Inge Thulin, born in Sweden has risen through the ranks of an American multinational and now head this company.
Inge Thulin was born on November 9, 1953, in Malmo, Sweden. Inge studied Economics and Marketing at the School of Business, Economics and Law and related training at IHM Business School.
He joined 3M in 1979 working in sales and marketing. He rose through the ranks holding positions of wider responsibilities. Thulin was promoted to vice president for the entire 3M in May 1, 2011, and was responsible for all the Group’s six business areas and international markets. He was able to grow sales to $20 billion which is two-thirds of the total group turnover.
Inge’s predecessor Sir George W. Buckley, PhD eventually retired and Inge replaced him and became president and CEO on February 24, 2012. The title of chairman would later be added.
Today around 64 percent of 3M’s revenue comes from outside the US and 60 percent of its employees work beyond US borders.
Inge broke tradition in 2014 when he held 3M’s annual meeting outside of Minnesota for the first time, in Austin, Texas. He also surprised Wall Street with news that 3M could pursue multibillion-dollar acquisitions for the first time. Under Inge’s leadership the stock of 3M rose from $123 to $162 a share this year and breached the $100 billion market cap for the first time. This year, construction is well underway for the company’s new $150 million R&D Center on its Maplewood campus.
3M is a diversified technology company serving customers and communities with innovative products and services. The company operates its business through six segments: Industrial and Transportation, Health Care, Consumer and Office, Safety, Security and Protection Services, Display and Graphics and Electro and Communications.
Inge is proof of the quality of management and leadership skills of Swedish executives becoming president of a major publicly traded American conglomerate and guiding the company on a prosperous path.
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