By Michael Dabaie

 

3M Co. (MMM) said its board established a new committee to provide oversight of the company's strategies related to research and development, commercialization, sustainability, environmental stewardship and related activities.

The new committee will be called the Science, Technology & Sustainability Committee, the manufacturing company said.

"As a science-based company that relies on investments and capabilities in R&D, commercialization and sustainability for our success, this new Committee aligns with 3M's strategic priorities and enables the Board greater focus and engagement on a critical element of our strategy," said Chief Executive Mike Roman.

In addition to forming the Science, Technology & Sustainability Committee, 3M said its board has ended the Finance Committee. The responsibilities of the Finance Committee will be managed by the Audit Committee and the full board.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

November 25, 2019 13:06 ET (18:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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