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HEADLINES<br />
The Stanley Black & Decker Quarterly <strong>Newsletter</strong> Quarter No. 2 2016<br />
Pol Espargaro<br />
CHECK OUT OUR<br />
BRANDS IN ACTION<br />
Over the next several months, Stanley Black & Decker brands will be<br />
highly-visible on the track, the diamond, the pitch, the field and in<br />
the arena. Don’t miss out on the action!
TABLE<br />
OF<br />
CONTENTS<br />
1st Quarter Results<br />
We Completed the Acquisition of GQ.<br />
Employee Survey Follow-up.<br />
1<br />
2<br />
3<br />
Year in Review<br />
4<br />
Check Out Our Brands in Sports.<br />
5-6<br />
The Stanley Black & Decker Women’s Network<br />
7-8<br />
Strategic Update & SFS 2.0 Progress.<br />
9-12<br />
Corporate Brochure<br />
13-14<br />
Meet John Wyatt<br />
15-16<br />
Our Leaders in the Community: Don Allan<br />
17<br />
Our Impact in the Community.<br />
17-18<br />
Raising Concerns and Reporting Violations<br />
of Business Conduct Guidelines.<br />
19<br />
Recent Awards!<br />
20
REVENUES<br />
1st Quarter Results<br />
$2.7<br />
Billion<br />
EARNINGS<br />
$1.28<br />
Per Share<br />
WORKING<br />
CAPITAL TURNS<br />
7.0x<br />
We had an exceptional first quarter. We continued our organic growth<br />
momentum, we strengthened each of our franchises with strategic<br />
investments aimed at driving continued profitable growth, and we<br />
continued our transformation with significant advancements on each<br />
of our five SFS 2.0 initiatives.<br />
Global Tools & Storage:<br />
Impressive organic growth spanned all regions: North America<br />
+10%, Europe +5%, and the emerging markets +9%. The GTS<br />
business’ wholehearted embrace of SFS 2.0 over the past twelve<br />
months is paying dividends so far this year, with results driven by<br />
a healthy combination of commercial execution, innovation and<br />
operational improvements.<br />
Security:<br />
Operating performance continued to improve, with an 11.9%<br />
operating margin rate (+110 basis points), organic growth in<br />
many areas of the business, and encouraging order trends in both<br />
Europe and North America.<br />
Industrial:<br />
Tough comparables for the Engineered Fastening business coupled<br />
with softness in its industrial and consumer electronics end markets<br />
led to an overall decline in revenues, while Infrastructure stabilized<br />
and delivered flat revenues amid challenging markets.<br />
While a strong first quarter does not necessarily preordain a strong year,<br />
it is certainly a positive head start. Our plan to outperform is predicated<br />
on getting ahead and staying ahead. Thank you for your contributions<br />
to our success this quarter as well as for your continued dedication to<br />
our success this year.<br />
Buzz Challenge<br />
Win a DEWALT Radio!<br />
We love seeing your comments and stories on eCentral’s<br />
Buzz! Use the Buzz as an opportunity to recognize a colleague<br />
who’s done something above and beyond in their job. Use the<br />
hashtag #BuzzChallenge and #GreatWork and you and that<br />
coworker could win a DEWALT radio.<br />
1
We Completed the<br />
Acquisition of GQ.<br />
We finalized the acquisition of Jiangsu Guoqiang<br />
Tools Co. Ltd, manufacturer of China’s third largest<br />
domestic brand of power tools and spare parts. This<br />
was a strategic step in driving the expansion of our<br />
Global Emerging Markets initiative and strengthening<br />
our strategy of designing and manufacturing products<br />
in local markets for local markets. We look forward<br />
to the future with this important brand and strategic<br />
operations.<br />
2
Employee Survey Follow Up.<br />
After the Global Employee Opinion Survey we<br />
conducted last year, we held several levels of round<br />
tables and town halls. These meetings were held in<br />
every business and function, and covered all levels of<br />
employees. Through these, we heard several consistent<br />
messages:<br />
1. You want to see better linkage between performance<br />
and rewards.<br />
2. You want better insight into the company’s<br />
strategy.<br />
3. You want more visibility into opportunities for<br />
