Stanley Black & Decker has added Mary Laschinger, former Chair and Chief Executive Officer of Veritiv Corporation, to its Board of Directors effective November 1, 2025.
Laschinger brings more than 30 years of experience in global manufacturing and distribution, having led Veritiv’s operations as Chair and CEO and held senior roles at International Paper, James River Corporation, Kimberly‑Clark, and Shopko. She also serves on the boards of ITT and Kellanova and is a member of the Executive Advisory Council for Apollo Global Management.
Her expertise in sales, marketing, supply‑chain management, and regulatory affairs aligns with Stanley Black & Decker’s multi‑year cost‑reduction program, which targets $2 billion in pre‑tax run‑rate savings by the end of 2025, and its efforts to mitigate the impact of tariffs estimated at $800 million annually. Laschinger’s experience is expected to strengthen oversight of the company’s supply‑chain repositioning and operational efficiency initiatives.
In the second quarter of 2025, Stanley Black & Decker reported revenue of $3.9 billion, a 2% decline year‑over‑year, and an adjusted gross margin of 27.5%, down 170 basis points. Adjusted earnings per share were $1.08, beating analyst expectations. The company has guided for 2025 adjusted earnings per share of approximately $4.65 and GAAP earnings per share of $3.45. Segment performance showed flat net sales in the Tools & Outdoor segment and a 21% decline in Engineered Fastening net sales in Q1 2025, with a 3% organic revenue decline in Tools & Outdoor and a 1% decline in Engineered Fastening in Q2 2025.
Alongside the board appointment, Stanley Black & Decker announced a leadership transition: Chief Operating Officer Chris Nelson will become President and CEO effective October 1, 2025, and current CEO Don Allan will transition to Executive Chair of the Board. The board’s composition will now include Laschinger’s strategic perspective on manufacturing, distribution, and supply‑chain challenges.
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