As Director of 3M New Ventures, Mr. Andrae is responsible for a set of global strategic initiatives, predominantly in areas like information and communication, automotive, and energy. These initiatives relate to advanced scenario planning and validation, technology foresight, academic and industrial collaborations, and venture capital financing for early stage companies. Prior to this, he was Vice President at Siemens AG, heading their Global Procurement Operations and brings more than 20 years of experience in consulting, strategic sales and marketing.