Stanley Black & Decker Appoints New Chair and Board Member

By Chris Stiles • Monday, January 26 16:40 • Permanent Link

Stanley Black & Decker (NYSE: SWK) has announced changes to its board of directors and appointed a new member to drive operational excellence across the organization. Debra Crew, an independent director, has been named chair of the board effective upon the retirement of executive chair Donald Allan Jr. on October 1, 2026. Additionally, Shane M. O’Kelly, President and CEO of Advance Auto Parts, Inc., has been appointed as a member of the board of directors.

Debra Crew, who has been a director since December 2013, will transition to the role of chair upon Allan’s retirement. She will also serve as lead independent director until her transition to chair in October. Andrea Ayers, who currently holds the position of lead independent director, will continue to serve on the board as an independent director until her retirement in April. Crew's extensive background in marketing, operations, and strategic leadership, paired with her global perspective, provides critical insights for innovation and sustained growth.

Shane M. O’Kelly, who assumed his role as President and CEO of Advance Auto Parts, Inc. in September 2023, brings a wealth of expertise in driving organic and inorganic growth, supply chain management, logistics, and distribution across both B2B and B2C sectors. O’Kelly will also serve as a member of the board’s compensation and talent development committee and the corporate governance committee.

Stanley Black & Decker, founded in 1843 and headquartered in the USA, is a worldwide leader in tools and outdoor solutions, with approximately 48,000 employees globally. The company's portfolio of trusted brands includes DEWALT®, Craftsman®, Stanley®, BLACK+DECKER®, and Cub Cadet®.

These board leadership changes and the appointment of Shane M. O’Kelly reflect the company’s ongoing commitment to best-in-class governance and forward-thinking leadership to drive operational excellence across the organization. The market has reacted to these announcements by moving the company's shares 0.25% to a price of $84.61. For the full picture, make sure to review STANLEY BLACK & DECKER, INC.'s 8-K report.

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