3M Shares Surge as Strategic Shifts and CEO Succession Plan Announced
Friday, 15 March 2024, 11:24
Key Highlights:
3M management unveils strategic changes and CEO succession plan.
CEO Shake-Up:
Former boss Roman to be replaced by William Brown as CEO on May 1, sparking investor optimism.
Positive Presentation:
New guidance and cost-saving measures at J.P. Morgan Industrials Conference hint at profitability boost.
Dividend Concerns:
Investors cautious as Roman hints at business reinvestment over dividend payouts.
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