Anurag
Maheshwari to join 3M on
September 1
ST.
PAUL, Minn., Aug. 1, 2024 /PRNewswire/ --
3M (NYSE:MMM) announced today that
Anurag Maheshwari is appointed
Executive Vice President and Chief Financial Officer (CFO),
effective September 1, 2024.
Maheshwari currently serves as Executive Vice President and
Chief Financial Officer for Otis Worldwide Corporation (Otis), a
global leader in the manufacture, installation, and servicing of
elevators and escalators, with customers and passengers in more
than 200 countries and territories. He joins 3M with proven experience as a chief financial
officer and expertise across financial and business functions,
including strategic planning, operations, investor relations,
capital deployment, business transformation, and P&L
ownership.
Before being named Otis' CFO in July
2022, Maheshwari spent two years in the Asia Pacific region at Otis, serving as Vice
President, Finance, Information Technology and Chief Transformation
Officer. Prior to joining Otis, Maheshwari served as Vice
President, Investor Relations, at Harris Corporation and then
L3Harris from January 2017 to
February 2020, leading the company's
interaction with the investor community, while driving strategic
investment planning and capital deployment. He began his career as
a consultant before taking on several executive-level roles of
increasing responsibility in strategy, business leadership, private
equity, and finance at United Technologies, Affinity Equity
Partners, and Harris Corporation. Maheshwari holds a master's
degree in finance from the Asian Institute of Management and a
bachelor's degree in economics from Bombay
University.
"I am thrilled to welcome Anurag to 3M and to our leadership team," said Bill Brown, 3M
Chief Executive Officer. "I have known and worked with him for more
than twenty years and am confident that his leadership and
expertise will play a vital role in driving profitable growth at
3M, achieving operational excellence
across the enterprise, and advancing our capital allocation
priorities."
"I am excited to join 3M, a
company I have long admired as one of the most innovative in the
world," said Maheshwari. "I look forward to working again with Bill
and partnering with the team to advance the company's priorities
and make a positive impact for our customers, employees, and
shareholders."
As 3M's CFO, Maheshwari will lead the Company's global finance
organization and will be responsible for business finance,
accounting, treasury, financial planning and analysis, tax, and
investor relations, in addition to transformation, country
governance, and 3M's global service centers.
Pending Maheshwari's assumption of the CFO role on September 1, 3M
announced the appointment of Teri
Reinseth as Interim Chief Financial Officer, effective
August 1, 2024. Reinseth currently
serves as the Company's Senior Vice President, Corporate Controller
and Chief Accounting Officer, and has been in this role since
April 1, 2019.
About 3M
3M believes science helps create a brighter world for
everyone. By unlocking the power of people, ideas, and science to
reimagine what's possible, our global team uniquely addresses
the opportunities and challenges of our customers,
communities, and planet. Learn how we're working to improve lives
and make what's next at 3M.com/news
Contacts
Investor Contacts:
Bruce Jermeland, 651-733-1807
or
Diane Farrow, 612-202-2449
or
Eric Herron, 651-233-0043
Media Contact:
Sean
Lynch, Slynch2@mmm.com
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SOURCE 3M Company
