ST. PAUL, Minn.--(BUSINESS WIRE)--The board of directors of 3M (NYSE:MMM) today elected Inge G. Thulin chairman of the board, effective immediately. Thulin currently serves as president and CEO. He succeeds George W. Buckley who will retire from 3M on June 1, as previously announced.
The board also declared a dividend on the company’s common stock of 59 cents per share for the second quarter of 2012, payable June 12, 2012, to shareholders of record at the close of business on May 18, 2012. 3M has paid dividends to its shareholders without interruption for more than 95 years.
As of March 31, 2012, 3M had 693,872,048 common shares outstanding and 100,017 shareholders of record.
3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $30 billion in sales, 3M employs 84,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3M.com or follow @3MNews on Twitter.