ST. PAUL, Minn. -- Minnesota Mining & Manufacturing Co. has appointed General Electric Co.'s James McNerney as chairman and chief executive, the first outsider to run the maker of Post-It Notes and 50,000 other products.
The 51-year-old executive is leaving as head of General Electric's aircraft-engines business a week after being beaten by Jeffrey Immelt in the race to succeed Jack Welch. McNerney will take the position Jan. 1, said John Cornwell, a spokesman.