3M Co. said Tuesday that it has waived the mandatory retirement age of 65 for Chief Executive Inge Thulin, who is 63. Thulin has been CEO of the consumer and industrial products company since Feb. 24, 2012. The company also said it appointed Michael Roman chief operating officer and Hak Cheol Shin as vice chairman, effective July 1. 3M’s stock has soared 142% since Thulin has been CEO through Monday, while the Dow Jones Industrial Average has rallied 66%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News