Profile

As Director of 3M New Ventures EMEA, Mr. Andrae is responsible for all aspects of New Venture’s European operations. Next to general management and supervisory functions, this includes strategy setting, due diligence, deal structuring, and post-investment collaboration with the respective ventures.

Mr. Andrae brings almost twenty years of experience in consulting, strategic sales and marketing for major firms such as Andersen Consulting and Price Waterhouse. Mr. Andrae spent a significant amount of his career in North America and Asia, leading complex supply chain and IT implementation projects for major clients from the banking, automotive and telecommunications industry. After Price Waterhouse, Mr. Andrae held key positions at Ariba and Emptoris, where he was instrumental in directing the growth and success of the European operations of both companies.

Subsequently, he joined CombineNet as Vice President and Managing Director, developing the firm to one the leading providers of eSourcing solutions in Europe. Prior to joining 3M, Mr. Andrae was Vice President at Siemens AG, heading their Global Procurement Operations based out of Zurich, Switzerland.