3M has appointed Nicholas Gangestad as senior vice president and chief financial officer, effective immediately.

He replaces David Meline, who is leaving to become chief financial officer with another large publicly traded company.

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Gangestad is a long-time manager at 3M. He served as corporate controller and chief accounting officer for the past three years, working closely with chairman, president and chief executive officer Inge Thulin, to drive strategies, improving its businesses and optimising its capital structure.

“Nick is an outstanding and respected financial leader amongst a very strong finance team,” said Thulin. “He has a proven track record of success and is ideally suited for the chief financial officer role.”

Gangestad’s 27 year career encompasses financial management positions across several businesses in multiple geographic regions, including the US, Asia Pacific, Latin America and Canada.

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