3M Co. has appointed Microsoft Chief Financial Officer Amy Hood to its board of directors, company officials announced Monday.
3M appoints Microsoft CFO to its board of directors
August 15, 2017 at 2:09AM
The appointment, made official on Sunday, puts a savvy financial and information technology expert in the board seat of the Maplewood-based conglomerate that makes products like Post-it notes and Scotch tape, but also respirators, adhesives for the automotive industry and films for electronics products.
Hood joined Microsoft in 2002 and was appointed its CFO in July 2013. Her appointment brings the number of 3M board members to 12. She will serve on the 3M board's finance committee.
"We are extremely pleased to welcome Ms. Hood to our board," said 3M CEO Inge Thulin in a statement. "She brings her tremendous skill and immense experience to our board, especially in strategic business development, finance and digitization."
Before 2013, Hood was CFO of the Microsoft division responsible for productivity applications and services, which includes Microsoft Office 365 and Dynamics 365. Hood also helped lead the transition to Microsoft's Commercial Cloud services and is involved in pursuing strategic investments such as the acquisition of Mojang AB (maker of Minecraft) and LinkedIn.
Before joining Microsoft, Hood worked at Goldman Sachs & Co. in the investment banking and capital markets divisions. She earned a bachelor's degree in economics from Duke University and a master's degree in business administration from Harvard University.
In 2016, Hood was named to Fortune's Most Powerful Women list.
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Women are more likely than men to report that their jobs are causing stress and impacting their mental health.
