Last week, Stanley Black & Decker announced that Don Allan, president and CFO, will succeed Jim Loree as CEO, effective July 1, 2022.
During his 20+ year tenure with the organisation, Jim has contributed to the growth and strategic repositioning of the business, and his strong dedication to the company’s key stakeholders will be hallmarks of his legacy.
Since joining the company in 1999, Don has had a significant impact on the company’s growth and has been instrumental in driving the company’s transformation strategy.
Jim said: “It has been an enormous privilege to serve as CEO of this iconic company,
“I am exceptionally proud of all we have been able to accomplish during my career at Stanley Black & Decker, particularly over the past six years as CEO, and I am confident that the company has a bright future ahead.”
Don said: “I am honoured to be named CEO and appreciate the Board’s trust and support,
“Looking ahead, with our recent portfolio actions, Stanley Black & Decker is a more focused and streamlined company, with leading franchises that serve the construction, outdoor, and industrial markets.”
>>Read more about Stanley Black & Decker here.
