07:16 AM EDT, 06/30/2025 (MT Newswires) -- Stanley Black & Decker ( SWK ) said Monday its board appointed Christopher Nelson as its next Chief Executive Officer, succeeding Donald Allan Jr., who has led the company since 2022, effective Oct. 1.

Nelson, the company's chief operating officer, executive vice president, and president of the Tools & Outdoor business, will join the board upon taking the role, Stanley Black & Decker ( SWK ) said.

The company said Allan will become executive chair of the board, while current Chair Andrea Ayers will serve as lead independent director and continue to head the executive committee.

Allan is expected to retire in October 2026, after which the company plans to return to an independent board chair structure, it added.