{"id":9393,"date":"2023-05-16T08:59:15","date_gmt":"2023-05-16T12:59:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/3m-fires-executive-michael-vale-for-inappropriate-personal-conduct\/"},"modified":"2023-05-16T08:59:16","modified_gmt":"2023-05-16T12:59:16","slug":"3m-fires-executive-michael-vale-for-inappropriate-personal-conduct","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9393","title":{"rendered":"3M fires executive Michael Vale for \u2018inappropriate personal conduct\u2019"},"content":{"rendered":"
\n

3M Co.
\n MMM,
\n +0.22%<\/bg-quote>
\n said Monday it has fired Michael Vale, group president and chief business and country officer, for cause. <\/p>\n

The dismissal is due to \u201cinappropriate personal conduct and violation of company policy, unrelated to the company\u2019s operations and financial performance,\u201d the company said in a brief statement. It did not offer additional details.<\/p>\n

\n

The diversified industrial company and maker of Post-it Notes has started a search for a successor. <\/p>\n

Vale worked at 3M for more than 30 years and was promoted to the role of chief business and country officer just last month, according to a company release. <\/p>\n

In that role, he was responsible for three of the company\u2019s four business groups: safety and industrial, transportation and electronics, and consumer, covering customer operations, country governance and emerging markets.<\/p>\n

The leaders of those three businesses will report to Chief Executive Mike Roman for now. <\/p>\n

The stock was flat Monday, but has fallen 16% in the year to date, while the S&P 500
\n SPX,
\n +0.30%<\/bg-quote>
\n has gained 7.4%. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

3M Co. MMM, +0.22% said Monday it has fired Michael Vale, group president and chief business and country officer, for cause. The dismissal is due to \u201cinappropriate personal conduct and violation of company policy, unrelated to the company\u2019s operations and financial performance,\u201d the company said in a brief statement. It did not offer additional details. […]<\/p>\n","protected":false},"author":1,"featured_media":9394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-9393","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\n3M fires executive Michael Vale for \u2018inappropriate personal conduct\u2019 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"3M Co. 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