Sir George William Buckley (born 23 February 1947) is a British businessman. He is the former chairman, president, and chief executive of 3M. He was named to these positions on 7 December 2005. He is the chairman of Ownership Capital B.V., chairman of Arle Capital LLP, chairman of Smiths Group plc, and chairman of Expro International.

Early life

George W. Buckley was born in

Sheffield Sheffield is a city status in the United Kingdom, city in South Yorkshire, England, whose name derives from the River Sheaf which runs through it. The city serves as the administrative centre of the City of Sheffield. It is Historic counties o ...

. He was raised by his disabled grandmother in

Pitsmoor Pitsmoor is a former village, now a suburb of Sheffield, England. The name derives from ''Or-pits'' as, anciently, the main local industry was the mining of ore.J. Edward Vickers, ''The Ancient Suburbs of Sheffield'', p.17 (1971) The village fal ...

. Buckley was apprenticed as an electrician, eventually progressing to a BSc in electrical and electronic engineering at the

University of Huddersfield , mottoeng = Thus not for you alone , established = 1825 – Huddersfield Science and Mechanics' Institute1992 – university status , type = Public , endowment = £2.47 million (2015) , chancellor = George W. Buckley , vice_chancel ...

. He also holds a PhD in engineering studied jointly at the University of Huddersfield and the

University of Southampton , mottoeng = The Heights Yield to Endeavour , type = Public research university , established = 1862 – Hartley Institution1902 – Hartley University College1913 – Southampton University Coll ...

, and an honorary DSc in engineering from the University of Huddersfield.

Career

In a 2009 letter to 3M shareholders, George W. Buckley discussed the actions he had taken in response to the economic climate, including cutting jobs. Buckley remarked that the layoffs that would number "as many as necessary but as few as possible," as well as how 3M "used furloughs, pay cuts, overtime bans, mandatory vacations and stringent incidental cost control to limit the number of layoffs, but in the end some were needed." He reassured shareholders that "In a 5% recession there is still 95% of the business left and winning an increasing share of that business has to be our focus." While CEO of 3M in 2008, Buckley earned a total compensation of $12,182,410; which included a base salary of $1,720,000; a cash bonus of $2,844,074; stocks granted of $4,002,421; options granted of $3,363,492; and other compensation of $252,423.CEO Compensation for George W. Buckley
, Equilar.com In 2009, George Buckley earned a total compensation of $13,992,628, which included a base salary of $1,720,000, a cash bonus of $3,859,112, stocks granted worth $4,333,655, options granted of $3,757,572, and other compensation of $322,289. Buckley was

knighted A knight is a person granted an honorary title of knighthood by a head of state (including the Pope) or representative for service to the monarch, the Christian denomination, church or the country, especially in a military capacity. Knighthood ...

in the

2011 Birthday Honours The Birthday Honours 2011 for the Commonwealth realms were announced on 11 June 2011 in the United Kingdom,United Kingdom: New Zealand,Prince Andrew, Duke of York Prince Andrew, Duke of York, (Andrew Albert Christian Edward; born 19 February 1960) is a member of the British royal family. He is the younger brother of King Charles III and the third child and second son of Queen Elizabeth II and Prince ...

References

External links

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3M Chairman, President and Chief Executive OfficerForbes profile of Buckley
{{DEFAULTSORT:Buckley, George W British chief executives Alumni of the University of Huddersfield Living people Knights Bachelor Businesspeople awarded knighthoods 1947 births Chief technology officers Alumni of the University of Southampton