Stanley Black & Decker Announces Leadership Transition Plan
Stanley Black & Decker (NYSE: SWK) has announced a significant leadership transition plan. Christopher Nelson, currently Chief Operating Officer and Executive VP of Tools & Outdoor, will become President and CEO effective October 1, 2025. Current CEO Donald Allan, Jr. will transition to Executive Chair of the Board, while Board Chair Andrea Ayers will become Lead Independent Director.
Nelson, who joined the company in 2023, brings over 25 years of executive leadership experience and has been instrumental in optimizing the company's $13 billion Tools & Outdoor business. The transition is part of a comprehensive succession plan, with Allan expected to retire on October 1, 2026, after which the company will return to an Independent Board Chair structure.
The company also reaffirmed its financial outlook, stating that it continues to expect Second Quarter GAAP and Adjusted EPS performance to exceed its 2025 Planning Assumptions from the Q1 2025 earnings call, consistent with statements made at a May investor conference.
Stanley Black & Decker (NYSE: SWK) ha annunciato un importante piano di transizione della leadership. Christopher Nelson, attualmente Chief Operating Officer e Vicepresidente Esecutivo di Tools & Outdoor, assumerà la carica di Presidente e CEO a partire dal 1° ottobre 2025. L'attuale CEO Donald Allan, Jr. passerà alla posizione di Presidente Esecutivo del Consiglio, mentre la Presidente del Consiglio Andrea Ayers diventerà Direttrice Indipendente Principale.
Nelson, entrato in azienda nel 2023, porta con sé oltre 25 anni di esperienza nella leadership esecutiva ed è stato fondamentale nell'ottimizzazione del business Tools & Outdoor da 13 miliardi di dollari. La transizione fa parte di un piano di successione completo, con Allan che prevede di andare in pensione il 1° ottobre 2026, dopo di che l'azienda tornerà a una struttura con Presidente del Consiglio Indipendente.
L'azienda ha inoltre confermato le sue previsioni finanziarie, dichiarando di attendersi che la performance del secondo trimestre in termini di EPS GAAP e rettificato supererà le ipotesi di pianificazione per il 2025 emerse durante la call sugli utili del primo trimestre 2025, in linea con quanto dichiarato durante una conferenza con investitori a maggio.
Stanley Black & Decker (NYSE: SWK) ha anunciado un importante plan de transición de liderazgo. Christopher Nelson, actualmente Director de Operaciones y Vicepresidente Ejecutivo de Tools & Outdoor, se convertirá en Presidente y CEO a partir del 1 de octubre de 2025. El actual CEO Donald Allan, Jr. pasará a ser Presidente Ejecutivo de la Junta, mientras que la Presidenta de la Junta, Andrea Ayers, asumirá el cargo de Directora Independiente Principal.
Nelson, que se unió a la empresa en 2023, aporta más de 25 años de experiencia en liderazgo ejecutivo y ha sido clave para optimizar el negocio de Tools & Outdoor de 13 mil millones de dólares. La transición forma parte de un plan integral de sucesión, y se espera que Allan se jubile el 1 de octubre de 2026, tras lo cual la empresa volverá a tener una estructura de Presidente de Junta Independiente.
La empresa también reafirmó sus perspectivas financieras, indicando que continúa esperando que el rendimiento del EPS GAAP y Ajustado del segundo trimestre supere las Asunciones de Planificación para 2025 presentadas en la llamada de resultados del primer trimestre de 2025, en línea con las declaraciones realizadas en una conferencia para inversores en mayo.
Stanley Black & Decker (NYSE: SWK)는 중요한 리더십 전환 계획을 발표했습니다. 현재 운영 책임자이자 Tools & Outdoor 부문 부사장인 Christopher Nelson이 2025년 10월 1일부로 사장 겸 CEO로 취임합니다. 현 CEO인 Donald Allan, Jr.는 이사회 집행 의장으로 전환하며, 이사회 의장 Andrea Ayers는 수석 독립 이사로 임명됩니다.
2023년에 입사한 Nelson은 25년 이상의 경영진 리더십 경험을 보유하고 있으며, 130억 달러 규모의 Tools & Outdoor 사업 최적화에 중요한 역할을 해왔습니다. 이번 전환은 포괄적인 승계 계획의 일환으로, Allan은 2026년 10월 1일에 은퇴할 예정이며, 이후 회사는 독립 이사회 의장 체제로 복귀할 예정입니다.
회사는 또한 재무 전망을 재확인하며, 2025년 1분기 실적 발표 컨퍼런스콜에서 제시한 2025년 계획 가정치를 상회하는 2분기 GAAP 및 조정 EPS 실적을 계속 기대하고 있다고 밝혔습니다. 이는 5월 투자자 컨퍼런스에서의 발언과 일치합니다.
Stanley Black & Decker (NYSE : SWK) a annoncé un important plan de transition de leadership. Christopher Nelson, actuellement directeur des opérations et vice-président exécutif de Tools & Outdoor, deviendra président et CEO à compter du 1er octobre 2025. L'actuel CEO Donald Allan, Jr. passera au poste de président exécutif du conseil d'administration, tandis que la présidente du conseil, Andrea Ayers, deviendra directrice indépendante principale.
