3M, Inc. (MMM) announced Wednesday the resignation of Monish Patolawala, President and Chief Financial Officer, effective July 31, 2024, to pursue another opportunity. Patolawala will stay on through July 31, 2024, to ensure an orderly transition.
23 replies (most recent on top)
@9pfh
This Asraf has no records with 3M - who is this guy you are talking about?
Hopefully no women work in his new organization.
Bad reflection on leadership and the board that an obviously toxic leader was allowed to exist for years despite scores of complaints and investigations.
Fortunately his face is off the intranet now and I don’t have the urge to ba-f every time…
Only the director who got promoted out of turn in his function will miss him. Hopefully he goes with him. This department has a rich history of incompetence and toxic culture. Asraf took it to the level of an art. He is a toxic, incompetent, dishonest bully
Nobody at 3M would miss Asref, not even one person.
Sounds like a nice toxic company. Potty will adjust quickly. Rumor has it he’s taking asraf with him.
ADM just had a scandal involving its CFO and the SEC. So I guess MP got lucky to land at a spot where the CFO was even worse than he is.
Good riddance, GE alum.
So long, farewell Moneypot!
The only good thing was him spinning off Healthcare. Eventhough the share price is not as good as at listing, the company culture is changing for the better and is very different to mother mining.
So who will be doing the upcoming earnings call? Someone please ask the hard questions
quick! short ADM stock; you know which way it will head soon!
Hope ZD is next. Worst HR leadership ever.
Money Potti.....good riddance....you will not be missed in 3M
Good, don't let the door hit ya where the good lord split you Patolawala.
Deepest condolences to the company that will be ruined next. smh
After a pretty good year last year that included a $2.5 million bonus (granted on 6/1/24, LTI of $5.8 million, and a 25.9% raise PLUS a $1.5 million AIP this year…guessing it was not his idea to leave. Although, he might have gotten a better offer or decided to cut out after the 6/1 bonus award. Hard to say.
MoPa - You now qualify to post here! What’s the scoop?
Source: 2024 proxy statement, page 96.
Great news, but unfortunately a little late for 3M. An a--hole like him will get picked up by another company an allowed to destroy their business and layoff 1000s of employees!!!
Good luck ADM announces Monish EVP & CFO.
Good news but really too late
Next is asraf. He aligned himself with potty and was a snarky bee with an itch. Hopefully he’s next in the dumpster.
Better now than never. The SVP I report up through is saying a lot of hopeful things about Bill - and this particular SVP is a snarky m-fer, so that feels like a promising sign.
So frustrating. One of those whose leadership failures led to the downfall of the company and the ruin of many of ex employees lives. Achieved nothing other than changing the culture of the company for the worse.
Finally some good news
Great news! I am hoping FlimFlam is next!