career development.<br />
So Here’s What We’re Doing:<br />
1. We’re revamping our OPR process. In the<br />
coming months, you’ll hear about OPR 2.0, an<br />
online and digital process. This will also shift<br />
the focus of OPR from an annual event to an<br />
ongoing dialogue between associates and<br />
their managers. We have taken your feedback<br />
seriously and improvements are underway.<br />
2. We’re taking steps to explicitly align our communications<br />
with our overall business strategies,<br />
and we are committed to clarifying the<br />
linkage between our communications and our<br />
vision for the future of the company. Recent<br />
enhancements include more updates from<br />
the top of the organization and an enhanced<br />
focus on cascading information more broadly<br />
and deeply throughout the organization. In<br />
fact, this newsletter is a direct result of your<br />
feedback – we hope you enjoy it.<br />
3. Our OPR 2.0 process will also address enhanced<br />
career opportunities, first by more clearly identifying<br />
the positions and activities that drive<br />
strategic value for the organization, and then<br />
by ensuring we have the right people in those<br />
roles.<br />
UPCOMING!<br />
The 2016 Global Employee Opinion Survey will be<br />
held in September of this year. Your input is essential<br />
to our continuous improvement and we value your<br />
feedback. Please participate!<br />
3
Year in Review<br />
Every year, to accompany our Annual<br />
Report, we create a “Year in Review”<br />
website that covers our successes and our<br />
strategy for growth.<br />
This site includes valuable information for<br />
all employees, including our annual letter<br />
to shareholders, our financial scorecard, a<br />
few highlighted success drivers, and much<br />
more.<br />
The site is a valuable resource to see the<br />
breadth and scope of our Company. While<br />
our employees make tremendous contributions<br />
in their business or region, this “Year<br />
in Review” is a great representative of how<br />
those pieces come together.<br />
We encourage you to take some time to<br />
check it out. Visit www.sbdinc.com.<br />
4
Check Out Our Brands<br />
in Sports.<br />
Stanley Black & Decker is an official sponsor of 25 sports teams and leagues around<br />
the world. These high-visibility partnerships allow for more than 200 Billion people<br />
to view our brands each year. Check out our presence at these in-season events:<br />
PBR, MotoGP, and NASCAR.<br />
5
PBR<br />
One of the fastest growing<br />
sports properties in history.<br />
• Sponsor 4 riders<br />
• Attracts more than 3 million event<br />
attendees<br />
• Brand is seen in more than half a<br />
billion households<br />
• 40 nations and territories<br />
MotoGP<br />
The World’s premier<br />
motocycle racing series.<br />
• Seen in more than 200 countries<br />
• 2.4 Billion viewers<br />
• Monster Yamaha Tech 3 Team allows<br />
for 18 global races<br />
• 130 Million live event attendees.<br />
NASCAR<br />
The premier motorsports<br />
organization.<br />
• 80 million fans<br />
• 18 primary races with Carl Edwards<br />
and Matt Kenseth.<br />
• Associate branding at all 36 races of<br />
the season<br />
• 23 major promotions and special<br />
events in 2015<br />
6
THE<br />
STANLEY<br />
BLACK & DECKER<br />
WOMEN’S NETWORK<br />
The Stanley Black & Decker Women’s Network has officially<br />
launched. This network focuses on providing additional<br />
opportunities for women to succeed at Stanley Black & Decker<br />
and benefit from additional recognition and development<br />
against our established criteria for success.<br />
The Mission:<br />
We provide women at Stanley Black & Decker with an<br />
environment where they are empowered to:<br />
• Pursue career advancement opportunities<br />
WN<br />
STANLEY BLACK & DECKER<br />
WOMEN’S NETWORK<br />
• Earn leadership positions<br />
The Strategy:<br />
• Ensure women have access to a network of other<br />
women to assist in mentoring, knowledge sharing<br />
and guiding; creating an environment for success.<br />
• Provide awareness and education to our leaders to<br />
