Bloomberg News

3M CEO Says Board Looking at ‘Best Way Forward’ on Succession

January 26, 2012

Jan. 26 (Bloomberg) -- 3M Co. said its board is considering the “best way forward” as investors press for a decision on whether Chief Executive Officer George Buckley may remain in the role beyond his 65th birthday.

Buckley, who was hired in 2005, has a renewing contract that expires when he turns 65, which will occur on Feb. 23.

“They are trying to figure out what is the best way forward,” Buckley said on an earnings call today with analysts and investors. “I don’t think there’s much else I can say about it because, in a sense, I’m being informed, not the informer.”

To contact the reporter on this story: Thomas Black in Dallas at tblack@bloomberg.net

To contact the editor responsible for this story: James Langford at jlangford2@bloomberg.net


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