3M Board of Directors Announces Change: Gregory R. Page Retires

3M Company has announced that Gregory R. Page will retire from the Board of Directors effective August 11, 2025. This decision comes as Page has personal and professional commitments, including leadership roles on other public companies. The company acknowledges his contributions and impact during his tenure. The change is part of 3M's efforts to ensure its board is composed of individuals who can dedicate time and resources to guide the company's strategic direction.

3M Company (NYSE: MMM), a leading industrial conglomerate with an $81 billion market capitalization, has announced the retirement of Gregory R. Page from its board of directors, effective August 11, 2025. The decision was made due to Page's personal and professional commitments, including his leadership roles on the boards of other public companies. Page's contributions to 3M during his tenure have been acknowledged by the company.

The retirement comes as 3M continues its efforts to ensure its board is composed of individuals who can dedicate the necessary time and resources to guide the company's strategic direction. The company maintains a FAIR financial health score, with analysts maintaining a neutral stance on the stock [1].

In other recent news, 3M Company announced a quarterly dividend of $0.73 per share for the third quarter of 2025, payable on September 12 to shareholders of record as of August 25. Analysts have expressed varied views on the company's recent financial performance and future outlook. UBS has reiterated a Buy rating on 3M with a price target of $184, while Mizuho maintained a Neutral rating with a $155 price target. Citi increased its price target for 3M to $160, keeping a Neutral rating, and noted a positive trajectory under the company’s new management. RBC Capital, however, lowered its price target to $117 while maintaining an Underperform rating, citing a tepid outlook despite matching their revised estimates [2].

The retirement of Gregory R. Page does not disclose plans for a replacement or further details regarding board composition following his departure.

References:
[1] https://www.investing.com/news/sec-filings/3m-board-member-gregory-r-page-retires-citing-other-commitments-93CH-4196090
[2] https://simplywall.st/stocks/us/healthcare/nyse-elv/elevance-health/news/will-elevance-healths-elv-board-refresh-shape-its-strategic