NEW BRITAIN, Conn.,
Feb. 23, 2021 /PRNewswire/ --
Stanley Black & Decker (NYSE:
SWK) today announced that it has named Donald Allan, Jr., President and CFO. In this
new role, Allan will continue his focus on driving strategic,
long-term profitable growth for the company and take on additional
responsibilities, such as the execution and advancement of the
company's operating model and certain growth initiatives. He will
continue to report to Stanley Black
& Decker's CEO James M.
Loree.
"Having worked hand-in-hand with Don for more than two decades,
I know him to be a values-based, agile and inspiring leader, and
this appointment recognizes the expanded responsibilities he has
assumed over the last several years," said Loree. "Don has had a
meaningful impact at the company and was a significant contributor
to our outstanding performance in 2020. Together, with our deep
bench of senior executives and teams around the globe, we have
built Stanley Black & Decker
into a world-class company focused on purpose, innovation and
social responsibility, and we are well-positioned for the next
period of growth."
In his new role, Allan will expand his responsibilities to
further the company's growth trajectory, including leading the
strategy and implementation of Stanley
Black & Decker's operating model and oversight of
Outdoor, Asia Tools & Storage
and Stanley X. He will retain his
existing responsibilities, including Finance, STANLEY Security, Information Technology, Margin
Resiliency, Industry 4.0 and Advanced Analytics, as well as shared
oversight of Global Operations and Supply Chain.
Allan joined the company in 1999 as director of financial
planning before being appointed Senior Vice President and CFO in
2008, and later Executive Vice President and CFO. He has been
instrumental in driving the company's transformation strategy to a
global diversified industrial with revenues approaching
$15 billion in 2020. Before joining
The Stanley Works, Allan held global financial management positions
with Loctite Corporation, and spent nine years with Ernst &
Young, predominately as part of the audit team.
Allan is Lead Director at Anderson Corporation and is Chairman
of the Board for United Way of Central and Northeastern Connecticut. He also serves on
the boards of several non-profits, including Junior Achievement of
Southwest New England, Boy Scouts Connecticut Rivers Council, The
University of Hartford's Barney School of Business and Hartford Stage.
Allan earned his bachelor's in accounting from the University of Hartford and is a CPA.
About Stanley Black &
Decker
Stanley Black & Decker is a
purpose-driven, $14.5 billion revenue industrial
organization. Stanley Black & Decker has 53,000 employees
in more than 60 countries and operates the world's largest tools
and storage business, the world's second-largest commercial
electronic security services company, a leading engineered
fastening business as well as Oil & Gas and Infrastructure
businesses. The company's iconic brands include BLACK+DECKER,
Bostitch, CRAFTSMAN, DEWALT, FACOM, IRWIN, LENOX, Porter
Cable and STANLEY. Stanley Black & Decker is a
company for the makers and innovators, the craftsmen and the
caregivers, and those doing the hard work to make the world a
better place. Learn more at www.stanleyblackanddecker.com.
Media Contacts:
Shannon
Lapierre
Chief Communications Officer
shannon.lapierre@sbdinc.com
860-259-7669
Debora Raymond
Vice President, Public Relations
debora.raymond@sbdinc.com
Investor Relations Contacts:
Dennis Lange
Vice President, Investor Relations
dennis.lange@sbdinc.com
860-827-3833
Cort Kaufman
Director, Investor Relations
cort.kaufman@sbdinc.com
860-515-2741
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SOURCE Stanley Black &
Decker