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Andrew Leckey
Nothing seems to hold down the manufacturer of Scotch Tape and Post-It Notes as it actively introduces innovative new products and expands its overseas reach.
Sales of its automobile-materials, water-filtration, health-care, consumer and office-related products have been strong. These have universal appeal and account for the company's robust growth in developing markets such as India, China and Brazil.
Yet to remain profitable this diversified company must cope effectively with economic uncertainty, introduce new technologies and make wise acquisitions.
Another uncertainty: There is no clear successor to Chairman and CEO George Buckley, who is scheduled to step down on his 65th birthday in
A dual citizen of the U.S. and U.K., Buckley recently received a knighthood from Queen Elizabeth for his business achievements and can now be called "Sir George."
The board says it is considering a range of CEO candidates. Longtime company executive Inge Thulin recently gained visibility as a potential candidate when he was promoted to chief operating officer.
First-quarter
Consensus analyst recommendation on
Earnings are expected to increase 9 percent this year compared to 13 percent for diversified industrial companies. Next year's projected 12 percent is in line with the forecast for its peers. The five-year annualized growth rate is expected to be 11 percent versus 14 percent forecast industry-wide.