The company's chief operating officer will take over as president and CEO starting Feb. 24. The announcement ends speculation that 3M's board would waive the company's mandatory-retirement rule and allow Buckley, 65, to stay on.
Iconic Dangerfield's Supper Club sells, with buyer planning new concept
Dangerfield's Restaurant quietly sold recently after more than 30 years in business.
Charges: Minneapolis shooter photographed 'lifeless' body before fleeing
Charges filed against an accomplice reveal new details about the death of Chante Williams.
5 youths are 'persons of interest' in Maple Grove greenhouse fire
Police say it's being investigated as a possible arson.
Dave Hutchinson has police license suspended for 30 days
The sheriff's suspension will begin on Nov. 22.
Man with sword, officers who shot him in North Branch identified
The 31-year-old was shot multiple times in the Friday incident.
Motorcyclist dies after hitting deer, striking tree
The 72-year-old died at the scene.
MN-based USA Curling 'reviewing' report that CEO ignored abuse in NWSL
Jeff Plush is under fire for multiple allegations made by U.S. women soccer players.
Investing Beyond The Noise: Being an optimist is not stupid, it can be very profitable
You'll need this checklist to survive a bear market
Part of North Shore Scenic Drive closed due to coastal erosion
A permanent repair is being planned for 2023.
BCA: Missing 15-year-old from Glencoe might be in the Twin Cities
Treasure Robinson was last seen Sept. 17.
Sven Sundgaard responds to AccuWeather's winter forecast
Take anything beyond a couple weeks with a grain of salt, warns meteorologist Sven Sundgaard.
PepsiCo hires 3M's chief design officer
After 10 years at Maplewood-based 3M, Mauro Porcini will now focus on expanding Pepsi's 12 biggest brands, Fast Company reports. At 3M, Porcini had a role in designing office supplies, health care products and built a sought-after design team. Porcini joins PepsiCo on July 2.
Carlson names Rautio as new chief executive officer
The Minnetonka-based global hospitality and travel company has promoted Trudy Rautio as president and chief executive officer, effective immediately. For the past eight years, Rautio has served as executive vice president and chief financial officer of Carlson. She is replacing Hubert Joly who resigned to take the top job at Richfield-based Best Buy. Rautio is only the fifth chief executive of the 74-year-old hospitality and travel company.
Charges: 3M vice president stalked woman, peeped into windows
3M has placed him on administrative leave.
Supervalu fires CEO, names replacement
Supervalu has pushed out CEO Craig Herkert from the struggling Eden Prairie-based supermarket chain, the Associated Press reports. Chairman Wayne Sales will take on the roles of president and chief executive officer as Supervalu explores a possible sale of its operations following disappointing quarterly results.
3M CEO backs off growth projections
3M's Chief Executive Officer is revising the projections for annual sales growth set by his predecesor. Bloomberg reports 3M's new goal is to increase revenue four to six percent a year at existing businesses, a reduction from the seven to eight percent sought by the previous CEO.
3M settles lawsuit over Cogent purchase
Both 3M and Cogent deny any wrong doing, but have agreed to pay $1.9 million to shareholders and their attorneys. Bloomberg reports the investors claim Cogent CEO Ming Hsieh favored 3M to collect a retention bonus. The Maplewood-based company paid about $943 million in 2010 for Cogent.
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