Nelson, qui a rejoint l'entreprise en 2023, apporte plus de 25 ans d'expérience en leadership exécutif et a joué un rôle clé dans l'optimisation des activités Tools & Outdoor de 13 milliards de dollars. Cette transition fait partie d'un plan de succession global, Allan devant prendre sa retraite le 1er octobre 2026, après quoi l'entreprise reviendra à une structure avec un président du conseil indépendant.
L'entreprise a également réaffirmé ses perspectives financières, déclarant qu'elle s'attend toujours à ce que la performance du BPA GAAP et ajusté du deuxième trimestre dépasse les hypothèses de planification pour 2025 issues de la conférence téléphonique des résultats du premier trimestre 2025, conformément aux déclarations faites lors d'une conférence avec des investisseurs en mai.
Stanley Black & Decker (NYSE: SWK) hat einen bedeutenden Führungswechsel angekündigt. Christopher Nelson, derzeit Chief Operating Officer und Executive VP von Tools & Outdoor, wird ab dem 1. Oktober 2025 Präsident und CEO. Der derzeitige CEO Donald Allan, Jr. wird zum Executive Chairman des Vorstands wechseln, während die Vorstandsvorsitzende Andrea Ayers zur Lead Independent Director ernannt wird.
Nelson, der 2023 zum Unternehmen kam, bringt über 25 Jahre Erfahrung in der Führungsebene mit und war maßgeblich an der Optimierung des 13-Milliarden-Dollar Tools & Outdoor Geschäfts beteiligt. Der Übergang ist Teil eines umfassenden Nachfolgeplans, wobei Allan voraussichtlich am 1. Oktober 2026 in den Ruhestand gehen wird. Danach wird das Unternehmen wieder eine Struktur mit einem unabhängigen Vorstandsvorsitzenden einführen.
Das Unternehmen bestätigte zudem seine Finanzprognose und erklärte, dass es weiterhin erwartet, dass die GAAP- und bereinigte EPS-Leistung im zweiten Quartal die Planannahmen für 2025 aus dem Gewinnaufruf des ersten Quartals 2025 übertreffen wird, was mit den Aussagen auf einer Investorenkonferenz im Mai übereinstimmt.
- Planned and orderly CEO succession indicates strong corporate governance
- New CEO brings 25 years of relevant executive leadership experience
- Q2 2025 EPS expected to exceed previous planning assumptions
- Continuity maintained with current CEO transitioning to Executive Chair role
- New CEO already familiar with company operations since 2023
- Multiple leadership changes occurring simultaneously could create temporary organizational uncertainty
- Relatively short tenure of incoming CEO at the company (joined in 2023)
- Christopher Nelson, Chief Operating Officer and Executive Vice President and President of Tools & Outdoor, to Become President and Chief Executive Officer and Member of the Board effective October 1
- Concurrently on October 1, President and Chief Executive Officer Donald Allan, Jr. to Become Executive Chair of the Board and Chair of the Board Andrea Ayers to Become Lead Independent Director
- The Company Continues to Expect Second Quarter EPS Performance Better Than Its 2025 Planning Assumption from Q1 2025 Earnings Call
As part of the transition, effective October 1, 2025, Mr. Allan will become Executive Chair of the Board, and Andrea Ayers, current Chair of the Board, will become Lead Independent Director and continue to chair the Executive Committee. Mr. Allan is expected to retire on October 1, 2026, at which time the Board intends to revert to a governance structure of Independent Board Chair.
Ms. Ayers said, "Don has made an indelible impact on Stanley Black & Decker, and we are deeply appreciative of his leadership over the past 26 years. His tenure with the Company and as CEO will be defined by his strong connection to our business, our customers and our brands, along with his tireless work to position the Company for lasting success. As the architect of our transformation strategy, Don has been instrumental in simplifying the business and has been a stabilizing force during a very challenging period. Don will be an important resource to Chris, the Company and the Board as he continues his journey with Stanley Black & Decker as Executive Chair."
Mr. Allan said, "I am grateful to have had the opportunity to serve as CEO of Stanley Black & Decker and work alongside an extraordinarily talented and resilient team. Together, we have made numerous achievements, including successfully transforming Stanley Black & Decker into a more streamlined, focused organization with a durable portfolio of iconic brands and businesses that are poised to deliver sustainable market share gains. As we approach the end of our supply chain transformation and look ahead to the next horizon, the Board and I believe now is the right moment to initiate this transition. I am fully committed to supporting Chris and the Company in my role as Executive Chair, and I am confident that Stanley Black & Decker is in excellent hands under Chris' leadership."
Ms. Ayers added, "Chris is ideally suited to lead Stanley Black & Decker through our next phase of growth. On behalf of the Board, we look forward to working with him even more closely in his role as President and CEO. As a key member of the executive leadership team and a seasoned global leader, Chris has played a pivotal role in streamlining and optimizing the Company around our core businesses and strong portfolio of global brands. His leadership, strategic vision, commercial expertise and unwavering focus on end-users will continue to be invaluable to all our stakeholders."
