Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why 3M Stock Jumped Today

TheMotleyFool

0 0

Why 3M Stock Jumped Today: https://g.foolcdn.com/editorial/images/769024/3m-st-paul-monument-place001-rgb-1.jpg

Shares of 3M (NYSE: MMM) were popping today after the industrial conglomerate announced a surprise change in its leadership.

The company, which makes everything from Scotch tape to medical equipment, said William Brown will be its new CEO, effective May 1, replacing Michael Roman, who will transition to the executive chairman position.

Investors responded well to the news as 3M stock had struggled in recent years amid macroeconomic headwinds and two multibillion-dollar class action lawsuits.

Source Fool.com

Like: 0

MMM

Share