Stanley Black & Decker names Christopher Nelson as next CEO

Published 30/06/2025, 11:38
Stanley Black & Decker names Christopher Nelson as next CEO

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.