On Wednesday, 3M Co stated, it has appointed General Electric Co’s Monish Patolawala as its chief financial officer.

Patolawala will join 3M on July 1.

Patolawala, 51, currently serves as GE’s healthcare unit’s CFO. He will be replacing Nick Gangestad, who is set to retire, said 3M.

In 1994, Patolawala joined GE and he has been working closely with the company’s Chief Executive Officer Larry Culp as vice president of operational transformation, driving lean management across the company.

Before that, Patolawala worked with KPMG.

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