proactively develop women for leadership roles.<br />
• Encourage and support early identification of high<br />
potential women leaders.<br />
• Align with OPR goals / diversity initiatives.<br />
To get involved or find more information on the Stanley Black<br />
& Decker Women’s Network, please visit our new Women’s<br />
Network website on eCentral. You will find contacts for local,<br />
business, and regional chapters, FAQs, and a calendar of<br />
events planned across our global business.<br />
7
FEB02<br />
Launch of the<br />
Stanley Black and<br />
Decker Women’s<br />
Network<br />
FEB03<br />
Global Talent COE<br />
Launch<br />
WHQ New Britain<br />
FEB16<br />
FEB23<br />
FEB24<br />
MAR07<br />
Driving Results<br />
Through Diversity<br />
European Stanley<br />
Black & Decker<br />
Women’s Network<br />
Event<br />
Women’s Network<br />
India - Leadership<br />
Talk<br />
World Headquarters<br />
Networking<br />
Event<br />
Mississauga,<br />
Canada<br />
Slough, England<br />
Bangalore, India<br />
WHQ New Britain<br />
MAR10<br />
MAR23<br />
MAR29<br />
APR29<br />
Miramar LAG<br />
Women’s Network<br />
Evening<br />
The Junior<br />
Achievement 2nd<br />
Annual Leading<br />
Ladies Event<br />
Women’s Financial<br />
Health: Empower<br />
Yourself<br />
Women’s Network<br />
Luncheon<br />
Miramar, Florida<br />
Towson, Maryland<br />
Online Webinar<br />
Shanghai, China<br />
MAY03<br />
MAY10<br />
MAY12<br />
Introducing the<br />
Women’s Leadership<br />
Network<br />
Women’s Network<br />
Kickoff<br />
Women’s Network<br />
Introduction<br />
To view upcoming<br />
events, visit the<br />
Women’s Network<br />
website on eCentral.<br />
Argentina<br />
Brazil<br />
Colombia<br />
We have built momentum and a strong start so far in 2016!<br />
8
STRATEGIC UPDATE<br />
& SFS 2.0 PROGRESS.<br />
“Our vision for the next chapter is to continue to be a great<br />
industrial company, delivering top quartile growth and<br />
profitability, operating our strong innovation-driven businesses<br />
in diverse global markets, and powered by a robust and<br />
pervasive SFS 2.0 operating system, which has been embraced<br />
across the entire company.”<br />
9<br />
Jim Loree, President & COO
Strategy & Alignment<br />
As we drive forward into 2016, our focus as a Company is clear: Strategy & Alignment, SFS 2.0 Transformation<br />
and Talent Development.<br />
Over the next few years, our goal is to continue on<br />
our journey to becoming an elite industrial company,<br />
delivering top quartile growth and profitability. We will<br />
continue to operate our businesses in diverse, global<br />
markets and differentiate ourselves through innovation<br />
and our pervasive operating system powered by SFS<br />
2.0.<br />
We are committed to growing our Company, providing<br />
increased opportunities for our employees and<br />
broadening the impact that we have around the world.<br />
Our financial vision is to drive toward 10% total<br />
revenue growth, of which 4% to 6% will be organic,<br />
with a 16%+ operating margin, 10+ on capital turns,<br />
and free cash flow that is greater than net income.<br />
But this won’t be easy. The world is rapidly changing<br />
and advancing, becoming faster and more challenging.<br />
So, we must adapt in order to continue the growth of<br />
our Company.<br />
We have a simple plan of action, which begins with<br />
SFS 2.0.<br />
MORE<br />
10
Strategic Update & SFS 2.0 Progress<br />
SFS 2.0 Transformation<br />
In order to accomplish our goals, we must leverage the five key initiatives of SFS 2.0 (Core SFS, Functional<br />
Transformation, <strong>Digital</strong> Excellence, Commercial Excellence, and Breakthrough Innovation) to modernize our<br />
Company, strengthen our operations, and enhance our culture.<br />
We have already seen this transformation taking hold across the company, faster and deeper than any other<br />
initiative in our history. Here is our outline for SFS 2.0:<br />
• <strong>Digital</strong> Excellence is at the center of our strategy.<br />
We will harness and apply the disruptive power of<br />
digital to elevate our <strong>Digital</strong> IQ.<br />
