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NEW BRITAIN, Conn. - Stanley Black & Decker (NYSE:SWK) announced Monday that Christopher Nelson will become President and Chief Executive Officer effective October 1, 2025, succeeding Donald Allan, Jr., who has led the company since July 2022.
Nelson, currently Chief Operating Officer and Executive Vice President and President of the Tools & Outdoor business, will also join the company’s Board of Directors upon assuming the CEO role.
As part of the leadership transition, Allan will become Executive Chair of the Board, while current Board Chair Andrea Ayers will transition to Lead Independent Director. Allan is expected to retire on October 1, 2026, at which time the company plans to return to an Independent Board Chair structure.
"Chris is ideally suited to lead Stanley Black & Decker through our next phase of growth," said Ayers in the company’s press release. "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."
Nelson joined Stanley Black & Decker in 2023 after serving as President of Carrier’s heating, ventilation and air-conditioning segment. His previous experience includes leadership roles with the U.S. Army, Johnson & Johnson and McKinsey & Company.
The company also reaffirmed its financial outlook, stating it continues to expect second quarter earnings per share performance to exceed its 2025 planning assumptions shared during its first quarter earnings call. According to InvestingPro data, analysts expect the company to remain profitable this year with projected earnings of $4.33 per share. The stock currently appears undervalued based on InvestingPro’s Fair Value analysis, with analyst price targets ranging from $60 to $120.15 per share.
Stanley Black & Decker, founded in 1843, operates globally with approximately 48,000 employees and manufactures tools, outdoor products and engineered fasteners under brands including DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet.
In other recent news, Stanley Black & Decker reported its Q1 2025 earnings, with an earnings per share (EPS) of $0.75, surpassing the forecast of $0.66. Revenue for the quarter was $3.7 billion, slightly below the anticipated $3.71 billion. Despite the revenue miss, the company achieved a 34% year-over-year increase in EPS, driven by significant cost savings and improved operational efficiency. UBS analyst Damian Karas revised the price target for Stanley Black & Decker to $100 from $120, maintaining a Buy rating, citing the positive impact of recent US-China trade developments. Barclays analyst Julian Mitchell upgraded the stock from Equal Weight to Overweight, raising the price target to $90 from $69, based on improved earnings projections due to reduced tariffs. The company’s ongoing transformation plan aims for $2 billion in cost savings, contributing to enhanced gross margins. Stanley Black & Decker’s DEWALT brand continues to drive revenue growth, despite challenges such as supply chain disruptions and market saturation. The firm remains optimistic about its long-term prospects, supported by strategic market expansions and ongoing cost-saving measures.
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