MAPLEWOOD, Minn. (AP) — 3M Co. said on Wednesday that it has named Coca-Cola Co. Chairman and CEO Muhtar Kent to its board of directors, effective April 1.
The appointment expands the company's board to 11 directors.
Kent, 60, has been CEO of Coca-Cola since 2008, and he became chairman in 2009. Before that he was president and chief operating officer, and was president of Coca-Cola International.
Maplewood, Minn.-based 3M makes a variety of office and industrial tapes, adhesives, and coatings.
Its shares rose 62 cents to $102.11 in morning trading Wednesday after briefly rising as high as $102.46. FactSet said that is an all-time high.