Michael Roman Biography and Net Worth

Mike Roman is chairman of the board and chief executive officer of 3M, a $35 billion science and manufacturing company that improves lives around the world. 3M leverages its 51 technology platforms to create differentiated solutions for customers through four business groups: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer.

The company’s 96,000 employees are united by a common purpose: unlocking the value of people, science, and ideas to re-imagine what is possible. 3M’s purpose drives its performance, and the company is advancing four strategic priorities to support long-term value creation: Portfolio Management, Transforming the 3M Operating Model, Growth through Innovation, and People and Culture. The company’s financial objectives include continuing to grow above the markets it serves, expand margins and generate strong cash flow. 3M has increased its dividend for 64 straight years.

Under Mike’s leadership, 3M has also helped lead the world’s response to COVID-19, which includes distributing more than 4 billion respirators to protect nurses, doctors and first responders. The company is strengthening environmental stewardship with a $1 billion commitment to achieve carbon neutrality, reduce water use, improve water quality and reduce its use of plastics. 3M is advancing diversity, equity and inclusion with a pledge to double its representation of underrepresented groups, along with new initiatives to strengthen STEM education. For nine straight years, 3M has been recognized by Ethisphere as one of the World’s Most Ethical Companies.

Mike became chairman of the board in May 2019 and chief executive officer in July 2018. He previously served as chief operating officer, led 3M’s largest business group and was chief strategist. Throughout Mike’s career, he has lived and led businesses around the world, including the United States, Europe and Asia. He joined 3M in 1988 as a senior design engineer.

Mike holds a master’s degree in Electrical Engineering from the University of Southern California, and a bachelor’s degree from the University of Minnesota. He serves on the board of Abbott Laboratories and on the University of Minnesota Foundation Board of Trustees. Mike and his family enjoy a variety of physical fitness and outdoor activities. As a former “Big,” Mike is a long-time supporter of Big Brothers Big Sisters of America.