Honolulu Star-Advertiser

Thursday, May 2, 2024 76° Today's Paper


Top News

3M fires company executive for inappropriate conduct weeks after promotion

ASSOCIATED PRESS
                                The logo for 3M appears on a screen above the trading floor of the New York Stock Exchange, in October 2017. 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced today.
1/1
Swipe or click to see more

ASSOCIATED PRESS

The logo for 3M appears on a screen above the trading floor of the New York Stock Exchange, in October 2017. 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced today.

WASHINGTON >> 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced today.

Vale was promoted to group president and chief business and country officer just last month. Vale worked at 3M for more than 30 years, according to an April 25 press release announcing his promotion, which said he would report to Chairman and CEO Mike Roman.

The St. Paul, Minnesota-based company said that Vale was terminated on Friday. 3M did not specify many details surrounding the executive’s termination but noted that his inappropriate conduct and violation of policy was “unrelated to the company’s operations and financial performance.”

According to 3M’s today announcement, the company took “immediate action” after verifying the violation.

3M has initated a search to find a replacement for Vale, the company said.

When contacted by The Associated Press today, 3M declined to comment further.

Vale’s termination arrives just weeks after 3M announced that the company would be cutting thousands of jobs as part of restructing actions.

When announcing first-quarter results in April, 3M said that these actions were expected to impact about 6,000 positions worldwide, in addition to the reduction of 2,500 manufacturing roles announced in January.

For the first quarter, 3M reported earnings of $1.76 per share. Sales totaled $8 billion for the period.

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.