History
The company was created by the 1920 merger of Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and the Stanley Rule and Level Company, founded by Frederick's cousin, Henry Stanley, in 1857.
In May 2002, the company considered moving its corporate headquarters to Bermuda, but public and governmental outcry forced management to reconsider the move. By August 2002, the company had decided to maintain its incorporation in the United States.
John F. Lundgren was elected as Chairman and Chief Executive Officer in 2004, replacing John Trani, a former protégé of Jack Welch at General Electric.
Read more about this topic: Stanley Black & Decker
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