Manufacturing Industry
New world leader: 3M Co.'s James McNerney, CEO Of The Year, is committed to operating excellence and organic growth through innovation, international strength, leadership development and Six Sigma.(Leadership)(Cover Story)
Industry Week, January, 2004 by McClenahen, John S.
There is one notable thing that W. James McNerney Jr. is not. He is no longer one of two former General Electric Co. executives who did not get Jack Welch's job when the legendary leader chose his successor in November 2000.
In his non-flamboyant yet focused way, McNerney has impressively established his own identity as chairman and CEO of $16.3 billion 3M Co., the St. Paul, Minn.-based, technology-intense manufacturer he joined officially on Jan. 1, 2001. Arguably McNerney, the first outsider to head 3M, has so far written a better business record than Robert L. Nardelli, the other runner-up for Welch's job and now chairman and CEO at Home Depot inc., and Jeffrey R. Immelt, who did get Welch's job as GE chairman and CEO. "Of the three of them, if you looked...
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