Stanley Black & Decker, Inc. to Eliminate John Wyatt's Current Position, Senior Vice President, Strategy and Integration, Effective January 1, 2024
October 12, 2023 at 05:05 pm EDT
Share
On October 9, 2023, Stanley Black & Decker, Inc. (the ?Company?) entered into an employment agreement with John Wyatt, the Company?s Senior Vice President, Strategy and Integration (the ?Agreement?). Under the Agreement, Mr. Wyatt will continue in his current role through December 31, 2023, and effective January 1, 2024, the Company will eliminate Mr. Wyatt?s current position, and Mr. Wyatt will assume a new position as Senior Advisor for a one-year term ending December 31, 2024, unless Mr. Wyatt is terminated earlier or voluntarily resigns as set in the Agreement. As Senior Advisor, Mr. Wyatt will be responsible for providing advice and consultation regarding the Company?s business and products as requested by the Chief Executive Officer.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
STANLEY BLACK & DECKER, INC. 