Mr. Nelson said, "I am honored to become President and CEO of Stanley Black & Decker, an iconic American Company with a proud legacy and an incredibly bright future. Over the past two years, I have had the privilege of working closely with Don and the leadership team, gaining a deep understanding of the needs of our customers and end-users, as well as the unique opportunities ahead for our Company. I am energized by the opportunity ahead and look forward to working together with the Board and our teams around the world to deliver on the amazing potential for our brands and innovation in the marketplace. I am confident we have created a strong foundation with our transformation that positions the Company for sustainable long-term growth and value creation."
2025 Planning Assumptions
Stanley Black & Decker continues to expect Second Quarter GAAP and Adjusted EPS performance better than its 2025 Planning Assumptions from the Q1 2025 earnings call, consistent with Company statements at an investor conference in May.
About Christopher Nelson
Mr. Nelson is a seasoned leader with over 25 years of executive leadership, product development, innovation and growth transformation experience. He joined Stanley Black & Decker in 2023 as Chief Operating Officer and Executive Vice President and President of the Tools & Outdoor business. Since joining the Company, he has played a pivotal role in streamlining and optimizing the Company around its core businesses and strong portfolio of brands, while advancing the strategic roadmap for the Company's
About Stanley Black & Decker
Founded in 1843 and headquartered in the
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Non-GAAP Financial Measures
The Company has provided expectations for Adjusted earnings per share, or Adjusted EPS, which is a Non-GAAP financial measure. Adjusted EPS is diluted GAAP EPS excluding certain gains and charges.
The Company considers the use of Non-GAAP financial measures relevant to aid analysis and understanding of the Company's results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. Consistent with past methodology, any expectations of forecasted EPS excludes the impacts of potential acquisitions and divestitures, future regulatory changes or strategic shifts that could impact the Company's contingent liabilities or intangible assets, respectively, potential future cost actions in response to external factors that have not yet occurred, and any other items not specifically referenced previously under "2025 Planning Assumptions" from the Q1 2025 earnings call.
CAUTIONARY STATEMENT
CONCERNING FORWARD-LOOKING STATEMENTS
This document contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any goals, projections, guidance or planning assumptions regarding earnings, EPS, income, revenue, margins, costs, sales, sales growth, profitability, cash flow or other financial items; any statements of the plans, strategies and objectives of management for future operations, including expectations around our ongoing transformation; future market share gain, shareholder returns, any statements concerning proposed new products, services or developments; any statements regarding future economic conditions or performance; any statements of beliefs, plans, intentions or expectations; any statements and assumptions regarding possible tariff and tariff impact projections and related mitigation plans (including price actions, supply chain adjustments and timing expectations related to such plans); and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include, among others, the words "may," "will," "estimate," "intend," "could," "project," "plan," "continue," "believe," "expect," "anticipate", "run-rate", "annualized", "forecast", "commit", "goal", "target", "design", "on track", "position or positioning", "guidance," "aim," "looking forward," "multi-year" or any other similar words.
Although the Company believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of its forward-looking statements. The Company's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in the Company's filings with the Securities and Exchange Commission.
Important factors that could cause the Company's actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in its forward-looking statements include, among others, the following: (i) macroeconomic factors, including global and regional business conditions, commodity availability and prices, inflation and deflation, interest rate volatility, currency exchange rates, and uncertainties in the global financial markets; (ii) laws, regulations and governmental policies affecting the Company's activities in the countries where it does business, including those related to, taxation, data privacy, anti-bribery, anti-corruption, government contracts, trade controls, including but not limited to, tariffs, import and export controls, raw material and rare earth mineral controls and other monetary and non-monetary trade regulations or barriers; (iii) the Company's ability to predict the timing and extent of any trade related regulations, restrictions, trade barriers, tariffs, raw material and rare earth mineral controls as well as its ability to successfully assess the impact to its business of, and mitigate or respond to, macroeconomic or trade, tariff and raw material import/export control changes or policies (including, but not limited to, the Company's ability to obtain price increases from its customers and complete effective supply chain adjustments within anticipated time frames), and (iv) availability and price of raw materials, rare earth minerals, component parts, freight, energy, labor and sourced finished goods.
Additional factors that could cause actual results to differ materially from forward-looking statements are set forth in the Company's Earnings Release dated April 30, 2025, its Annual Report on Form 10-K and in its Quarterly Reports on Form 10-Q, including under the headings "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in the Consolidated Financial Statements and the related Notes, and other filings with the Securities and Exchange Commission.
Forward-looking statements in this press release speak only as of the date hereof, and forward-looking statements in documents that are incorporated by reference herein speak only as of the date of those documents. The Company does not undertake any obligation or intention to update or revise any forward-looking statements, whether as a result of future events or circumstances, new information or otherwise, except as required by law.
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SOURCE Stanley Black & Decker, Inc.
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