A Conversation with Union Alumni Leading Fortune 500 Companies
Jim Loree is President & Chief Executive Officer of Stanley Black & Decker. Loree joined the company, then Stanley Works, as CFO in 1999 when the company generated $2 billion in revenue. In that role, he undertook a massive restructuring of the business and a re-architecting of the company’s portfolio. Since that time, he was promoted to COO, President and then CEO in 2016, as the company generated significant growth both organically and through acquisitions to stand at $13 billion in annual revenue (more than 5x growth over the 17-year period), with more than 58,000 employees across the globe.
The organization operates the world’s largest tool and storage company featuring iconic brands such as Black & Decker, Bostitch, Craftsman, DEWALT, FACOM, Irwin, Lenox, Porter Cable and Stanley. Stanley Black & Decker is also the world’s second-largest commercial electronic security company and operates a leading engineered fastening business that helps hold the world together. The company’s tools, solutions and services are put to work in virtually every country and environment across the globe – building, connecting and securing our world.
Prior to Stanley Black & Decker, Loree held a successful 19-year career with GE. He joined GE in 1980 as part of the Financial Management training program, then he joined the GE Audit staff. For the next 12 years, he held positions of increased responsibility in financial and operating management in industrial businesses, corporate and GE Capital. He earned a bachelor’s degree in Economics from Union College.