NEW BRITAIN, Conn., Feb. 22 /PRNewswire-FirstCall/ -- The Board of
Directors of The Stanley Works (NYSE: SWK) elected Donald R. McIlnay, 55, to
the new position President, Industrial Tools Group and Emerging Markets and
elected Jeffery D. Ansell, 38, to serve as Vice President and President,
Stanley Consumer Tools Group, an executive officer position. In his new role
Mr. McIlnay will remain a corporate Senior Vice President and Executive
Officer and will oversee the company's Proto industrial mechanics tools,
Vidmar industrial storage, Mac Tools, Assembly Technologies, Hydraulic Tools,
Supply & Services, Hardware (Stanley and National) and Asian and Eastern
European emerging markets. This combination of business responsibilities will
position Mr. McIlnay uniquely to leverage product and market synergies across
the industrial businesses as well as direct the company's overall expansion
into high growth emerging markets.
Mr. McIlnay most recently served as President of Stanley's Tools Group
(consumer tools, hardware and storage, as well as industrial hand tools and
storage) since his April, 2004 appointment. He served briefly as President of
the company's entry door and home decor businesses and was instrumental in
overseeing their divestiture. From 1999 through mid 2003 he was President,
Consumer Sales Americas and under his leadership the company achieved major
successes with its largest customers through successful category management
initiatives, near-neighbor market opportunities, improved in-store service and
more effective programs at the point-of-sale.
Mr. Ansell was named President -- Consumer Tools and Storage in 2004 and
has advanced a strategic business unit (SBU)-based culture that has led to
success in the marketplace based on innovation in both product development and
merchandising programs. His tenure in overseeing the home center, mass
merchant, co-op and two-step channels has featured consistent growth in sales
and profitability. From 2002 through mid-2004, as President of Industrial
Tools & Storage, he led the Stanley Vidmar organization as well as the
significant turnaround of the Stanley Proto business. From 2001-2002 Jeff was
Vice President -- Global Consumer Tools Marketing and prior to that Vice
President -- Consumer Sales Americas.
Mr. McIlnay and Mr. Ansell will report directly to John F. Lundgren,
Chairman and Chief Executive Officer, who commented: "Don McIlnay and Jeff
Ansell are industry and channel veterans who have demonstrated the ability to
serve customers with compelling value propositions, while executing programs
that create high demand by end users of tools, hardware and storage products.
"For over thirty years, Don has succeeded in a broad array of sales and
operating management roles, always delivering profitable growth. As such, he
is the ideal choice to execute the important task of increasing the presence
of our businesses in emerging markets. The election of Jeff Ansell as Vice
President and President, Consumer Tools Group recognizes both the successes in
the Consumer Tools business under his leadership, as well as our growth
expectations for consumer tools and storage in the years ahead."
Prior to joining Stanley in 1999, Mr. McIlnay was President and CEO of The
Gibson-Homans Company, following an 18-year career with Newell-Rubbermaid that
included tenures as president of four different divisions. He holds BA -
Marketing and MBA degrees from the University of Wisconsin - Whitewater.
Prior to joining Stanley, Mr. Ansell was Director of Sales and Marketing
at Genlyte Corporation. Prior to that, he successfully ascended through a
variety of sales and marketing positions at Black & Decker Corporation. He
holds a BA degree and is a summa cum laude graduate of Saint Vincent College.
The Stanley Works, an S&P 500 company, is a worldwide supplier of tools
and security solutions for professional, industrial and consumer use.
The Stanley Works corporate press releases are available in the Investor
Relations section of the company's Internet web site at
http://www.stanleyworks.com.
SOURCE The Stanley Works
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Related links:
http://www.StanleyWorks.com
Company News On-Call:
http://www.prnewswire.com/comp/874363.html
CONTACT:
Gerry Gould, VP, Investor Relations of The
Stanley Works, +1-860-827-3833, ggould@stanleyworks.com
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