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Opportunities Within 3 Finance

Indiana University Professional Opportunities Orientation Program Sessions September 17, 2002. Opportunities Within 3 Finance. 3 Overview. 2001 Worldwide Sales were $16.1 Billion Headquarters Located in St. Paul, MN 6 Market Segments 70,000 Employees Worldwide Global Company.

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Opportunities Within 3 Finance

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  1. Indiana University Professional Opportunities Orientation Program Sessions September 17, 2002 Opportunities Within 3 Finance

  2. 3 Overview • 2001 Worldwide Sales were $16.1 Billion • Headquarters Located in St. Paul, MN • 6 Market Segments • 70,000 Employees Worldwide • Global Company

  3. 3 Market Structure Specialty Material Mkts 2001 Sales: $1.0 B Transportation,Graphics & Safety Mkts 2001 Sales: $3.5 B Health Care Mkts 2001 Sales: $3.4 B

  4. 3 Market Structure Electro & Communications Mkts 2001 Sales: $2.2 B Consumer & Office Mkts 2001 Sales: $2.7 B Industrial Mkts 2001 Sales: $3.2 B

  5. 3 International • Operations in > 60 Countries • Sales in > 200 Countries (Int’l = 53% of Total Sales) • • 75% of Executives Have International Experience • • 99% of Int’l Employees Are Local Nationals International Is 3M’s Single Biggest Growth Platform

  6. 3 Finance Organization W. James McNerney CEO Patrick D. Campbell CFO Controllers/Ops Finance Corporate Audit Fin. Planning & Analysis Tax Treasurers

  7. 3 Finance - MISSION To Lead 3 in Creating Strategies that Maximize Shareholder Value, Flawlessly Execute Our Fiduciary Responsibilities, and Develop a Pool of Leadership Candidates for Opportunities within Finance or 3Business Units.

  8. 3 Finance The Finance Leadership Profile…. • CEO’s Right Hand Resource • Administrator of data (transaction productivity) • Controllership (reporting/business controls) • Business partner (strategic support, analysis, execution) • Leader (change agent, chart the course) • Provide Information (Timely, Relevant, Consistent) • Equal emphasis on revenue and cost • Drive ‘Cash is King’ mentality • Fiduciary Conscience Of The Business • Develop Operational Business Leaders Team Player…Driving Results

  9. 3 Finance Organization W. James McNerney CEO Patrick D. Campbell CFO Controllers/Ops Finance Corporate Audit Fin. Planning & Analysis Tax Treasurers = Grad New Employees Typically Begin InCorporate Audit Or Controllers/Operations Finance

  10. 3 Corporate Audit 3 Corporate Audit Is… • …An Independent & Objective Assurance & Consulting Activity… • …Whose Purpose Is To Evaluate & Improve Risk Management & Control Processes… • …Acting As A Partner To 3M Business Units

  11. 3 Corporate Audit Opportunities Within Corporate Audit… • Broad Exposure to 3M… • Business Audits (Divisions) • Functional Audits (Sourcing, Engineering, etc.) • Location Audits (Production/Distribution Facilities) • Audit Performance • Work as an Audit Team • Gather & Analyze Information • Present Recommendations to Business Decision Makers • Lead An Audit Team • Travel • Production & Distribution Facilities Offer Travel Opportunities

  12. 3 Controllers/Operations Finance The Role of 3 Controllers/Ops Finance is… • Accurate & Efficient Financial Reporting • Financial Counsel to Business Units & Plants • Protect & Enhance Shareholder Value Org Structure Mirrors the Corporation • Finance Group w/in Each Business Unit • Integral Part of the Business Team

  13. 3 Controllers/Operations Finance Opportunities W/in The Controllers/Ops Finance Area… • Information Preparation and Delivery • Accurate, Timely, & Representative Financial Reports • Internal & External • Business Counsel • Business Analysis, Planning, & Projections • Assess & Prioritize Investments/Resources • Plant Finance • Forecasting & Budgeting Process • Working Capital Management Analysis • Cost Reduction & Capacity Planning Programs

  14. 3 Career Path Movement w/in Finance & Other Areas Encouraged… • 1-2 Years in First Position • Opportunities Abound for Upward & Lateral Moves • Treasury • Business Development / M&A • Financial Planning & Analysis (5 Corporate Initiatives) • Longer Term General Manager Opportunities Freedom To Take Control of & Guide Your Own Career!

  15. 3 Finance What We Look For… • Accounting & Finance Majors • Solid Academic Performance • Excellent Communication Skills • Relevant Work Experiences • Leadership Experiences • Willing to Travel • Geographically Flexible • Change Agent In Summary, 3M Is Looking For LEADERS!!!

  16. 3 Leadership Attributes • Charts The Course • Resourcefully Innovates • Raises The Bar • Lives 3M Values • Energizes Others • Delivers Results Employees Advance Based on Performance in These Areas

  17. 3 Training & Development • Annual Performance Reviews & Development Planning • New Employee Roundtable • Six-Sigma Training • Continuing Education – Tuition Reimbursement • Leadership Development Institute • Certifications • Professional Organizations • Relocation Opportunities The Most Successful Employees AreConstantly Growing Their Skill Sets

  18. Summary • 3M Offers a Chance to Participate in A Company Undergoing a Cultural Rebirth…Making a Great Company Even Better • 3M Finance Expected to Lead the Transformation…the Right Hand Business Partner • The Game Plan is Underway…The Performance is High…Looking for Leaders to Accelerate the Pace

  19. 3 Stock Performance Stock Price Performance In Tough Times… 3 DJIA S&P 500 GE

  20. Summary This is an Exciting Time For You… …ENJOY IT!

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