3M chief business officer fired for inappropriate conduct | CNN Business

Vale was promoted to a new role as 3M’s group president and chief business and country officer just last month. In that position, Vale oversaw 3M’s safety, industrial, consumer, transportation and electronics businesses, reporting directly to CEO Mike Roman. Before the new role, Vale served as 3M’s group president for the company’s safety and industrial business. Vale was paid more than $1.

Vale had been an employee at the company, which produces tape, surgical masks, and other industrial products, for more than 30 years. The company said he was terminated for cause, in an announcement on Monday. 3M said that it took immediate action after verifying Vale’s violation of company policy and that the inappropriate conduct was “unrelated to the company’s operations and financial performance.” The company’s stock opened in the red on Monday, but rebounded by early afternoon.

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