• With Breakthrough Innovation, we will form<br />
dedicated teams across the company and establish<br />
a new culture (apart from incremental innovation).<br />
We will use the change from <strong>Digital</strong> Excellence to<br />
make an impact on our growth and revenue.<br />
• Commercial Excellence, in combination with<br />
<strong>Digital</strong> Excellence and Breakthrough Innovation,<br />
will establish continuous process improvements<br />
across all customer facing activities. We will be able<br />
to be systematic in driving our process excellence.<br />
• Functional Transformation is our way to fund<br />
the margin growth and these other programs. We<br />
will have a “clean sheet” zero based approach and<br />
completely re-think and re-tool our back-office<br />
functions. Again, <strong>Digital</strong> Excellence is the link to<br />
help us achieve this.<br />
• Core SFS means always getting better at everything<br />
we do. Leveraging <strong>Digital</strong> Excellence, we will begin<br />
to digitize the supply chain and smart factory.<br />
11
Strategic Update & SFS 2.0 Progress<br />
Left to Right: Ralph Doran, Anthony Cairo, Ajay Rao,<br />
Omar Eldardiry, Colbi Bradley, Weronika Serafin, and<br />
Ali Valenti<br />
Talent Development<br />
All of this success is driven by you. Our culture, coupled with an enhanced approach to talent development<br />
and deployment, will ensure that we are ready for a future of profitable growth.<br />
We’re revamping our OPR process and will soon launch OPR 2.0 This will not only digitize the process by<br />
taking it online for the next OPR cycle, but also shift the focus from an annual “event-driven” process<br />
to an ongoing dialogue between associates and their managers. This process will also address career<br />
opportunities by more clearly identifying the positions and activities that drive strategic value for the<br />
organization and by ensuring that we have the right people in those roles.<br />
12
Our Corporate<br />
Brochure<br />
Did you ever want a one-stop resource to see<br />
the size and scope of Stanley Black & Decker?<br />
Now it’s here. We recently released a full<br />
For Contact Information scan the QR code<br />
CBUSA1<br />
or visit http://stanleyblackanddecker.com/cb<br />
©2015 STANLEY BLACK & DECKER, INC.<br />
Company Brochure, our first ever fully-encompassing<br />
Company Brochure, highlighting our<br />
brands, our product offerings, and facts about<br />
Stanley Black & Decker.<br />
The brochure is available online and soon in<br />
hard copy. Both versions feature stunning<br />
high-quality photos from our brands within<br />
GTS, STANLEY Security and Industrial. In<br />
addition, the brochure speaks to our Company<br />
history (including a brief timeline), explains<br />
our ECOSMART commitment, shares our<br />
dedication to charitable giving, and ties in our<br />
brand support programs.<br />
View the full brochure at eCentral. But for now,<br />
check out these snap shots.<br />
1843<br />
1857<br />
Frederick Trent Stanley<br />
founds The Stanley Works,<br />
a small factory making<br />
bolts and hinges.<br />
1865<br />
1896<br />
James Sargent and Halbert<br />
Greenleaf become partners and<br />
establish a manufacturing facility to<br />
make high-security locks for safes,<br />
vaults, and SCIFs.<br />
1907<br />
1906<br />
PORTER-CABLE ® founded<br />
by R.E. Porter, G. G.<br />
Porter and F. E. Cable to<br />
manufacture power lathes<br />
for woodworkers.<br />
Proto Tools is founded,<br />
making chisels and<br />
punches from the axles<br />
of Model T automobiles.<br />
Thomas Briggs founds The<br />
Boston Stitch Wire Company<br />
(BOSTITCH ® ) to manufacture<br />
industrial staplers.<br />
Frederick Stanley’s cousin, Henry<br />
Stanley, founds the Stanley Rule<br />
& Level Company to manufacture<br />
measuring and layout tools.<br />
1910<br />
1917<br />
1918<br />
Black & Decker<br />
acquires patent for the<br />
pistol grip and trigger<br />
switch on its drill.<br />
1920<br />
1931<br />
1961<br />
1921<br />
The Stanley Works<br />
& The Stanley Rule<br />
& Level Company<br />
merge to become<br />
a powerhouse in<br />
