Michael F. Roman

Last updated
Michael F. Roman
Michael Roman, CEO of 3M (49651820963) (cropped).jpg
Born1959or1960(age 63–64) [1]
NationalityAmerican
Alma mater
Occupation(s)Chairman and CEO of 3M
Employer3M
Board member of

Michael F. Roman is an American executive who is the chairman and Chief Executive Officer (CEO) of 3M. Prior to being named CEO in 2018, was chief strategy officer and chief operating officer, among other positions since joining the company in 1988. Roman also is on the board of trustees of the University of Minnesota Foundation. He is a member of the President's Export Council. [2]

Contents

Early life and education

Roman was born to an insurance salesman and a hospice worker. He was raised in Stevens Point, Wisconsin as the oldest of five siblings. [3]

Roman attended the University of Wisconsin–Stevens Point during 1978–1980 and played on the Pointers football team. [4] [5] He received his bachelor's degree from the University of Minnesota's Department of Electrical and Computer Engineering in 1982, followed by a master's degree in electrical engineering from the University of Southern California in 1987. [6] [7]

Career

Early in his career, Roman worked for the Hughes Aircraft Company. He has been employed by 3M for more than 30 years, joining as a senior design engineer in 1988. [1] [8] Since then, Roman has held a variety of positions, working for the company in the United States, Europe, and Asia. [1] He oversaw operations in Europe, the Middle East, and Africa while living in Brussels. He also led 3M Korea and was chief strategy officer (CSO) for approximately ten years. [1] [3] Roman led the industrial business group, 3M's largest division at the time, during 2014–2017. He became chief operating officer (COO) and executive vice president on July 1, 2017; during his tenure, he managed international operations as well as 3M's five business divisions. [6] [9] Roman began as chief executive officer (CEO) in July 2018, [1] [7] and became chairman in mid-2019. [3] He earned $12.9 million and $18.3 million in 2018 and 2019, respectively. [10]

Roman ranked number 45 in Glassdoor's 2019 list of the top 100 "most popular" CEOs of large companies, [11] [12] earning a 95 percent rating. [13] In 2020, he and U.S. President Donald Trump publicly disagreed over 3M's handling of face mask distribution during the COVID-19 pandemic. [14] [15] Roman received an Eisenhower Award from Business Executives for National Security in 2020. [16]

In addition to being chairman of 3M's board of directors, Roman currently is treasurer on the University of Minnesota Foundation's board of trustees. [6] [17] He is also a member of the Minnesota Business Partnership (MBP). [18] In mid-2020, he was among approximately 80 MBP members who signed a letter to legislators encouraging them "to adopt policing reforms that address police misconduct and increase accountability and transparency", [19] derived from recommendations made by the State of Minnesota Working Group on Police-Involved Deadly Force Encounters. [20] [21]

Roman spoke at a graduation ceremony at the University of Wisconsin–Stevens Point in 2018. [4] [8] He has been a long-term supporter of Big Brothers Big Sisters of America. [4]

Roman will step down from the role of the CEO and will continue to chair the Board from May 1, 2024 [22]

See also

Related Research Articles

A chief executive officer (CEO) is the highest officer charged with the management of an organization – especially a company or nonprofit institution.

<span class="mw-page-title-main">Bob Iger</span> American business executive (born 1951)

Robert Allen Iger is an American media business executive who is the chief executive officer (CEO) of The Walt Disney Company. He previously was the President of the American Broadcasting Company (ABC) between 1994 and 1995 and president and chief operating officer (COO) of Capital Cities/ABC, from 1995 until its acquisition by Disney in 1996. Iger was named president of Disney in 2000 and succeeded Michael Eisner as CEO in 2005, until his contract expired in 2020. He then was executive chairman until his retirement from the company on December 31, 2021. After his exit from the company, Iger continued as an advisor to his successor, and was awarded $2 million per year for such advice. However, at the request of Disney's board of directors, Iger returned to Disney as CEO on November 20, 2022, following the unscheduled and immediate dismissal of his appointed successor, Bob Chapek. In July 2023, Disney renewed Iger's contract until 2026.

<span class="mw-page-title-main">Paul Otellini</span> Former president & CEO of Intel

Paul Stevens Otellini was an American businessman and one-time president and CEO of Intel. He was also on the board of directors of Google.

<span class="mw-page-title-main">University of Wisconsin–Stevens Point</span> Public university in Stevens Point, Wisconsin, US

The University of Wisconsin–Stevens Point is a public university in Stevens Point, Wisconsin. Established in 1894, it is part of the University of Wisconsin System. UW-Stevens Point grants associate, baccalaureate, and master's degrees, as well as doctoral degrees in audiology, educational sustainability, and physical therapy. In 2018, UW-Stevens Point merged with UW-Stevens Point at Wausau and UW-Stevens Point at Marshfield. The 406-acre (164 ha) main campus includes the 280-acre (113 ha) Schmeeckle Reserve on the north side of the Campus. There are 15 academic buildings, and 13 Residence Halls.

