These days, just making Post-it notes and Scotch tape is not enough to keep growing. Just ask 3M (NYSE: MMM), which owns the brands. Three years ago, a newly promoted CEO realized the company needed to do more to expand. The first step was a reorganization, and now 3M is both buying and selling along new lines.
In late 2012, several months after being promoted from chief operating officer to chief executive, Inge Thulin reorganized the St. Paul, Minnesota-based company, consolidating six divisions: health care; industrial; consumer; electronics and energy; and safety and graphics.