Stanley Black & Decker, Inc. Appoints Patrick Hallinan to Executive Vice President, Effective April 6, 2023
January 23, 2023 at 08:35 am EST
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Stanley Black & Decker announced the appointment of Patrick Hallinan to executive vice president, effective April 6, 2023. Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., President and CEO of Stanley Black & Decker. Walburger will resume his previous role as Vice President of Business Development.
Hallinan joins the company from Fortune Brands Innovations where he served as Executive Vice President & CFO and led the firm's finance function. His career at Fortune Brands spanned 17 years, including various finance & technology leadership and general management roles across business segments where he gained significant exposure to multiple facets of the consumer market. Prior to joining Fortune Brands, Hallinan worked at Booz Allen Hamilton as a principal in the firm's automotive, aerospace and industrial goods practice.
Hallinan received a bachelor's degree in Economics from Northwestern University and an MBA in Finance and Accounting, with honors, from the University of Chicago.
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%).