The 3M board of directors has established a new committee to provide oversight of the company’s strategies related to research and development, commercialization, sustainability, environmental stewardship, and other related activities. According to 3M, the new Science, Technology & Sustainability Committee will help ensure the company is building on its innovation capabilities while maintaining its product stewardship standards.

“As a science-based company that relies on investments and capabilities in R&D, commercialization and sustainability for our success, this new committee aligns with 3M’s strategic priorities and enables the board greater focus and engagement on a critical element of our strategy,” said Mike Roman, chairman and CEO.

In addition to forming the Science, Technology & Sustainability Committee, the board has ended the Finance Committee. The responsibilities of the Finance Committee will be managed by the Audit Committee and the full board.

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