both hand tools<br />
and hardware.<br />
Frank Best creates the<br />
modern masterkey system<br />
and invents the small<br />
format interchangeable<br />
core, founding the Best<br />
Lock Company.<br />
Louis Moses founds the Société<br />
Franco-Américaine de Construction<br />
d’Outillage Mécanique (Franco-<br />
American Mechanics’ Tool Production<br />
Company). It would subsequently be<br />
known by its initials: FACOM.<br />
S. Duncan Black & Alonzo G.<br />
Decker found Black & Decker<br />
in a small shop dedicated to<br />
manufacturing the world’s first<br />
portable power tool.<br />
1924<br />
1957<br />
Raymond E. DeWalt invents the radial<br />
arm saw and founds his namesake<br />
company DEWALT INDUSTRIAL TOOLS.<br />
1930<br />
STANLEY ® introduces the STANLEY ®<br />
Magic Eye, the world’s first swinging<br />
automatic door operator.<br />
1933<br />
1938<br />
The Mechanics Tools<br />
and Forge Company is<br />
founded to manufacture<br />
the finest tools in<br />
the world, and would<br />
become Mac Tools ® .<br />
A FORMIDABLE LEGACY.<br />
CRC-Evans founded as<br />
a leading oil and gas<br />
pipeline contractor.<br />
Proto ® introduces the<br />
first line of combination<br />
wrenches to the market.<br />
1958<br />
Black & Decker enters the<br />
outdoor market with the first<br />
electric lawn edgers and<br />
hedge trimmers designed for<br />
consumers.<br />
Black & Decker<br />
introduces the world’s<br />
first cordless electric<br />
drill powered by nickelcadmium<br />
cells.<br />
1962<br />
1962<br />
Weidemar cabinets begin<br />
manufacturing in the<br />
United States under the<br />
name Vidmar ® .<br />
1963<br />
Vidmar ® cabinets<br />
become part of the<br />
first photocopiers<br />
made by Xerox<br />
Corporation.<br />
Black & Decker<br />
introduces the<br />
world’s first<br />
cordless outdoor<br />
product, a cordless Sonitrol ® is<br />
hedge trimmer.<br />
founded, with an<br />
integrated audio<br />
sensor designed<br />
by a police officer.<br />
1964<br />
STANLEY ®<br />
introduces the<br />
iconic PowerLock<br />
Tape Measure.<br />
1966<br />
The Stanley Works<br />
is officially listed on<br />
the New York Stock<br />
Exchange as SWK.<br />
1968<br />
Lista ® establish<br />
U.S. operations<br />
manufacture hig<br />
quality custom<br />
storage systems<br />
S<br />
t<br />
s<br />
d<br />
1974<br />
1975<br />
STANLE<br />
longsta<br />
with H<br />
which<br />
the wo<br />
homeb<br />
Our Products And Services<br />
Company History .......................................6<br />
STANLEY ® ..................................................8<br />
DEWALT ® .................................................. 12<br />
STANLEY BLACK & DECKER IS THE WORLD’S LARGEST<br />
TOOLS AND STORAGE COMPANY, THE WORLD’S SECOND-<br />
LARGEST COMMERCIAL ELECTRONIC SECURITY<br />
BLACK+DECKER .................................... 16<br />
PORTER-CABLE ® ......................................20<br />
BOSTITCH ® ..............................................24<br />
Powers ® Fasteners ..................................28<br />
JENSEN ® Tools & Supply .........................32<br />
Mac Tools ® ..............................................36<br />
Proto ® ......................................................40<br />
COMPANY, AND A WORLD-LEADING PROVIDER OF<br />
FACOM ® ...................................................44<br />
Vidmar ® /Lista ® .......................................48<br />
ENGINEERED FASTENING SYSTEMS, WITH UNIQUE AND<br />
InnerSpace ® ............................................ 52<br />
STANLEY ® Engineered Fastening ............ 56<br />
POWERFUL GROWTH PLATFORMS IN THE OIL & GAS AND<br />
CribMaster ...............................................60<br />
STANLEY ® Infrastructure .........................62<br />
INFRASTRUCTURE INDUSTRIES.<br />
STANLEY ® Oil and Gas ............................66<br />
STANLEY ® Security ..................................70<br />
BEST ® Access .......................................... 74<br />
Sargent and Greenleaf ® .......................... 76<br />
Just as it was in 1843, our passion for excellence is seen around<br />
