James M. Loree
JIM LOREE is President & Chief Executive Officer of Stanley Black & Decker. Jim joined the company, then Stanley Works, as CFO in 1999 when the company generated just over $2 billion in revenue. In that role, he led a massive restructuring of the business and began a rearchitecting of the company’s portfolio. Since that time, he was promoted to COO, President and then CEO in 2016, as the company generated significant growth both organically and through acquisitions to stand at $14 billion in annual revenue (more than 5x growth since 1999), with more than 61,000 employees across the globe.
The organization operates the world’s largest tool and storage company featuring iconic brands such as BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, IRWIN, LENOX, PORTER-CABLE and STANLEY. Stanley Black & Decker is also the world’s second largest commercial electronic security services company and operates a leading engineered fastening business that helps hold the world together, as well as Oil & Gas and Infrastructure businesses. The company’s tools, solutions and services are put to work in virtually every country across the globe – building, connecting and securing our world.
Under Jim’s CEO leadership, the company has embarked on defining and embedding its purpose, “For those who make the worldTM” with the goal of creating a sustainable enterprise to ensure the company’s long-term success. The purpose serves as the organization’s North Star, guiding its employees in their actions and behaviors. Stanley Black & Decker is for the makers and creators, the craftsmen and the caregivers and many others doing the challenging work to make our world a better place. Stanley Black & Decker makes the hardest-working tools, solutions and services for the world’s hardest-working people.
The world is changing at an exponential pace, and Jim believes that for companies to be successful in this rapidly changing world, the company must be bold and agile and at the same time thoughtful and disciplined. This has led the company to its 22/22 vision, with a three-fold strategy: continue to deliver top-quartile performance, become known as one of the world’s leading innovators, and elevate its commitment to corporate social responsibility. The organization is focused on delivering societal good through its innovations and business model approach, with a heightened focus on diversity and inclusion, environmental impact and enhancing the communities where its employees live and work.
During his tenure as CEO, the company has been recognized in a number of notable lists, including Forbes’ America’s Best Employers for Diversity (#67), Barron’s 100 Most Sustainable Companies (#30), Fortune’s Most Admired Companies, Dow Jones Sustainability Index (World Index in 2018 and 2019 and nine consecutive years on the North America Index) and Mogul’s Top 100 Innovators in Diversity & Inclusion (#4) and Top 100 for Millennial Women (#1).
Prior to Stanley Black & Decker, Jim had a successful 19-year career with GE, spanning a multitude of assignments and industries. He joined GE in 1980 as part of the Financial Management training program, then joined the GE Audit staff. For the next 12 years he held positions of increased responsibility in financial and operating management in industrial businesses, corporate and GE Capital.
Jim is an active member of the business community and the non-profit sector. He is a director of Whirlpool Corporation, serves as a Trustee of his alma mater, Union College, and is a director at both Hartford Hospital and the Jim and Rebecca Loree Foundation. He is a member of the Wall Street Journal CEO Council, the Business Roundtable, the U.S. Chamber of Commerce, Fortune’s CEO Initiative and the CEO Action for Diversity & Inclusion. He is also a director for the National Association of Manufacturers.
Jim lives with his wife Rebecca in Connecticut and is the proud father to four young women.