Stanley Black & Decker CEO Becomes Chairman

On Monday, toolmaker Stanley Black & Decker announced that it is giving Chief Executive Officer John F. Lundgren the additional title of chairman of the board of directors.

Current Chairman Nolan D. Archibald's term of office expires on March 12, at which time he will retire. One day later, Lundgren will don a second hat, becoming simultaneously chairman and CEO.

In other news, the company announced Monday that Chief Operating Officer James M. Loree received the additional title of president as of Jan. 13. Elsewhere, Senior VP for Human Resources Mark J. Mathieu will retire on March 31, to be replaced by his subordinate, Human Resources VP Joseph R. Voelker.


Finally, the company noted that its Q4 and full-year 2012 earnings results will be released on Jan, 24. Guidance remains unchanged at $1.28 in per-share earnings for the quarter, and $4.60 for the year, pro forma.

The article Stanley Black & Decker CEO Becomes Chairman originally appeared on Fool.com.

Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Introduction to Value Investing

Are you the next Warren Buffett?

View Course »

Add a Comment

*0 / 3000 Character Maximum