13.06.2016 Views

Newsletter Q2_Digital

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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 />

16


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!

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!