As Robert S. Morrison takes over as Interim CEO for the departing W. James McNerney Jr., this highly diversified company is looking to markets outside the U.S. to fuel its growth.
Competing in the various markets of with such well-known brands as Scotch, Post-it, Scotchgard and Thinsulate, Morrison feels confident about 3M's future. "3M has a powerful technology heritage and strong business platforms around the world and I am very confident that the right team and the right plans are in place to realize our potential," says Morgan.
Before his departure, McNerney spoke of the future: "Looking ahead, we see our real opportunity for growth in the world's developing economies, including Greater China, Russia, Eastern Europe, Brazil and India. These countries will represent close to half of our total growth over the next three years." On the innovation front, McNerney cited several major technology growth platforms, including track and trace, nanotechnology, separation and filtration, and sensors and diagnostics.
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