Stanley Black & Decker Announces CEO Transition with Strategic Leadership Changes on October 1

Leadership Transition at Stanley Black & Decker

Stanley Black & Decker, a prominent global leader in tools and outdoor solutions, has officially announced a significant leadership transition. Christopher Nelson, currently serving as the Chief Operating Officer and Executive Vice President, is set to take over as President and CEO on October 1, 2025. This change comes as Donald Allan Jr., who has led the company as CEO since July 2022, transitions to the role of Executive Chair of the Board.

The decision to appoint Nelson to the CEO position was made after a comprehensive succession planning process by the Board of Directors. Nelson brings over 25 years of executive leadership experience, having significantly contributed to the company's success in streamlining its operations and enhancing its brand portfolio. He will also join the Board upon assuming the CEO role. Meanwhile, Andrea Ayers, the current Chair of the Board, will step into the position of Lead Independent Director while maintaining her responsibilities as Chair of the Executive Committee.

In expressing gratitude for his time at the helm, Donald Allan Jr. remarked on the strong connection he has developed with the company, its brands, and customers during his 26-year tenure. He emphasized the transformative journey of Stanley Black & Decker and spoke highly of Nelson’s capabilities to lead the company into its next growth phase. Allan noted that, under his leadership, the organization was able to position itself for long-term sustainable growth which he believes is crucial as they approach the completion of their supply chain transformation.

“A combined effort has allowed us to build a streamlined, focused organization with a portfolio of iconic brands and businesses,” Allan stated. Nelson, honored to be named as the company’s next CEO, shared his excitement about leading Stanley Black & Decker, a company revered for its long-standing legacy and innovation.

The company’s ongoing transformation strategy, articulated by Allan, has simplified operations and positioned the business strongly for future growth. He emphasized that now is the opportune time for the leadership change as they move towards achieving new targets. Nelson’s deep experience in product development and growth strategies, previously exemplified in his role as President at Carrier, makes him a suitable fit to continue this momentum and ensure a smooth transition.

Looking ahead, Nelson has voiced his commitment to capitalizing on the newfound potential for innovation while focusing on the needs of customers and end-users. He stated, “I am energized by the opportunity ahead and look forward to collaborating with the Board and our teams globally.” His priorities include driving market share gains and enhancing the company’s portfolio of trusted brands such as DEWALT®, CRAFTSMAN®, STANLEY®, and BLACK+DECKER®.

As part of its 2025 plan, Stanley Black & Decker has also projected enhanced earnings per share (EPS) performance, indicating optimism in financial outcomes. This encouraging outlook aligns with their previous communications made at investor events.

Overall, this leadership transition marks a pivotal moment for Stanley Black & Decker as they align their talented team under Nelson's guidance towards achieving sustained growth and innovation in the tools and outdoor sector. With Allan’s continued involvement as Executive Chair, the company is well-prepared to navigate the next chapter of its evolution, ensuring stability and direction under a new visionary leader.

Founded over 180 years ago, Stanley Black & Decker remains committed to serving its diverse customer base of builders, tradespeople, and DIY enthusiasts around the globe, with a devoted workforce of approximately 48,000 strong. Their continuous focus on innovation solidifies their stance as an industry leader, and the upcoming leadership changes are expected to further drive this reputation forward.

For more information, visit Stanley Black & Decker’s official website.