3M Health Care President Departs Ahead of Spinoff

3M has revealed that Jeff Lavers, group president of the Health Care Business Group, has decided to leave the company on December 1.
 
Lavers’ departure aligns with the company’s planned spinoff of its Health Care business, which 3M CEO Mike Roman said is expected in the first half of 2024 in the company’s Q3 earnings call.
 
The company said the impending Health Care business will still be led by Bryan Hanson, former leader of Zimmer Biomet, as it continues to work toward the spinoff. Former Insulet chief financial officer (CFO) Wayde McMillan will join Hanson in the C-suite as 3M Health Care’s CFO.
 
3M also revealed that Ashish Khandpur, its group president of its transportation and electronics business, which leave the company on December 1 as well in order to become the president and CEO of another company.
 
“I want to thank Jeff and Ashish for their leadership throughout their careers at 3M, and I wish them all the best in their next chapters,” 3M chairman and CEO Mike Roman told the press. “Supported by our strong leadership team, 3M remains well positioned to deliver on our strategic priorities for our employees, customers, and all those who depend on 3M innovation.”