Issue link: https://nebusinessmedia.uberflip.com/i/960045
www.HartfordBusiness.com • April 2, 2018 • Hartford Business Journal 13 News Headlines ■ ■ Stanley Black & Decker will open an advanced manufacturing center in downtown Hartford this year. ■ ■ Stanley Black & Decker said it plans to begin selling its Craftsman tools in Lowe's stores in the second half of 2018. ■ ■ Stanley recently announced a first- quarter cash dividend of 63 cents per common share, extending its record for the longest-consecutive quarterly dividend payment among industrial companies listed on the New York Stock Exchange. Movers & Shakers Cortney Dunlap of Avon and Bernie Pelletier of West Hartford have been elected to the board of directors of Real Estate Agents Recycle (REAcycle), a philanthropic group of real estate agents creating jobs for the underemployed and keeping gently used and recyclable items out of landfills. Dunlap is founder of Inspirational Care LLC, a home healthcare organization that assists individuals with disabilities. He recently opened the House of Inspiration, a group home for young women in Hartford. Pelletier is active in environmental and sustainability issues, having retired as the chief actuary for Travelers International Division. Harley Johnson has been appointed manager of information technology at Companions & Homemakers, a provider of in-home care for the elderly in Connecticut. He will focus on streamlining IT infrastructure as part of the company's commitment to LEAN management processes. Prior to joining Companions & Homemakers, Harley worked with Cage Data in Wallingford as senior solutions engineer. Demetrio (Dino) Ricciardone has been selected for the new position of business development officer at Savings Institute Bank & Trust. He will work with branch managers and partners in Windham County to identify opportunities to accelerate growth of local businesses. Ricciardone managed the bank's 803 Main St., Willimantic location for several years. Gregg Wagner has joined Berkshire Hathaway HomeServices New England Properties to lead its expansion into Rhode Island as vice president, director of new homes and land. Based in Wallingford, Wagner will lead acquisition opportunities and new business ventures to further develop New England Properties' presence in the Northeast. He will also continue to expand Berkshire Hathaway HomeServices New England Properties' new homes and land portfolio, strengthening and building relationships with builders and clients. Stefanie Boles has joined Hartford- based United Way of Central and Northeastern Connecticut as chief financial officer. Boles will provide strategic direction for the development and operation of United Way's administrative, financial, legal and risk management operations and will oversee the organization's information technology, human resources and facilities management functions. Boles, who replaces the retired Thomas Glynn, has 20 years of leadership in the nonprofit sector, including 18 as CFO at United Way of Greater New Haven. Sasha Turner, associate professor of history at Quinnipiac University, has been elected co-president of the Coordinating Council for Women in History, which supports and fosters the inclusion of all women in the historical profession to broaden the organization of women historians and the study of women's history to represent the diversity of women in the U.S. and internationally. Mehb Khoja has been appointed president of Medical Risk Managers Inc., a managing general underwriting and consulting firm specializing in medical stop-loss insurance and a wholly owned subsidiary of Symetra Financial Corp. Khoja will be responsible for the strategic and operational management of the South Windsor-based company. He succeeds Thomas Doran, who left MRM last year. Khoja brings an extensive background as a healthcare actuary and management consultant to his new role, joining MRM from Milliman in Chicago. Margaret Craig has been hired as chief marketing and communications officer at Hartford-based CPA and consulting firm Whittlesey. Craig is responsible for the firm's overall marketing and brand strategy. Craig has more than 20 years of experience in marketing and graphic design aimed at improving sales. She joins Whittlesey after 10 years with USI Consulting Group, where she most recently was vice president of marketing and communications. Harley Johnson Demetrio (Dino) Ricciardone Gregg Wagner Stefanie Boles Mehb Khoja Corporate Profile Stanley Black & Decker Inc. 1000 Stanley Drive, New Britain, CT 06053 | www.stanleyblackanddecker.com Stanley Black & Decker Inc. makes power and hand tools, mechanical access solutions, and electronic security and moni- toring systems for various industrial applications. 2015 2016 2017 0 3,000 6,000 9,000 12,000 15,000 In millions of dollars Profits Revenues $883.7M $965.3M $1.2B $11.2B $11.4B $12.7B $883.7M $965.3M $1.2B Corporate suite Stock Non-equity Exec. Salary Bonus Awards Incentive Total James M. Loree President/CEO $1,204,167 $0 $5,687,086 $2,851,200 $16,211,415 Jeffrey D. Ansell EVP/Pres. Tools & Storage $697,500 $0 $1,568,835 $1,245,440 $4,470,371 Donald Allan Jr. EVP/CFO $697,500 $0 $1,568,835 $1,100,880 $4,291,480 Profits and Revenues Fact box Industry: Machine tools and accessories 4Q 2017 Revenue: $3.4B 4Q 2017 Net Income: $281.5M 4Q 2016 Net Income: $255.5M Quarterly Profit Change: $26M Cash: $637.5M Employees: 57,765 Competitors: Bosch Security Systems Danaher Corp. Makita Corp. Stock watch Ticker Symbol SWK Market Cap $23.36B 52 Week Range Price $130.04–$176.62 Outstanding Shares 221.6M Top institutional investors Shares % Stake Vanguard Group Inc. 11,766,575 7.64 JP Morgan Chase & Co. 11,411,619 7.4 Blackrock Inc. 10,065,546 6.53 James M. Loree, President & CEO