3M Reveals Buckley Successor

Originally published on Fox Business. Diversified manufacturer 3M (MMM: 87.88, -0.01, -0.01%) announced Wednesday the selection of Inge Thulin, the company's chief operating officer, to take over for retiring longtime CEO George Buckley. Thulin, who became the company's No. 2 executive in May, will assume the president and CEO titles on February 24. However, Buckley, who is set to retire on June 1, will stay on as chairman until 3M's annual shareholder meeting on May 8 when the board plans to give Thulin, 58, the chairman title. The decision to give Thulin both titles stands in contrast with a recent trend in Corporate America to separate the two powerful positions in an effort to increase transparency and management responsibility. Continue reading this article here.