Stanley Black & Decker CEO to share plan for success

Published on Friday, 7 September 2018 20:23
Written by Karla Santos

@KarlaSantosNBH

NEW BRITAIN –– Stanley Black & Decker’s Chief Executive Officer Jim Loree will speak at the Tunxis Foundation Networking Breakfast on Oct. 2 about the role manufacturing can play in developing a more sustainable economy in Connecticut.

It will start at 7:30 a.m. at the DoubleTree by Hilton hotel in Bristol.

“Understanding the economic impact and needs of the manufacturing sector in Connecticut and nationwide is vital to the sustainability of the state,” Keith Madore, executive director of the Tunxis Community College Foundation, said.

“Tunxis Foundation is excited to be able to bring Jim Loree as a guest speaker and invite other industry and community leaders to join us as we take a step forward in supporting the workforce and education demands in Connecticut.”

Profit from the event will benefit scholarships and campus initiatives at Tunxis Community College.

Tickets and sponsorships must be reserved by Sept. 21 and can be purchased at tunxis.edu/donate, or tunxisfoundation.org. Individual admission is $70.

Loree started his journey at Stanley Black & Decker in 1999 as a chief financial officer, later becoming a chief operating officer.

In 2016 he became the president and CEO of the world’s largest power tool company.

Loree has assisted in guiding the business and its portfolio.

Through Loree’s leadership, Stanley Black & Decker has increased its annual revenue to $13 billion.

Loree has also led the company to concentrate on building a sustainable enterprise to make sure it continues to be at the top of the ladder.

In addition, during Loree’s role as a CEO, the company has been acknowledged in Forbes’ America’s Best Employers for Diversity, Barron’s 100 Most Sustainable Companies, Top 100 for Millennial Women, and Fortune’s Most Admired Companies among others.

More than 58,000 employees work for Stanley Black & Decker around the world. The company is based in New Britain.

The company is striving to increase its revenue to $22 billion by 2022 with the strategic focus of becoming a company that offers societal good through its business model.

Tunxis Community College Foundation is a nonprofit organization established in 1970.

The organization is led by a board of directors that includes faculty, community and business leaders.

The goal of the foundation is to assist with learning projects, scholarships, student veterans and more.

Karla Santos can be reached at 860-801-5079 or ksantos@centralctcommunications.com.



Posted in New Britain Herald, New Britain on Friday, 7 September 2018 20:23. Updated: Friday, 7 September 2018 20:26.