3M 2015 Annual Report Download - page 7

TableofContents
projectsthatcontributetocurrentorfutureoperationsgenerallyarecapitalizedanddepreciatedovertheirestimatedusefullives.
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In2015,3Mexpendedabout$26millionforcapitalprojectsrelatedtoprotectingtheenvironment.Thisamountexcludes
expendituresforremediationactionsrelatingtoexistingmatterscausedbypastoperationsthatdonotcontributetocurrentorfuture
revenues,whichareexpensed.Capitalexpendituresforenvironmentalpurposeshaveincludedpollutioncontroldevices—suchas
wastewatertreatmentplantimprovements,scrubbers,containmentstructures,solventrecoveryunitsandthermaloxidizers—atnew
andexistingfacilitiesconstructedorupgradedinthenormalcourseofbusiness.ConsistentwiththeCompany’semphasison
environmentalresponsibility,capitalexpenditures(otherthanforremediationprojects)forknownprojectsarepresentlyexpectedto
beabout$51millionoverthenexttwoyearsforneworexpandedprogramstobuildfacilitiesormodifymanufacturingprocessesto
minimizewasteandreduceemissions.
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WhiletheCompanycannotpredictwithcertaintythefuturecostsofsuchcleanupactivities,capitalexpendituresoroperatingcosts
forenvironmentalcompliance,theCompanydoesnotbelievetheywillhaveamaterialeffectonitscapitalexpenditures,earningsor
competitiveposition.
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ExecutiveOfficers
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Followingisalistoftheexecutiveofficersof3M,andtheirage,presentposition,theyearelectedtotheirpresentpositionandother
positionstheyhaveheldduringthepastfiveyears.Nofamilyrelationshipsexistamonganyoftheexecutiveofficersnamed,noris
thereanyundisclosedarrangementorunderstandingpursuanttowhichanypersonwasselectedasanofficer.Thisinformationis
presentedinthetablebelowasofthedateofthe10-Kfiling(February11,2016).
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Name  Age  PresentPosition 
Year
Electedto
Present
Position  OtherPositionsHeldDuring2011-2015
IngeG.Thulin
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62
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ChairmanoftheBoard,Presidentand
ChiefExecutiveOfficer

2012

PresidentandChiefExecutiveOfficer,2012
ExecutiveVicePresidentandChiefOperatingOfficer,
2011-2012
ExecutiveVicePresident,InternationalOperations,
2004-2011
       
JamesL.Bauman

56

ExecutiveVicePresident,Electronics
andEnergyBusinessGroup

2015

SeniorVicePresident,BusinessTransformation,
Americas,2015
SeniorVicePresident,AsiaPacific,2012-2014
VicePresidentandGeneralManager,OpticalSystems
Division,2008-2012
       
JulieL.Bushman

54

SeniorVicePresident,Business
TransformationandInformation
Technology

2013

ExecutiveVicePresident,SafetyandGraphics,2012-
2013
ExecutiveVicePresident,Safety,Securityand
ProtectionServicesBusiness,2011-2012
VicePresidentandGeneralManager,Occupational
HealthandEnvironmentalSafetyDivision,2007-
2011
       
JoaquinDelgado 56 ExecutiveVicePresident,HealthCare
BusinessGroup 2012 ExecutiveVicePresident,ElectroandCommunications Business,2009-2012
       
IvanK.Fong 54 SeniorVicePresident,LegalAffairsand
GeneralCounsel 2012 GeneralCounsel,U.S.DepartmentofHomeland Security,2009-2012
       
NicolasC.Gangestad

51

SeniorVicePresidentandChief
FinancialOfficer 
2014

VicePresident,CorporateControllerandChief
AccountingOfficer,2011-2014
Director,CorporateAccounting,2007-2011
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