Summary by Futu AI
3M Company has announced the resignation of Monish Patolawala, the President and Chief Financial Officer, effective July 31, 2024. Patolawala, who has been a part of 3M's leadership for four years, will remain in his role until the end of July to assist with a smooth transition. The company has expressed gratitude for Patolawala's contributions and leadership during his tenure. 3M has begun the process of finding a successor for the CFO position and will provide updates when available. The announcement was made in a press release dated July 10, 2024, which is also furnished as Exhibit 99.1 in the company's Form 8-K filed with the SEC. CEO William Brown thanked Patolawala and wished him success in his future endeavors. Patolawala stated that he is proud of the accomplishments at 3M and believes the company is well-positioned for future success.