Patolawala, 51, is currently at GE Healthcare, where he has served as CFO of the approximately $17 billion business, driving its financial strategy and performance since 2015. Patolawala joined GE in 1994. He is a certified chartered accountant with experience at A.F. Ferguson & Co. (an ex-affiliate of KPMG) prior to his tenure at GE.
“I am pleased to welcome Monish to our leadership team,” said Mike Roman, 3M chairman and CEO. “His deep and extensive experience in leading the financial operations of industrial and healthcare businesses – as well as driving operational changes – will make an immediate impact as we manage through the current economic challenges and continue to position 3M for the future.”
“On behalf of our board of directors and all 3Mers, I thank Nick for his exceptional contributions throughout his 35-year career,” said Roman. “He has been a great leader, mentor and colleague, and he has created tremendous value for our company and our shareholders. In his six years as CFO, Nick’s guidance has been especially critical as he helped lead our transformation journey, and our work to optimize our portfolio and position 3M for the future.”
As CFO, Patolawala will lead 3M’s global finance organization and will be responsible for accounting, treasury, financial planning and analysis, tax, and investor relations.