the world in our loyal customer relationships, disciplined operations<br />
STANLEY ® Access Technologies .............78<br />
Retail Security .........................................82<br />
Sonitrol ® ..................................................84<br />
and purposeful business growth.<br />
STANLEY ® Healthcare .............................86<br />
Community Support.................................90<br />
Brand Support .........................................92<br />
13
PERFORMANCE IN ACTION TM<br />
Since 1843, we’ve provided the tools that built and repaired the world. Today, every<br />
true professional is equipped with STANLEY ® tools because they deliver industryleading<br />
innovation, precision, safety and strength.<br />
CONSTRUCTION<br />
Performance on the job site. STANLEY ® Tools deliver innovation<br />
where it matters. Whether it makes a job easier or faster, we’re<br />
consistently improving on the industry’s best.<br />
INDUSTRIAL AND AUTOMOTIVE REPAIR<br />
Performance in the garage. With a limited lifetime warranty<br />
on some of the strongest forged tools in the world, STANLEY ®<br />
extends our legacy of innovation into a comprehensive line of<br />
mechanics tools.<br />
STORAGE<br />
We believe innovation should apply not only to your tools, but<br />
also to how you carry and store them. That’s why we offer<br />
storage that is waterproof. Light-weight. Stack-able. Rack-able.<br />
Lock-able. Roll-able. Whatever your needs, STANLEY ® offers<br />
tool storage for you.<br />
WWW.STANLEYTOOLS.COM<br />
11<br />
The world’s pipelines count on STANLEY ® Oil & Gas to get the job done.<br />
Our onshore and offshore pipeline equipment and services ensure<br />
higher quality welds and lower downtime from start to finish. STANLEY ®<br />
Oil & Gas delivers the infrastructure and resources needed to serve<br />
pipeline contractors anywhere on earth.<br />
ONSHORE<br />
STANLEY ® Oil & Gas helps customers around the world<br />
build better pipelines and reduce costs with our proprietary,<br />
world’s-best beveling and welding technology and our highlyskilled,<br />
safe and productive workforce.<br />
OFFSHORE<br />
Our offshore experts have developed cutting edge technology<br />
that directly addresses the enormous challenges of building<br />
offshore pipelines. Our innovative equipment has enabled us<br />
to tackle the world’s most difficult projects, including welding<br />
more than five miles of complex pipe and loading it onto a<br />
barge from our own mobile spoolbase.<br />
COATING<br />
Each of our coating methods, which protect and insulate the<br />
pipes, is highly specialized yet consistent in that it conforms<br />
to our goal of providing a high speed, efficient joint coating<br />
application.<br />
INSPECTION<br />
Our expertise in the area of quality assurance is unrivaled, and<br />
our inspectors now stand ready around the world, armed with<br />
the strong expertise and advanced equipment to help you<br />
meet your productivity goals.<br />
WWW.CRC-EVANS.COM 67<br />
Brand Support<br />
Our diverse portfolio of brands can be seen across the globe on the track, on the<br />
diamond, on the court, on the pitch, and in the arena. Our brand support drives<br />
more than 200 Billion brand and 2 Billion social media impressions yearly, and<br />
reaches as far as the Chengdu Panda Breeding and Research Center, where we<br />
committed to sponsoring a young panda throughout her life. Wherever you are in<br />
the world, Stanley Black & Decker brands are hard to miss.<br />
93<br />
14
Meet<br />
JOHN WYATT<br />
President - STANLEY Engineered Fastening<br />
John Wyatt was recently named President – STANLEY Engineered Fastening. As the cornerstone of our Industrial<br />
segment, STANLEY Engineered Fastening is the world’s second-largest provider of engineered fastening solutions,<br />
with major customers in the global automotive, industrial and electronic markets and a strategic position as an<br />
Advanced Industrial Solutions provider.<br />
15
Father of four, cyclist, world-traveler, woodland restorer,<br />
and drummer. All of these descriptions give you a small<br />
glimpse into the life of our new STANLEY Engineered<br />
