The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016.
REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 16 (Reuters) - U.S. industrial conglomerate 3M (MMM.N) said on Thursday its independent healthcare business would be called Solventum following its spinoff.
3M disclosed plans to spin off its healthcare business into a listed company last year, in which the U.S. industrial giant would retain a 19.9% stake.
The healthcare unit, which focuses on wound care, oral care and healthcare technology, reported about $8.4 billion in sales in 2022.
3M had said in August that Bryan Hanson would be the chief executive officer of the healthcare company.
Persons:
Mike Blake, Bryan Hanson, Christy Santhosh, Shilpi Majumdar
Organizations:
Down Jones, REUTERS, 3M, Thomson
Locations:
Irvine , California