Stanley Black & Decker names new chair
Stanley Black & Decker announced that its board of directors has elected Andrea J. Ayers chair, effective April 22, 2022. At that time, George W. Buckley will retire from his chairman role and the company’s board of directors.
“On behalf of the entire board of directors at Stanley Black & Decker, I want to thank Sir George for his 15 years of director service, beginning with his position as a director for Black & Decker,” said Ayers.
“Since the merger of Black & Decker and Stanley in 2010, the company has grown into the largest and most successful tool company in the world, with a strong focus on innovation, performance and ESG. We are very appreciative of all George’s contributions, leadership and partnership over his tenure, particularly his service as chair the past five years,” said Ayers.
Ayers is the former president and CEO, as well as a director, of Convergys Corporation and has been a Stanley Black & Decker director since December 2014.
Buckley joined the Black & Decker board in 2006 and later joined the Stanley Black & Decker board in 2010 following the merger of the two companies. He is the former chairman, president and EO of 3M Company, as well as chairman and CEO of Brunswick Group.
“Being part of the Black & Decker and then Stanley Black & Decker board of directors has been one of the most rewarding experiences for me both professional and personally, particularly because I started my professional career as an apprentice in a Stanley manufacturing plant in Sheffield, UK, many years ago,” said Buckley.
“I am confident the company has the management team and board leadership in place to continue its historically successful trajectory, creating the tools and solutions for those who make the world,” said Buckley.
In addition, the board of directors elected Adrian V. Mitchell, executive vice president and CFO for Macy’s, Inc. as a director.
In commenting on Mitchell, Ayers said, “Adrian is an exceptional financial and operational leader with a consistent track record of delivering tangible business results and shareholder value, and an expertise in a variety of consumer businesses.”
Headquartered in New Britain, Conn., Stanley Black & Decker is the world’s largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide.