The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

In today's edition, Brendan and Austin talk about one of Brendan's favorite conglomerates, 3M. The company is coming off a change at the top, with former COO Inge Thulin replacing George Buckley as CEO. While Brendan thought Buckley deserved to stay on after he led 3M through the financial crisis, Thulin is expected to lead 3M in much the same way as his predecessor. The company will continue to be an innovator, and it will likely continue Buckley's strategy of expanding internationally and pursuing acquisitions to boost returns.