10 Things You Didn’t Know about 3M CEO Michael Roman

Michael Roman is the current CEO of 3M, which is a multi-national colossus of a corporation with a presence in sectors that range from healthcare to consumer goods. He is a relative newcomer to the position, seeing as how he was promoted earlier in 2018. However, Roman is by no means a newcomer to 3M, seeing as how he has been there for 30 years. Here are 10 things that you may or may not have known about Michael Roman:

1. Michael Means “Who Is Like God”

Michael comes from a Hebrew name that means “who is like God.” It is not a descriptor. Instead, it is a rhetorical question with the strong implication that there is no one who is like God. Michael and its variants have become popular in a wide range of countries because of the archangel of the same name, who is one of the most famous Christian saints.

2. Roman Means Roman

Perhaps unsurprisingly, Roman means Roman. In short, the name is believed to have come from Romanus, which started out as a Roman cognomen before seeing use in other contexts as well. For instance, the hellenized Romanos saw a fair amount of use in the Greece of the past, though it isn’t very popular in the present.

3. Went to University of Minnesota

Roman went to the University of Minnesota, where he graduated with a B.E.E. For those who are unfamliar with that particular degree, it stands for a Bachelor of Electrical Engineering. Later, Roman went on to get a Master’s degree from the University of Southern California as well.

4. Replaced Inge Sulin as CEO

In March of 2018, Roman became CEO of 3M. By doing so, he replaced Inge Sulin, who was appointed to a new position at 3M called the Executive Chairman of the Board. As such, Sulin is expected to help Roman with strategic initiatives that will have important consequences for 3M in the long run, which makes sense considering the name of the position.

5. His Children Helped Him Move into His New Office

When Roman became the new CEO, his adult children helped him move into his new office. Supposedly, this is something of a tradition for the Roman family, which is meant to let the children get a better idea of where their father spends so much of his time.

6. Stated Intent to Maintain Momentum

At the time of Roman’s rise to the position of CEO, he stated his intent to maintain 3M’s upward momentum. This was important because for some time, 3M had been suffering from downward pressure because of causes that ranged from falling demand to unpredictable oil and gas prices.

7. Expected to Focus on Growth

Speaking of which, some of the people who commented on Roman’s rise speculated that he would be continuing in his predecessor’s footsteps. In their opinion, his predecessor had laid the foundations by focusing on eliminating inefficiencies, meaning that Roman was expected to follow up by making use of that preparation to focus on growth.

8. He Wasn’t Too Concerned about Trump’s Economic Policies

Roman was also known to have commented about the impact of Trump’s economic policies on 3M’s prospects. In short, he stated that he and other members of the senior leadership at the corporation were paying close attention to what was happening. However, Roman was of the opinion that the economic policies would have a bigger impact on 3M’s customers rather than 3M because its international footprint would enable it to better-respond to changing circumstances, particularly since it had its strong economic performance to serve as a kind of cushion.

9. Sees the Need to Be Responsive As One of the Major Challenges of Modern Times

When it comes to challenges, Roman has stated that the need to keep up with changing circumstances is one of the biggest for modern CEOs. It is one of the reasons that 3M has been so focused on becoming more agile, which should enable it to become more responsive.

10. Sees 3M As Both Purpose-Driven and Performance-Driven in Nature

Roman has described 3M as being both purpose-driven and performance-driven in nature. However, they are not separate considerations. Instead, one leads to the other.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Software as a Service
20 Things You Didn’t Know About Coveo
WeFox Group
20 Things You Didn’t Know About Wefox
Eric Breon
10 Things You Didn’t Know About Vacasa CEO Eric Breon
Iterable
20 Things You Didn’t Know About Iterable
Twitch
What is TwitchStocks and Should You Join?
Stock Market
10 Stocks to Consider if You Like AMD
Stocks
The 20 Most Undervalued Stocks of 2020
AT&T
10 Stocks to Consider If You like AT&T
Portugal
The 20 Best Places In the World for Expats to Live
The 20 Best Places to Live in London
The 20 Best Places to Live in Sacramento
Fairway
The 20 Best Places to Live in Kansas
The 10 Best Hotels in Corpus Christi, TX
Sausalito
The 10 Best Seafood Restaurants in Sausalito, CA
Delray Beach
The 10 Best Seafood Restaurants in Delray Beach
Gulf Shores
The 20 Best Hotels in Gulf Shores
Awesome Used Cars
20 Awesome Used Cars for Under $10,000
2020 Tesla Model S
The 20 Most Long Range Electric Cars for 2020
lambo
20 Reasons to Consider Getting a Certified Pre-Owned Car
Best 8-Passenger Cars
The 10 Best 8-Passenger Cars for 2020
Gamma 2
The 20 Best Reactor Watches In The World
Rado Watches
The 20 Best Rado Watches of All-Time
Flieger Cockpit one 1 Aviatis watch day date Automatic 704.21.18 L.01
The 10 Best Fortis Watches of All-Time
Mahogany
The 20 Best Original Grain Watches of All-Time