & Chief Legal Affairs OfficerN/AN/A1963

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