Business
Archibald joined Black & Decker as President and Chief Operating Officer in September 1985. When appointed President and Chief Executive Officer (CEO) in March 1986 at the age of 42, Archibald was the youngest CEO of a Fortune 500 Company. He served as CEO for Black & Decker for twenty-four years before orchestrating the sale of the company to The Stanley Works Corporation in 2009. A lack of disclosure regarding a business partnership between Archibald and a board member crucial to closing this transaction earned Black & Decker a rebuke from the New York Stock Exchange.
Archibald is a recipient of the American Marketing Association’s Edison Achievement Award for significant and lasting contributions to marketing excellence and product innovation. He has been cited by Business Week as one of the top six managers in the United States and by Fortune as one of the country’s “ten most wanted” executives. He serves as a member of the Board of Directors at Lockheed Martin Corporation, Huntsman Corporation and Brunswick Corporation and is a member of the President’s Leadership Council at Brigham Young University. Past Board memberships include: ITT Corporation, the Johns Hopkins University Board of Trustees, and Board of Directors of the Associates, Harvard Business School.
Read more about this topic: Nolan D. Archibald
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