3M’s CFO Exits After Leadership Shakeup, Health-Care Spinoff
- Patolawala will take finance chief role at ADM in August
- Change comes after 3M appointed new CEO earlier this year
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3M Co. Chief Financial Officer Monish Patolawala is stepping down to take the same role at another company, further shaking up the industrial product maker’s leadership after a CEO change earlier this year.
Patolawala will remain through the end of the month with 3M, which has initiated a succession process to identify a replacement, the company said Wednesday in a statement. The executive will join agriculture supply company Archer-Daniels-Midland Co. as CFO on Aug. 1, according to a separate statement.