Stanley Black & Decker : Robert J. Manning Elected to Stanley Black & Decker Board of Directors - Form 8-K
August 04, 2022 at 06:09 pm EDT
Share
Robert J. Manning Elected to Stanley Black & Decker Board of Directors
New Britain, Connecticut, August 4, 2022… Stanley Black & Decker (NYSE: SWK) today announced that Robert J. Manning, former Chairman and Chief Executive Officer of MFS Investment Management, has been elected to the company's Board of Directors.
With more than three decades of financial services experience and leadership, Manning brings a deep understanding of the investor community. Manning also has expertise in building corporate value and evaluating corporate capital allocation, operating systems and environmental, social and governance (ESG) strategies.
"Rob is a highly respected leader in the investment management industry, and his extensive knowledge of financial markets, investor perspectives and sustainable investing will enhance the expertise on our Board," said Andrea J. Ayers, Stanley Black & Decker Chair. "We look forward to working with Rob as we build on our efforts to maximize long-term value for all of our stakeholders." In accordance with its ongoing Board succession process, the Company has added five new non-management directors in the last three years.
Robert Manning said, "I am thrilled and honored to join the Stanley Black & Decker Board. Stanley Black & Decker is an iconic American company, and I will work every day to help it succeed in the future."
Manning retired as Non-Executive Chairman of MFS Investment Management earlier this year after a 37-year career with the company. Under his leadership, MFS evolved into a global investment manager capable of adding value for individual and institutional investors worldwide. He is credited for implementing initiatives which helped the firm weather the global financial crisis of 2008 and positioned MFS for continued success as the firm navigated through the global pandemic.
Manning joined MFS in 1984 as a Fixed Income Research Analyst and held several positions with increasing responsibility within the firm's Investment division, including Fixed Income Portfolio Manager, Fixed Income Strategist and Director of Fixed Income Research. In 2004, he was named Chief Executive Officer and Chief Investment Officer. Manning added the chair role in 2010 and was named co-CEO in 2015. He had been Executive Chairman since 2017 and Non-Executive Chairman since 2021.
Manning is a graduate of the University of Massachusetts - Lowell and earned an M.S. in Finance from Boston College. He is currently the Chair of the board of trustees for the UMass system.
About Stanley Black & Decker
Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world's largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose - for those who make the world - the company's more than 60,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world's makers, creators, tradespeople and builders. The company's iconic brands include DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®, HUSTLER® and TROY-BILT®. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit: www.stanleyblackanddecker.com
Media Contact:
Debora Raymond
Vice President, Public Relations
Debora.raymond@sbdinc.com
203-640-8054
Investor Contact:
Dennis Lange
Vice President, Investor Relations
Dennis.lange@sbdinc.com
860-827-3833
2
Attachments
Original Link
Original Document
Permalink
Disclaimer
Stanley Black & Decker Inc. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 22:04:17 UTC.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).