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.

James W Rane
The 10 Richest People in Alabama in 2019
Louis Bacon
20 Things You Didn’t Know About Louis Moore Bacon
Afya Limited
20 Things You Didn’t Know About Afya Limited
Bruce Kovner
20 Things You Didn’t Know About Bruce Kovner
Portfolio
The Top 10 Mutual Funds by 10 Year Performance
Navy Federal Credit Card
The 10 Best Credit Cards for Military Members
cryptocurrency
The 10 Most Valuable Cryptocurrencies in the World
The 10 Best Credit Cards for Small Businesses
solar panels
The Five Best Solar Panel Companies Based on Efficiency
airpods
Why Are AirPods So Expensive? Here’s The Answer
Computer Virus
The 10 Worst Computer Viruses of All-Time
printer ink
Why is Printer Ink So Expensive? Here’s the Answer
The Top 10 Golf Courses in Palm Springs
Florida U.S. 1
The 20 Worst Roads in America in 2019
The Top 10 Golf Courses in Orlando, Florida
Why The Private Suite at LAX is the Ultimate Airport Experience
The Porsche 911 Carrera RS
10 of the Best Porsche Carrera Models of All Time
Ferrari Testarossa
10 Best Ferrari Testarossa Models of All-Time
1982 Porsche 944
The Five Best Porsche 944 Models of All-Time
Ferrari Portofino
10 Things You’ll Love About the Ferrari Portofino
A Closer Look at the Hublot Bigger Bang
IWC Big Pilot's Watch Constant-Force Tourbillon Edition Le Petit Prince
A Closer Look at the IWC Big Pilot’s Watch Constant-Force Tourbillon Edition Le Petit Prince
A Closer Look at the Jaeger-LeCoultre Master Ultra Thin Tourbillon
Time Traveling: The Hublot Classic Fusion Zirconium