Recs

0

Stanley Black & Decker CEO Becomes Chairman

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Monday, toolmaker Stanley Black & Decker (NYSE: SWK  ) 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.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2195271, ~/Articles/ArticleHandler.aspx, 8/28/2015 8:36:31 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated Moments ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:01 PM
SWK $100.50 Down -0.23 -0.23%
Stanley Black & De… CAPS Rating: ****