NEW BRITAIN, Conn., July 23 /PRNewswire-FirstCall/ -- The Board of
Directors of The Stanley Works (NYSE: SWK) announced the election of a new
member, Robert B. Coutts, age 57, Executive Vice President, Electronic
Systems of the Lockheed Martin Corporation (NYSE: LMT). Mr. Coutts was with
the Martin Marietta Company that merged with Lockheed to become Lockheed
Martin in 1995, was elected an officer in 1996 and has served in his
current position as head of the $11 billion electronic systems business
since 1999.
Prior to his tenure with Lockheed Martin, Mr. Coutts held senior
management positions over a 20-year period with the General Electric
Company and Martin Marietta. His responsibilities included, at various
times, general management, material acquisition, subcontractor management
and manufacturing.
John F. Lundgren, Chairman and Chief Executive Officer of The Stanley
Works, stated: "We enthusiastically welcome Bob Coutts to our Board. He is
an astute businessman with a proven track record leading technology-based
global businesses. Stanley will benefit from his knowledge, business acumen
and expertise and we look forward to his contributions to our growth
strategy in the coming years."
Mr. Coutts graduated from Tufts University with a Bachelor's degree in
mechanical engineering. He is a member of the Board of Directors of
Hovnanian Enterprises, Inc., Chairman of Sandia National Corporation, a
wholly-owned subsidiary of Lockheed Martin Corporation, and is currently
Chief Executive Officer and Deputy Chairman of the Association of the U.S.
Army Council of Trustees.
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
 back to top
Related links:
http://www.StanleyWorks.com
http://www.prnewswire.com/comp/874363.html /
CONTACT:
Gerry Gould, VP, Investor Relations of
Stanley Works, +1-860- 827-3833, or ggould@stanleyworks.com
|
