Robert J. Manning Elected to Stanley Black & Decker Board of Directors
NEW BRITAIN, Conn., August 4, 2022 /PRNewswire/ — Stanley Black & Decker (NYSE: SWK) today announced that Robert J. Manningformer Chairman and CEO of MFS Investment Management, was elected to the company’s Board of Directors.
With over three decades of experience and leadership in financial services, Manning brings a deep understanding of the investment community. Manning also has expertise in creating enterprise value and evaluating companies’ capital allocation, operating systems, and environmental, social and governance (ESG) strategies.
“Rob is a highly respected leader in the investment management industry, and his in-depth knowledge of capital markets, investor insights and sustainable investing will enhance the expertise of our Board of Directors,” said Andrea J. Ayers, Stanley Black & Decker chair. “We look forward to working with Rob as we continue our efforts to maximize long-term value for all of our stakeholders.” In keeping with its ongoing board succession process, the Company has added five new non-executive directors over the past three years.
Robert Manning said, “I am delighted and honored to join the Stanley Black & Decker Board of Directors. Stanley Black & Decker is an iconic American company, and I will work every day to help it succeed in the future.
Manning retired as non-executive chairman of MFS Investment Management earlier this year after a 37-year career with the firm. Under his leadership, MFS has grown into a global investment manager capable of adding value to individual and institutional investors around the world. He is credited with implementing initiatives that helped the company weather the 2008 global financial crisis and positioning MFS for continued success as the company navigated through the global pandemic.
Manning joined MFS in 1984 as a fixed income research analyst and held several positions of increasing responsibility in the firm’s investment division, including fixed income portfolio manager , Fixed Income Strategist and Director of Fixed Income Research. In 2004, he was appointed Managing Director and Chief Investment Officer. Manning added the role of chairman in 2010 and was named co-CEO in 2015. He had been executive chairman since 2017 and non-executive chairman since 2021.
Manning graduated from University of Massachusetts – Lowell and earned a Masters in Finance from Boston College. He is currently Chairman of the Board of Directors of the UMasse system.
About Stanley Black & Decker Based in the UNITED STATES, Stanley Black & Decker (NYSE: SWK) is the world’s largest tooling company operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose – for those who make the world – the company’s more than 60,000 diverse and high-performing employees produce power tools, hand tools, storage solutions, digital tool solutions, products lifestyle products, outdoor products, technical fasteners and other industrial equipment to support manufacturers, designers, marketers and builders around the world. The company’s iconic brands include DEWALT®BLACK+DECKER®CRAFTSMEN®STANLEY®CUB CADET®HUSTLER®and TROY-BILT®. Recognized for its environmental, social and governance (ESG) leadership, Stanley Black & Decker strives to be a force for good in the service of its communities, employees, customers and other stakeholders. For more information visit: www.stanleyblackanddecker.com
Vice President, Public Relations
Vice President, Investor Relations
SOURCEStanley Black & Decker