3M has completed its planned spin-off of its health care business. The new independent company, Solventum Corp., is now listed on the New York Stock Exchange as SOLV.
The Solventum business had sales of $8.2 billion in 2023 while part of 3M and is made up of 22,000 employees led by Bryan Hanson as chief executive officer, Wayde McMillan as chief financial officer, and Carrie Cox as board chair. Hanson and members of the Solventum Leadership Team will celebrate the new company by ringing the Opening Bell at the NYSE on April 3.