3M Lets Go Of Executive For Inappropriate Personal Conduct - 3M (NYSE:MMM)

3M Co MMM has fired its Group President and Chief Business & Country Officer, Michael Vale, for inappropriate personal conduct and violation of company policy.
3M said Vale was terminated for cause, effective May 12, 2023. The company has initiated a search for Vale's successor.
The leaders of 3 M's Safety and Industrial Business, Consumer Business, and Transportation and Electronics Business will report to 3M chairman and CEO Mike Roman, effective immediately.
Vale was elevated to a newly created role on the company's corporate operations committee in April, reporting directly to the CEO, reported the WSJ.
The manufacturer didn't detail the violation but said it was unrelated to 3M's operations and financial performance.
Price Action: MMM shares are trading lower by 0.14% at $100.35 in premarket on the last check Tuesday.