3M India Limited has informed the Exchange regarding Board meeting held on August 25, 2025.
3MINDIA · price
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3M India's board, at its meeting on August 25, 2025, approved the appointment of Mr. Aseem Joshi as President and Managing Director (Designate), effective October 13, 2025. Mr. Joshi is an external hire, most recently serving as CEO of GMM Pfaudler's India business from 2021 to 2025, with prior leadership stints at Honeywell, Eaton, McKinsey, and IBM. He holds an MBA from INSEAD and an MS from Virginia Tech. Current Managing Director Mr. Ramesh Ramadurai will continue in his role and work with Mr. Joshi during the transition. Mr. Joshi will formally take on the Managing Director title at a later date, subject to board and shareholder approvals.
This is a planned leadership transition at the top of the company. For shareholders, it signals continuity through a handover period rather than any abrupt change. A new external leader could bring fresh strategic direction, but the formal MD designation remains pending shareholder approval.