Terrence James Lundgren is an American business executive who retired on January 31, 2018, as executive chairman of Macy's, Inc. the parent company of fashion retailers Macy's, Bloomingdale's and Bluemercury. He had served for 14 years as chairman and chief executive officer of Macy's, Inc., becoming the company's executive chairman in 2017. He was named an executive in residence at Columbia Business School in 2017.

<span class="mw-page-title-main">Michael Dombeck</span>

Michael P. Dombeck is an American conservationist, educator, scientist, and outdoorsman. He served as acting director of the Bureau of Land Management from 1994 to 1997 and was the 14th Chief of the United States Forest Service from 1997 to 2001. Dombeck also served as UW System Fellow and Professor of Global Conservation at the University of Wisconsin-Stevens Point from 2001 to 2010. He was also the executive director of the David Smith Post-Doctoral Conservation Research Fellowship from 2005 to 2022.

<span class="mw-page-title-main">Gary C. Kelly</span> American business executive

Gary Clayton Kelly is an American business executive. He is the chairman and former chief executive officer of Southwest Airlines.

<span class="mw-page-title-main">3M</span> American multinational corporation

3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software, and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota.

<span class="mw-page-title-main">University of Wisconsin–Stevens Point at Marshfield</span> Satellite campus of the University of Wisconsin-Stevens Point, USA

The University of Wisconsin–Stevens Point at Marshfield, is a satellite campus of the University of Wisconsin–Stevens Point located in Marshfield, Wisconsin, USA.

Stephen M. Bennett is an American businessman. From 2012 until March 20, 2014, he served as the president and chief executive officer of Symantec.

<span class="mw-page-title-main">Wisconsin School of Business</span> Business school of the University of Wisconsin-Madison

The Wisconsin School of Business (WSB) is the business school of the University of Wisconsin–Madison, a public research university in Madison, Wisconsin and consistently ranks among the top business schools in the world. Founded in 1900, it has more than 46,000 living alumni across nearly 90 countries. The undergraduate program prepares students for business careers, offering 11 different majors, while its Master of Business Administration (MBA) program is based on focused career specializations, and its PhD program prepares students for careers in academia. The school offers student services, such as Accenture Leadership Center, The Huber Business Analytics Lab and International Programs. In the 2019 U.S. News & World Report rankings, the Wisconsin School of Business's undergraduate program was ranked 18th overall among business schools. The University of Wisconsin-Madison currently has the most Fortune 500 CEOs alumni of any school in the world, with 14.

Michael D. Fascitelli is an American businessman. He is a member of the Vornado Realty Trust board of trustees and former CEO and president of the company before stepping down from day-to-day responsibilities on February 26, 2013. He is a co-owner of the Milwaukee Bucks, and in 2017 founded a $500 million SPAC, Landscape Acquisitions, with Noam Gottesman where they both serve as co-chairman. Since stepping back from day-to-day responsibilities at Vornado, Fascitelli has formed MDF Capital, a family-office investment firm, Landscape Acquisitions, a hospitality and real estate focused SPAC, and Imperial Companies. He serves on the board of real estate technology startup Cadre.

Douglas M. Baker Jr. is the former chairman of the board and chief executive officer of Ecolab, Inc., a Fortune 500 company in water, hygiene and energy technologies and services.

Thomas J. Falk is an American businessman. He was. Chief Executive Officer of consumer product products giant Kimberly-Clark Corporation from 2002 until 2018 and remained as Executive Chairman until his retirement at the end of 2019.

Stephen L. Nass is an American Republican politician from Whitewater, Wisconsin. He is a member of the Wisconsin Senate, representing the 11th Senate district since 2015. He previously served 24 years in the Wisconsin State Assembly, from 1991 to 2015.

<span class="mw-page-title-main">James McNerney</span> American businessman (born 1949)

Walter James "Jim" McNerney Jr. is a business executive who was President and CEO of The Boeing Company from June 2005 to July 2015. McNerney was also Chairman from June 2005 until March 1, 2016. McNerney oversaw development of the Boeing 737 MAX.

<span class="mw-page-title-main">Mary Barra</span> American businesswoman and executive

Mary Teresa Barra is an American businesswoman who has been the chair and chief executive officer (CEO) of General Motors since January 15, 2014. She is the first female CEO of a 'Big Three' automaker. In December 2013, GM named her to succeed Daniel Akerson as CEO. Prior to being named CEO, Barra was executive vice president of global product development, purchasing, and supply chain.

<span class="mw-page-title-main">Kevin Warren</span> American attorney and sports executive (born 1963)

Kevin Fulbright Warren is an American attorney and sports executive. He is the team president and chief executive officer (CEO) for the Chicago Bears of the National Football League (NFL). He was previously the commissioner of the Big Ten Conference from 2020 to 2023, overseeing negotiations for expansion of the conference.

