Donald Allan, Jr. has been leading Stanley Black & Decker, Inc. as its CEO since July 1, 2022. With a strong background in finance, he started his career at the company in 1999, climbing the ranks from Director of Financial...
Donald Allan, Jr. has been leading Stanley Black & Decker, Inc. as its CEO since July 1, 2022. With a strong background in finance, he started his career at the company in 1999, climbing the ranks from Director of Financial Reporting to CFO before becoming CEO. Allan's leadership is marked by a focus on performance, shown by his compensation structure which includes a target bonus based on growth metrics. He recently signed an extension to his employment agreement, increasing his base salary to $1.35 million a year, effective January 2024, and a long-term incentive award target of at least $10 million each year for 2024 and 2025. His stock holdings reflect confidence in the company, with notable insider trading activity where he maintained substantial stakes worth over $15 million in the years leading up to his CEO appointment. Under his leadership, the company aims to enhance shareholder value, demonstrating a balance between ambitious targets and strategic financial management.