Fastening President, John Wyatt.<br />
Born in London (UK), John has lived and worked in<br />
many countries, including: Switzerland, South Africa,<br />
Canada, Belgium and the United States. A keen cycling<br />
enthusiast, he has completed numerous long-distance<br />
tours and races, including: Paris to London, Brussels to<br />
Paris, Newcastle to Edinburgh as well as riding across<br />
Myanmar (Burma) his favorite and the Liege-Bastogne-<br />
Leige race in Belgium “the most challenging with added<br />
cobblestones”.<br />
John and his wife, Caroline, have four children, two<br />
born in the UK, one in Canada and one in the United<br />
States. Currently, his children are working and studying<br />
in London, Beijing and Baltimore, MD. During his<br />
vacations he enjoys coppicing and restoring, protected<br />
ancient woodlands in England with a range of Stanley<br />
hand tools and now the latest electric chain saw from<br />
DEWALT. “I learnt this old skill working on farms and<br />
forestry as a teenager.”<br />
John joined the company in 2006 as the leader of the<br />
Consumer Power Tools business in Europe, Middle East<br />
& Africa (EMEA). He has since held various roles within<br />
the Global Tools & Storage division, including: President<br />
- Europe, Australia & New Zealand (EANZ) and, most<br />
recently, President - Global Sales & Marketing. In<br />
early 2016, John was named President of STANLEY<br />
Engineered Fastening, a $1.5 billion dollar business<br />
providing fastening solutions for customers in the<br />
industrial, automotive, and electronics industries. “The<br />
most rewarding day so far this year has being with our<br />
European engineering team at the JLR Range Rover<br />
plant seeing over 3,500 Stanley self-piercing rivets (SPR)<br />
build each new SUV coming off the production line and<br />
then supporting the team win a $40m contract for the<br />
new Defender series planned for launch in 2017”<br />
Prior to joining Stanley Black & Decker, John built his<br />
career through progressive roles at Scotts Miracle Gro,<br />
PepsiCo, and Cadbury Schweppes. As well as launching<br />
a digital start-up “SwapitShop”.<br />
He is a graduate of London University and the Bournville<br />
Management College in the United Kingdom.<br />
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Our Leaders in<br />
the Community:<br />
Don Allan<br />
As part of Stanley Black & Decker’s commitment to<br />
our communities, we strongly encourage all leaders<br />
to get involved with charitable organizations in some<br />
meaningful way.<br />
“I ask each one of my executive leaders to choose<br />
a cause that is important to them,” says John<br />
Lundgren, Chairman & CEO. “And I’m proud that<br />
they are representing Stanley Black & Decker in the<br />
community.”<br />
One leader who is incredibly generous with his time<br />
is Don Allan, our Senior Vice President & CFO. Don<br />
makes the time in his exceptionally busy work schedule<br />
to serve as a committed leader to several different<br />
organizations. Don volunteers with Boys Scouts of<br />
America, Junior Achievement, United Way, and Easter<br />
Seals.<br />
He is the Chairman of the Board for the Boy Scouts<br />
Connecticut Rivers Council, is a Board Member of<br />
Junior Achievement of Southwest New England,<br />
Annual Chairman for the JA Hall of Fame Event, Board<br />
Member of United Way of Central and Northeastern<br />
Connecticut, and Board Member of University of<br />
Hartford Barney School of Business.<br />
“<br />
I am honored to work with these<br />
wonderful organizations and I encourage<br />
others to find their passion in giving back<br />
as well. Every donation, no matter how<br />
small makes a tremendous impact. It’s<br />
employees who donate their time and<br />
money that truly define our company and<br />
our communities.<br />
(Don and Marilyn Allan)<br />
- Don Allan<br />
SVP & CFO<br />
”<br />
Our Impact in<br />
the Community.<br />
We’ve built a legacy on our commitment to<br />
our communities. While our products build,<br />
protect, and connect communities around<br />
