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Business & education services

3M finance chief departs after new CEO arrives

3M Co (NYSE:MMM) chief financial officer Monish Patolawala has resigned, to pursue another opportunity, weeks after the company appointed a new CEO.

Patolawala was announced today as joining Archer-Daniels-Midland, the food processor and grain trader.

The CFO, who has been at 3M for four years, will leave at the end of the month.

Chief executive office Bill Brown joined 3M in May, when previous boss Michael Roman moved to the role of executive chairman.

3M said it has initiated a CFO succession process and will provide updates as appropriate.

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