TOWSON, Md., Oct. 14 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) announced today that Robert L. Ryan has been elected
to the Corporation's Board of Directors. Mr. Ryan, 62, is currently a
director of Hewlett-Packard Company, UnitedHealth Group, and General Mills.
He served as Senior Vice President and Chief Financial Officer of Medtronic,
Inc., a leading medical technology company, until his retirement earlier this
year. He previously held senior financial positions at Union Texas Petroleum
Corporation.
Commenting on Mr. Ryan's election, Nolan D. Archibald, Chairman and Chief
Executive Officer, said, "We are extremely pleased to welcome Bob Ryan. With
his broad business expertise and over 25 years of senior financial experience,
Bob will be a valuable addition to our Board and Audit Committee."
The Board of Directors also increased the Corporation's authorization
under its stock repurchase program by 5.0 million shares. During 2005,
approximately 5.1 million shares have been repurchased. With the additional
shares authorized today, approximately 5.2 million shares remain authorized
for repurchase.
In addition, the Corporation's Board declared a quarterly cash dividend of
$0.28 per share of the Corporation's outstanding common stock payable
December 30, 2005, to stockholders of record at the close of business on
December 16, 2005.
Black & Decker is a leading global manufacturer and marketer of power
tools and accessories, hardware and home improvement products, and
technology-based fastening systems.
SOURCE The Black & Decker Corporation
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Related links:
http://www.bdk.com
Company News On-Call: Black & Decker press releases
available through http://www.prnewswire.com/comp/235329.html
CONTACT:
Barbara B. Lucas, Senior Vice President,
Public Affairs, +1-410-716-2980 or Mark M. Rothleitner, Vice
President, Investor Relations and Treasurer, +1-410-716-3979,
both of Black & Decker
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