3M
(NYSE: MMM)
announced today that Jeff Lavers, group president of its Health Care Business Group, intends to depart the company.
The departure of Lavers — which goes into effect on Dec. 1 — arrives in conjunction with the company’s planned Health Care spinoff. 3M said last month that it expects to complete that spinoff in early 2024.
The company said it plans for new Health Care CEO Bryan Hanson to continue leading the business as it works toward the spinoff. Hanson announced his departure from the corner office at Zimmer Biomet to take over the company in August. The company also landed former Insulet CFO Wayde McMillan as he takes over the same post.
3M Health Care is one of the largest medtech businesses in the world, with more than $8 billion in annual revenue.
The company also noted the departure of Ashish Khandpur, group president for its Transportation and Electronics Business Group.
“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,” said Chair and CEO Mike Roman. “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.”