<span class="mw-page-title-main">Dennis Muilenburg</span> Former president, chairman and CEO of The Boeing Company

Dennis A. Muilenburg is an American engineer, business executive and a former president and chief executive officer (CEO) of Boeing, a multinational aerospace and defense company. He was CEO from 2015 to 2019, when he was fired in the aftermath of two crashes of the 737 MAX and its subsequent groundings.

William M. "Bill" Brown is an American business executive. He will become the CEO of 3M on May 1, 2024. Mr. Brown is also the former chairman of L3Harris Technologies, a large defense contracting company. Previously, he was the president, CEO and chairman of Harris Corporation, the company that merged with L3 Technologies to create L3Harris Technologies in 2019.

References

  1. 1 2 3 4 5 Crosby, Jackie (July 1, 2018). "Mike Roman ready to continue momentum at 3M as he takes over as CEO". Star Tribune . OCLC   43369847 . Retrieved July 14, 2020.
  2. ↑ "President's Export Council Members". International Trade Administration. 2024. Retrieved March 8, 2024.
  3. 1 2 3 DePass, Dee (August 31, 2019). "3M CEO seeing 'baptism by fire' with trade war, slowing economy". Star Tribune. Retrieved September 24, 2020.
  4. 1 2 3 "Alumnus CEO of 3M to address UW-Stevens Point graduates". University of Wisconsin–Stevens Point . Retrieved July 14, 2020.
  5. ↑ "Notable Alumni of UW-Stevens Point". University of Wisconsin–Stevens Point. Retrieved September 24, 2020.
  6. 1 2 3 "Alumnus Michael Roman Appointed CEO of 3M". University of Minnesota College of Science and Engineering. March 8, 2018. Retrieved July 8, 2020.
  7. 1 2 "3M chooses Michael Roman to replace Inge Thulin as chief executive". St. Paul Pioneer Press . Digital First Media. Associated Press. March 5, 2018. ISSN   0892-1083. OCLC   48259426 . Retrieved July 14, 2020.
  8. 1 2 "Alumnus CEO of 3M key speaker at UW-Stevens Point graduation". Wausau Pilot & Review. December 10, 2018. Retrieved July 14, 2020.
  9. ↑ "3M appoints Michael Roman as CEO; Inge Thulin will take new position as executive chairman of the board". CNBC. March 5, 2018. Retrieved August 25, 2020.
  10. ↑ "Brief: 3M Co Says Michael Roman's FY 2019 Total Compensation Was $18.3 Mln vs $12.9 Mln In FY 2018 – SEC Filing". Reuters. March 25, 2020. Retrieved September 24, 2020.
  11. ↑ "Business People: Securian Financial adds Debertin and Simermeyer to board". St. Paul Pioneer Press. July 21, 2019. Retrieved September 24, 2020.
  12. ↑ Niepow, Dan (June 25, 2019). "Four Minnesota Execs Land On Top CEOs List". Twin Cities Business Magazine. Retrieved September 24, 2020.
  13. ↑ McDowell, Erin (July 17, 2019). "The 45 most beloved CEOs in America, according to employees". Business Insider . Axel Springer SE . Retrieved September 24, 2020.
  14. ↑ Pietsch, Bryan (April 3, 2020). "'Nothing could be further from the truth': Mask-maker CEO fires back after Trump accuses company of not doing all it could to get masks to US healthcare workers". Business Insider. Retrieved September 24, 2020.
  15. ↑ Breuninger, Kevin (April 26, 2020). "Trump and 3M strike deal to bring 166.5 million masks to US in three months to help coronavirus response". CNBC. Retrieved September 24, 2020.
  16. ↑ "Business leaders honor ASU President Michael Crow with 2020 Eisenhower Award". Arizona State University. October 8, 2020. Retrieved November 12, 2020.
  17. ↑ "Board of Trustees". University of Minnesota Foundation. Retrieved July 14, 2020.
  18. ↑ "Members". Minnesota Business Partnership. Retrieved September 24, 2020.
  19. ↑ Halter, Nick (Jun 10, 2020). "More than 80 Minnesota business leaders call for police reforms". Minneapolis/St. Paul Business Journal. American City Business Journals . Retrieved September 24, 2020.
  20. ↑ Niepow, Dan (June 10, 2020). "Top Business Group Demands Police Reforms". Twin Cities Business Magazine. Retrieved September 24, 2020.
  21. ↑ "Minnesota Business Partnership urges lawmakers to adopt policing reforms that address police misconduct and increase accountability and transparency" (PDF). Minnesota Business Partnership. Retrieved September 24, 2020.
  22. ↑ "3M Announces New Leadership Appointments". 12 March 2024. Retrieved 12 March 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.