Stanley adds experienced leader to its board

Stanley Black & Decker announced that Robert J. Manning, former chairman and CEO of MFS Investment Management, has been elected to the company’s board of directors.

“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, chair of Stanley Black & Decker.

With more than three decades of financial services experience and leadership, said Stanley, 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 strategies.

“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,” said Manning.

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, said Stanley.

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. 

In accordance with its ongoing board succession process, Stanley said it has added five new non-management directors in the last three years.

“We look forward to working with Rob as we build on our efforts to maximize long-term value for all of our stakeholders,” said Ayers.

Headquartered in New Britain, Connecticut, Stanley Black & Decker is the world’s largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide.