3M CEO is helping turnaround the company after PFAS issues, Bloomberg reports

After years of issues related to the company’s selling of PFAS, William Brown joined the company as CEO, with the idea 3M (MMM) had an opportunity to pay attention to everything else as long as the liabilities related to PFAS did not end up worse than investors’ already downtrodden expectations, Brooke Sutherland and Kiel Porter of Bloomberg reports. Brown cleared out much of the upper management and has pushed to improve how the company satisfies its orders. With liabilities looking to be less than expected, shares are worth about 60% more than they did last May.