the world, our people make an even bigger<br />
impact. In looking at our 2015 efforts, it is<br />
clear we are making a significant impact.<br />
17
CHARITABLE IMPACT<br />
+19%<br />
Total Impact<br />
We increased our<br />
financial giving by<br />
19% in 2015.<br />
$6M<br />
for Housing<br />
and Rebuilding<br />
Assisted 200,000 volunteers<br />
with more than $6 million<br />
in borrowed tools value.<br />
300K<br />
STEM Students<br />
Provided STEM (Science, Technology,<br />
Engineering and Math) and vocational<br />
programming to more than 300,000 students<br />
around the world. Supported 2,000 students<br />
in STEM participation and innovative<br />
competitions.<br />
+30%<br />
Total<br />
Employee Impact<br />
Our employees contributed<br />
30% more to charities around the<br />
world in 2015 than in the previous<br />
year, and nearly doubled their<br />
financial support from six years ago.<br />
50<br />
Homes<br />
Completed home builds for<br />
more than 50 families, including<br />
rehabilitating houses to make them more<br />
accommodating for returning injured veterans.<br />
$1.5M<br />
for Veterans<br />
Sponsored benefit events for more than<br />
3,000 veterans, families and friends to raise<br />
awareness, raising $1.5 million.<br />
+18% for 3 Hospitals 30,000 Kid Patients $3.3M for Healthcare<br />
Following three hospitals<br />
expansions that we funded,<br />
those facilities averaged a<br />
18% increase in patients.<br />
Had an impact on 30,000 kids<br />
admitted into children’s<br />
hospital and 9,600 patient<br />
visits.<br />
Sponsored events that raised<br />
$3.3 million for healthcare<br />
research.<br />
18
Raising Concerns<br />
and Reporting<br />
Violations of<br />
Business Conduct<br />
Guidelines.<br />
The Stanley Black & Decker Business Conduct Guidelines<br />
set forth general principles for conducting the Company’s<br />
business in a legal and ethical way, and also provide you<br />
with guidance to follow in applying these principles.<br />
As a Company employee, one of your important responsibilities<br />
is to report actual or suspected violations of the<br />
Guidelines that come to your attention. Your report can<br />
be anonymous. Violations of the Guidelines, including<br />
any failure to report a violation, will result in disciplinary<br />
action.<br />
To report actual or suspected violations of the Guidelines,<br />
please contact any of the following:<br />
• your supervisor;<br />
• the general manager of your business unit;<br />
• the lawyer who supports your business unit or<br />
region; or<br />
• the Company’s Ombudsman, Bruce Beatt<br />
The Ombudsman can be reached at:<br />
Bruce H. Beatt<br />
Senior Vice President, General Counsel and Secretary<br />
1000 Stanley Drive<br />
New Britain, CT 06053<br />
Telephone: 800-424-2987<br />
Facsimile: 860-827-3911<br />
e-mail: bruce.beatt@sbdinc.com<br />
The Company prohibits retaliation against any<br />
employee who reports an actual or suspected<br />
violation. If you are worried about retaliation,<br />
or believe you have been retaliated against, we<br />
encourage you to contact the Ombudsman directly.<br />
The Business Conduct Guidelines are posted on eCentral.<br />
19
Recent<br />
Awards!<br />
Stanley Black and Decker was recently<br />
recognized as an award recipient and top<br />
company on several respected lists.<br />
• “Fortune’s Most Admired Companies”<br />
– We ranked 4th in the Home<br />
Equipment & Furnishings Industry.<br />
• “Best Employers of 2016” in France -<br />
We ranked 8th in the Wholesale / Trade<br />
Business segment for our commitment<br />
to training and development.<br />
• Chief Executive Magazine’s “Best 40<br />
Best Public Companies for Leaders”<br />
– We ranked 17th for excelling at<br />
nurturing leaders.<br />
These recognitions are a tribute to our<br />
employees, who work every day to build and<br />
sustain our reputation. It is thanks to every one<br />
of you that we continue to outperform our<br />
competitors.<br />
20
WHERE WE WORK<br />
Fort Mill Manufacturing Facility and Distribution Center,<br />
Fort Mill, SC & Charlotte, NC<br />
Visit eCentral for<br />
up-to-the minute news!